Salary Needed to Live in New Haven as a Retiree
A retired individual (65+) needs approximately $24,107/year to live comfortably in New Haven, CT — including 5% savings.
Comfortable Salary
$24,107
with 5% savings
Bare Minimum
$22,433
no savings buffer
Monthly Expenses
$1,346
10% above national avg
Detailed Monthly Budget for a Retiree in New Haven
| Expense | New Haven | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $144 | $121 | +19% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $232 | $229 | +1% |
| 🏥 Health Insurance | $53 | $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 | $1,346 | $1,227 | +10% |
How We Calculated the Salary
Monthly expenses:$1,346
Target savings (5%):$76/mo
Monthly after-tax needed:$1,422
Effective tax rate:28%
Gross annual salary needed:$24,107
Other Household Types in New Haven
Related Pages
FAQ
What salary does a retiree need in New Haven?
A retiree needs approximately $24,107/year ($2,009/month gross) to live comfortably in New Haven with a 5% savings rate.
How much is rent for a retiree in New Haven?
A 1-2br senior-friendly in New Haven costs approximately $144/month, which is the largest single expense at 11% of the total budget.
Is New Haven affordable for a retiree?
New Haven is roughly average for retiree costs, requiring a salary close to the national median.