Salary Needed to Live in Provo as a Retiree
A retired individual (65+) needs approximately $21,794/year to live comfortably in Provo, UT — including 5% savings.
Comfortable Salary
$21,794
with 5% savings
Bare Minimum
$20,301
no savings buffer
Monthly Expenses
$1,235
2% above national avg
Detailed Monthly Budget for a Retiree in Provo
| Expense | Provo | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $129 | $121 | +7% |
| 🛒 Groceries | $25 | $16 | +56% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $195 | $215 | -9% |
| 🏥 Health Insurance | $38 | $54 | -30% |
| Medicare Supplement | $212 | $200 | +6% |
| Prescription Drugs | $159 | $150 | +6% |
| Internet + Phone | $127 | $120 | +6% |
| Recreation & Social | $212 | $200 | +6% |
| Home Maintenance | $106 | $100 | +6% |
| Total Monthly | $1,235 | $1,209 | +2% |
How We Calculated the Salary
Monthly expenses:$1,235
Target savings (5%):$70/mo
Monthly after-tax needed:$1,305
Effective tax rate:27%
Gross annual salary needed:$21,794
Other Household Types in Provo
Related Pages
FAQ
What salary does a retiree need in Provo?
A retiree needs approximately $21,794/year ($1,816/month gross) to live comfortably in Provo with a 5% savings rate.
How much is rent for a retiree in Provo?
A 1-2br senior-friendly in Provo costs approximately $129/month, which is the largest single expense at 10% of the total budget.
Is Provo affordable for a retiree?
Provo is roughly average for retiree costs, requiring a salary close to the national median.