Salary Needed to Live in Moreno Valley as a Retiree
A retired individual (65+) needs approximately $24,265/year to live comfortably in Moreno Valley, CA — including 5% savings.
Comfortable Salary
$24,265
with 5% savings
Bare Minimum
$22,603
no savings buffer
Monthly Expenses
$1,375
14% above national avg
Detailed Monthly Budget for a Retiree in Moreno Valley
| Expense | Moreno Valley | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $152 | $121 | +26% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $22 | $18 | +22% |
| 🛡️ Car Insurance | $204 | $215 | -5% |
| 🏥 Health Insurance | $52 | $54 | -4% |
| Medicare Supplement | $236 | $200 | +18% |
| Prescription Drugs | $177 | $150 | +18% |
| Internet + Phone | $142 | $120 | +18% |
| Recreation & Social | $236 | $200 | +18% |
| Home Maintenance | $118 | $100 | +18% |
| Total Monthly | $1,375 | $1,209 | +14% |
How We Calculated the Salary
Monthly expenses:$1,375
Target savings (5%):$78/mo
Monthly after-tax needed:$1,453
Effective tax rate:27%
Gross annual salary needed:$24,265
Other Household Types in Moreno Valley
Related Pages
FAQ
What salary does a retiree need in Moreno Valley?
A retiree needs approximately $24,265/year ($2,022/month gross) to live comfortably in Moreno Valley with a 5% savings rate.
How much is rent for a retiree in Moreno Valley?
A 1-2br senior-friendly in Moreno Valley costs approximately $152/month, which is the largest single expense at 11% of the total budget.
Is Moreno Valley affordable for a retiree?
Moreno Valley is above the national average for retiree living costs, requiring 14% more salary than the US median.