Salary Needed to Live in Medford as a Retiree
A retired individual (65+) needs approximately $57,776/year to live comfortably in Medford, OR, including 5% savings.
Direct Answer
A retiree needs about $57,776/year to live comfortably in Medford, OR. The bare-minimum salary is $53,819/year, but the comfortable figure includes a 5% savings target and a monthly after-tax budget of $3,459.
The minimum scenario leaves about $3,274/mo after tax and no planned savings. The comfortable scenario uses $4,815/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$57,776
with 5% savings
Bare Minimum
$53,819
$4,485/mo gross, no savings buffer
Monthly Expenses
$3,274
10% below national avg
Detailed Monthly Budget for a Retiree in Medford
| Expense | Medford | Nat'l Avg | Diff |
|---|---|---|---|
| 1-2BR Senior-Friendly Rent | $1,032 | $1,448 | -29% |
| Groceries | $274 | $189 | +45% |
| Utilities | $151 | $183 | -17% |
| Transportation | $181 | $211 | -14% |
| Car Insurance | $207 | $215 | -4% |
| Health Insurance | $644 | $642 | 0% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $3,274 | $3,658 | -10% |
How We Calculated the Salary
Monthly expenses:$3,274
Target savings (5%):$185/mo
Monthly after-tax needed:$3,459
Effective tax rate:27%
Gross annual salary needed:$57,776
What Drives the Salary Number?
Housing
$1,032
1-2BR Senior-Friendly rent is 32% of this monthly budget.
Taxes
27%
Estimated federal plus OR state tax reserve used to convert take-home needs into gross salary.
Savings target
5%
$185/mo is reserved for savings so the salary is not just break-even.
Local index
102/100
Medford is below the national baseline; the model adjusts baseline spending by local rent and cost data.
Compare Salary Needed in Nearby west Cities
Salary Planning Checklist
- Keep 1-2br senior-friendly housing near $1,032/mo or adjust the salary target upward.
- Budget $785/mo for persona-specific costs such as Medicare Supplement and Prescription Drugs.
- Use $53,819/year as the survival floor and $57,776/year as the healthier negotiation target.
Other Household Types in Medford
Related Pages
FAQ
What salary does a retiree need in Medford?
A retiree needs approximately $57,776/year ($4,815/month gross) to live comfortably in Medford with a 5% savings rate.
How much is rent for a retiree in Medford?
A 1-2br senior-friendly in Medford costs approximately $1,032/month, which is the largest single expense at 32% of the total budget.
Is Medford affordable for a retiree?
Yes, Medford is 10% more affordable than the national average for a retiree.