Salary Needed to Live in Peoria as a Retiree
A retired individual (65+) needs approximately $20,471/year to live comfortably in Peoria, AZ — including 5% savings.
Comfortable Salary
$20,471
with 5% savings
Bare Minimum
$19,068
no savings buffer
Monthly Expenses
$1,160
4% below national avg
Detailed Monthly Budget for a Retiree in Peoria
| Expense | Peoria | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $116 | $121 | -4% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $168 | $215 | -22% |
| 🏥 Health Insurance | $40 | $54 | -26% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $1,160 | $1,209 | -4% |
How We Calculated the Salary
Monthly expenses:$1,160
Target savings (5%):$66/mo
Monthly after-tax needed:$1,226
Effective tax rate:27%
Gross annual salary needed:$20,471
Other Household Types in Peoria
Related Pages
FAQ
What salary does a retiree need in Peoria?
A retiree needs approximately $20,471/year ($1,706/month gross) to live comfortably in Peoria with a 5% savings rate.
How much is rent for a retiree in Peoria?
A 1-2br senior-friendly in Peoria costs approximately $116/month, which is the largest single expense at 10% of the total budget.
Is Peoria affordable for a retiree?
Peoria is roughly average for retiree costs, requiring a salary close to the national median.