Salary Needed to Live in Montpelier as a Retiree
A retired individual (65+) needs approximately $23,678/year to live comfortably in Montpelier, VT — including 5% savings.
Comfortable Salary
$23,678
with 5% savings
Bare Minimum
$22,033
no savings buffer
Monthly Expenses
$1,322
8% above national avg
Detailed Monthly Budget for a Retiree in Montpelier
| Expense | Montpelier | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $161 | $121 | +33% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $19 | $15 | +27% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $179 | $229 | -22% |
| 🏥 Health Insurance | $63 | $58 | +9% |
| Medicare Supplement | $224 | $200 | +12% |
| Prescription Drugs | $168 | $150 | +12% |
| Internet + Phone | $134 | $120 | +12% |
| Recreation & Social | $224 | $200 | +12% |
| Home Maintenance | $112 | $100 | +12% |
| Total Monthly | $1,322 | $1,227 | +8% |
How We Calculated the Salary
Monthly expenses:$1,322
Target savings (5%):$75/mo
Monthly after-tax needed:$1,397
Effective tax rate:28%
Gross annual salary needed:$23,678
Other Household Types in Montpelier
Related Pages
FAQ
What salary does a retiree need in Montpelier?
A retiree needs approximately $23,678/year ($1,973/month gross) to live comfortably in Montpelier with a 5% savings rate.
How much is rent for a retiree in Montpelier?
A 1-2br senior-friendly in Montpelier costs approximately $161/month, which is the largest single expense at 12% of the total budget.
Is Montpelier affordable for a retiree?
Montpelier is roughly average for retiree costs, requiring a salary close to the national median.