Salary Needed to Live in Nashville as a Retiree
A retired individual (65+) needs approximately $21,274/year to live comfortably in Nashville, TN — including 5% savings.
Comfortable Salary
$21,274
with 5% savings
Bare Minimum
$19,856
no savings buffer
Monthly Expenses
$1,241
2% above national avg
Detailed Monthly Budget for a Retiree in Nashville
| Expense | Nashville | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $137 | $121 | +13% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $203 | $223 | -9% |
| 🏥 Health Insurance | $53 | $56 | -5% |
| Medicare Supplement | $208 | $200 | +4% |
| Prescription Drugs | $156 | $150 | +4% |
| Internet + Phone | $125 | $120 | +4% |
| Recreation & Social | $208 | $200 | +4% |
| Home Maintenance | $104 | $100 | +4% |
| Total Monthly | $1,241 | $1,219 | +2% |
How We Calculated the Salary
Monthly expenses:$1,241
Target savings (5%):$70/mo
Monthly after-tax needed:$1,311
Effective tax rate:25%
Gross annual salary needed:$21,274
Other Household Types in Nashville
Related Pages
FAQ
What salary does a retiree need in Nashville?
A retiree needs approximately $21,274/year ($1,773/month gross) to live comfortably in Nashville with a 5% savings rate.
How much is rent for a retiree in Nashville?
A 1-2br senior-friendly in Nashville costs approximately $137/month, which is the largest single expense at 11% of the total budget.
Is Nashville affordable for a retiree?
Nashville is roughly average for retiree costs, requiring a salary close to the national median.