Salary Needed to Live in Raleigh as a Retiree
A retired individual (65+) needs approximately $19,354/year to live comfortably in Raleigh, NC — including 5% savings.
Comfortable Salary
$19,354
with 5% savings
Bare Minimum
$18,064
no savings buffer
Monthly Expenses
$1,129
7% below national avg
Detailed Monthly Budget for a Retiree in Raleigh
| Expense | Raleigh | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $100 | $121 | -17% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $156 | $223 | -30% |
| 🏥 Health Insurance | $52 | $56 | -7% |
| Medicare Supplement | $200 | $200 | 0% |
| Prescription Drugs | $150 | $150 | 0% |
| Internet + Phone | $120 | $120 | 0% |
| Recreation & Social | $200 | $200 | 0% |
| Home Maintenance | $100 | $100 | 0% |
| Total Monthly | $1,129 | $1,219 | -7% |
How We Calculated the Salary
Monthly expenses:$1,129
Target savings (5%):$64/mo
Monthly after-tax needed:$1,193
Effective tax rate:25%
Gross annual salary needed:$19,354
Other Household Types in Raleigh
Related Pages
FAQ
What salary does a retiree need in Raleigh?
A retiree needs approximately $19,354/year ($1,613/month gross) to live comfortably in Raleigh with a 5% savings rate.
How much is rent for a retiree in Raleigh?
A 1-2br senior-friendly in Raleigh costs approximately $100/month, which is the largest single expense at 9% of the total budget.
Is Raleigh affordable for a retiree?
Yes, Raleigh is 7% more affordable than the national average for a retiree.