Salary Needed to Live in Modesto as a Retiree
A retired individual (65+) needs approximately $21,053/year to live comfortably in Modesto, CA — including 5% savings.
Comfortable Salary
$21,053
with 5% savings
Bare Minimum
$19,611
no savings buffer
Monthly Expenses
$1,193
1% below national avg
Detailed Monthly Budget for a Retiree in Modesto
| Expense | Modesto | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $110 | $121 | -9% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $176 | $215 | -18% |
| 🏥 Health Insurance | $43 | $54 | -20% |
| Medicare Supplement | $212 | $200 | +6% |
| Prescription Drugs | $159 | $150 | +6% |
| Internet + Phone | $127 | $120 | +6% |
| Recreation & Social | $212 | $200 | +6% |
| Home Maintenance | $106 | $100 | +6% |
| Total Monthly | $1,193 | $1,209 | -1% |
How We Calculated the Salary
Monthly expenses:$1,193
Target savings (5%):$67/mo
Monthly after-tax needed:$1,260
Effective tax rate:27%
Gross annual salary needed:$21,053
Other Household Types in Modesto
Related Pages
FAQ
What salary does a retiree need in Modesto?
A retiree needs approximately $21,053/year ($1,754/month gross) to live comfortably in Modesto with a 5% savings rate.
How much is rent for a retiree in Modesto?
A 1-2br senior-friendly in Modesto costs approximately $110/month, which is the largest single expense at 9% of the total budget.
Is Modesto affordable for a retiree?
Modesto is roughly average for retiree costs, requiring a salary close to the national median.