Salary Needed to Live in Olympia as a Retiree
A retired individual (65+) needs approximately $22,765/year to live comfortably in Olympia, WA — including 5% savings.
Comfortable Salary
$22,765
with 5% savings
Bare Minimum
$21,205
no savings buffer
Monthly Expenses
$1,290
7% above national avg
Detailed Monthly Budget for a Retiree in Olympia
| Expense | Olympia | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $128 | $121 | +6% |
| 🛒 Groceries | $24 | $16 | +50% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $22 | $18 | +22% |
| 🛡️ Car Insurance | $175 | $215 | -19% |
| 🏥 Health Insurance | $43 | $54 | -20% |
| Medicare Supplement | $230 | $200 | +15% |
| Prescription Drugs | $173 | $150 | +15% |
| Internet + Phone | $138 | $120 | +15% |
| Recreation & Social | $230 | $200 | +15% |
| Home Maintenance | $115 | $100 | +15% |
| Total Monthly | $1,290 | $1,209 | +7% |
How We Calculated the Salary
Monthly expenses:$1,290
Target savings (5%):$73/mo
Monthly after-tax needed:$1,363
Effective tax rate:27%
Gross annual salary needed:$22,765
Other Household Types in Olympia
Related Pages
FAQ
What salary does a retiree need in Olympia?
A retiree needs approximately $22,765/year ($1,897/month gross) to live comfortably in Olympia with a 5% savings rate.
How much is rent for a retiree in Olympia?
A 1-2br senior-friendly in Olympia costs approximately $128/month, which is the largest single expense at 10% of the total budget.
Is Olympia affordable for a retiree?
Olympia is roughly average for retiree costs, requiring a salary close to the national median.