Salary Needed to Live in Ontario as a Retiree
A retired individual (65+) needs approximately $23,153/year to live comfortably in Ontario, CA — including 5% savings.
Comfortable Salary
$23,153
with 5% savings
Bare Minimum
$21,567
no savings buffer
Monthly Expenses
$1,312
9% above national avg
Detailed Monthly Budget for a Retiree in Ontario
| Expense | Ontario | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $144 | $121 | +19% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $156 | $215 | -27% |
| 🏥 Health Insurance | $49 | $54 | -9% |
| 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 | $1,312 | $1,209 | +9% |
How We Calculated the Salary
Monthly expenses:$1,312
Target savings (5%):$74/mo
Monthly after-tax needed:$1,386
Effective tax rate:27%
Gross annual salary needed:$23,153
Other Household Types in Ontario
Related Pages
FAQ
What salary does a retiree need in Ontario?
A retiree needs approximately $23,153/year ($1,929/month gross) to live comfortably in Ontario with a 5% savings rate.
How much is rent for a retiree in Ontario?
A 1-2br senior-friendly in Ontario costs approximately $144/month, which is the largest single expense at 11% of the total budget.
Is Ontario affordable for a retiree?
Ontario is roughly average for retiree costs, requiring a salary close to the national median.