Salary Needed to Live in Palm Springs as a Retiree
A retired individual (65+) needs approximately $27,265/year to live comfortably in Palm Springs, CA — including 5% savings.
Comfortable Salary
$27,265
with 5% savings
Bare Minimum
$25,397
no savings buffer
Monthly Expenses
$1,545
28% above national avg
Detailed Monthly Budget for a Retiree in Palm Springs
| Expense | Palm Springs | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $158 | $121 | +31% |
| 🛒 Groceries | $23 | $16 | +44% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $243 | $215 | +13% |
| 🏥 Health Insurance | $46 | $54 | -15% |
| Medicare Supplement | $270 | $200 | +35% |
| Prescription Drugs | $203 | $150 | +35% |
| Internet + Phone | $162 | $120 | +35% |
| Recreation & Social | $270 | $200 | +35% |
| Home Maintenance | $135 | $100 | +35% |
| Total Monthly | $1,545 | $1,209 | +28% |
How We Calculated the Salary
Monthly expenses:$1,545
Target savings (5%):$87/mo
Monthly after-tax needed:$1,632
Effective tax rate:27%
Gross annual salary needed:$27,265
Other Household Types in Palm Springs
Related Pages
FAQ
What salary does a retiree need in Palm Springs?
A retiree needs approximately $27,265/year ($2,272/month gross) to live comfortably in Palm Springs with a 5% savings rate.
How much is rent for a retiree in Palm Springs?
A 1-2br senior-friendly in Palm Springs costs approximately $158/month, which is the largest single expense at 10% of the total budget.
Is Palm Springs affordable for a retiree?
Palm Springs is above the national average for retiree living costs, requiring 28% more salary than the US median.