Salary Needed to Live in Pierre as a Retiree
A retired individual (65+) needs approximately $18,661/year to live comfortably in Pierre, SD — including 5% savings.
Comfortable Salary
$18,661
with 5% savings
Bare Minimum
$17,400
no savings buffer
Monthly Expenses
$1,073
11% below national avg
Detailed Monthly Budget for a Retiree in Pierre
| Expense | Pierre | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $116 | $121 | -4% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $164 | $211 | -22% |
| 🏥 Health Insurance | $51 | $53 | -4% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,073 | $1,204 | -11% |
How We Calculated the Salary
Monthly expenses:$1,073
Target savings (5%):$61/mo
Monthly after-tax needed:$1,134
Effective tax rate:26%
Gross annual salary needed:$18,661
Other Household Types in Pierre
Related Pages
FAQ
What salary does a retiree need in Pierre?
A retiree needs approximately $18,661/year ($1,555/month gross) to live comfortably in Pierre with a 5% savings rate.
How much is rent for a retiree in Pierre?
A 1-2br senior-friendly in Pierre costs approximately $116/month, which is the largest single expense at 11% of the total budget.
Is Pierre affordable for a retiree?
Yes, Pierre is 11% more affordable than the national average for a retiree.