Salary Needed to Live in Reading as a Retiree

A retired individual (65+) needs approximately $17,785/year to live comfortably in Reading, PA — including 5% savings.

Comfortable Salary
$17,785
with 5% savings
Bare Minimum
$16,550
no savings buffer
Monthly Expenses
$993
19% below national avg

Detailed Monthly Budget for a Retiree in Reading

ExpenseReadingNat'l AvgDiff
🏠 1-2BR Senior-Friendly Rent$99$121-18%
🛒 Groceries$14$16-12%
⚡ Utilities$14$15-7%
🚗 Transportation$12$18-33%
🛡️ Car Insurance$141$229-38%
🏥 Health Insurance$51$58-12%
Medicare Supplement$172$200-14%
Prescription Drugs$129$150-14%
Internet + Phone$103$120-14%
Recreation & Social$172$200-14%
Home Maintenance$86$100-14%
Total Monthly$993$1,227-19%

How We Calculated the Salary

Monthly expenses:$993
Target savings (5%):$56/mo
Monthly after-tax needed:$1,049
Effective tax rate:28%

Gross annual salary needed:$17,785

Other Household Types in Reading

Single Person
$17,129/yr
$885/mo expenses
Couple (No Kids)
$23,960/yr
$1,198/mo expenses
Family with Kids
$51,811/yr
$2,461/mo expenses

Related Pages

Living Alone in ReadingCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a retiree need in Reading?
A retiree needs approximately $17,785/year ($1,482/month gross) to live comfortably in Reading with a 5% savings rate.
How much is rent for a retiree in Reading?
A 1-2br senior-friendly in Reading costs approximately $99/month, which is the largest single expense at 10% of the total budget.
Is Reading affordable for a retiree?
Yes, Reading is 19% more affordable than the national average for a retiree.
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