Salary Needed to Live in Provo as a Retiree
A retired individual (65+) needs approximately $53,700/year to live comfortably in Provo, UT, including 5% savings.
Direct Answer
A retiree needs about $53,700/year to live comfortably in Provo, UT. The bare-minimum salary is $50,022/year, but the comfortable figure includes a 5% savings target and a monthly after-tax budget of $3,215.
The minimum scenario leaves about $3,043/mo after tax and no planned savings. The comfortable scenario uses $4,475/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$53,700
with 5% savings
Bare Minimum
$50,022
$4,169/mo gross, no savings buffer
Monthly Expenses
$3,043
17% below national avg
Detailed Monthly Budget for a Retiree in Provo
| Expense | Provo | Nat'l Avg | Diff |
|---|---|---|---|
| 1-2BR Senior-Friendly Rent | $895 | $1,448 | -38% |
| Groceries | $296 | $189 | +57% |
| Utilities | $167 | $183 | -9% |
| Transportation | $215 | $211 | +2% |
| Car Insurance | $195 | $215 | -9% |
| Health Insurance | $459 | $642 | -29% |
| 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 | $3,043 | $3,658 | -17% |
How We Calculated the Salary
Monthly expenses:$3,043
Target savings (5%):$172/mo
Monthly after-tax needed:$3,215
Effective tax rate:27%
Gross annual salary needed:$53,700
What Drives the Salary Number?
Housing
$895
1-2BR Senior-Friendly rent is 29% of this monthly budget.
Taxes
27%
Estimated federal plus UT state tax reserve used to convert take-home needs into gross salary.
Savings target
5%
$172/mo is reserved for savings so the salary is not just break-even.
Local index
106/100
Provo is below the national baseline; the model adjusts baseline spending by local rent and cost data.
Compare Salary Needed in Nearby west Cities
Salary Planning Checklist
- Keep 1-2br senior-friendly housing near $895/mo or adjust the salary target upward.
- Budget $816/mo for persona-specific costs such as Medicare Supplement and Prescription Drugs.
- Use $50,022/year as the survival floor and $53,700/year as the healthier negotiation target.
Other Household Types in Provo
Related Pages
FAQ
What salary does a retiree need in Provo?
A retiree needs approximately $53,700/year ($4,475/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 $895/month, which is the largest single expense at 29% of the total budget.
Is Provo affordable for a retiree?
Yes, Provo is 17% more affordable than the national average for a retiree.