Salary Needed to Live in Portland as a Retiree
A retired individual (65+) needs approximately $25,976/year to live comfortably in Portland, OR — including 5% savings.
Comfortable Salary
$25,976
with 5% savings
Bare Minimum
$24,197
no savings buffer
Monthly Expenses
$1,472
22% above national avg
Detailed Monthly Budget for a Retiree in Portland
| Expense | Portland | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $153 | $121 | +26% |
| 🛒 Groceries | $24 | $16 | +50% |
| ⚡ Utilities | $17 | $15 | +13% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $207 | $215 | -4% |
| 🏥 Health Insurance | $45 | $54 | -17% |
| Medicare Supplement | $260 | $200 | +30% |
| Prescription Drugs | $195 | $150 | +30% |
| Internet + Phone | $156 | $120 | +30% |
| Recreation & Social | $260 | $200 | +30% |
| Home Maintenance | $130 | $100 | +30% |
| Total Monthly | $1,472 | $1,209 | +22% |
How We Calculated the Salary
Monthly expenses:$1,472
Target savings (5%):$83/mo
Monthly after-tax needed:$1,555
Effective tax rate:27%
Gross annual salary needed:$25,976
Other Household Types in Portland
Related Pages
FAQ
What salary does a retiree need in Portland?
A retiree needs approximately $25,976/year ($2,165/month gross) to live comfortably in Portland with a 5% savings rate.
How much is rent for a retiree in Portland?
A 1-2br senior-friendly in Portland costs approximately $153/month, which is the largest single expense at 10% of the total budget.
Is Portland affordable for a retiree?
Portland is above the national average for retiree living costs, requiring 22% more salary than the US median.