Salary Needed to Live in Riverside as a Retiree
A retired individual (65+) needs approximately $24,159/year to live comfortably in Riverside, CA — including 5% savings.
Comfortable Salary
$24,159
with 5% savings
Bare Minimum
$22,504
no savings buffer
Monthly Expenses
$1,369
13% above national avg
Detailed Monthly Budget for a Retiree in Riverside
| Expense | Riverside | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $169 | $121 | +40% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $21 | $18 | +17% |
| 🛡️ Car Insurance | $173 | $215 | -20% |
| 🏥 Health Insurance | $45 | $54 | -17% |
| Medicare Supplement | $240 | $200 | +20% |
| Prescription Drugs | $180 | $150 | +20% |
| Internet + Phone | $144 | $120 | +20% |
| Recreation & Social | $240 | $200 | +20% |
| Home Maintenance | $120 | $100 | +20% |
| Total Monthly | $1,369 | $1,209 | +13% |
How We Calculated the Salary
Monthly expenses:$1,369
Target savings (5%):$77/mo
Monthly after-tax needed:$1,446
Effective tax rate:27%
Gross annual salary needed:$24,159
Other Household Types in Riverside
Related Pages
FAQ
What salary does a retiree need in Riverside?
A retiree needs approximately $24,159/year ($2,013/month gross) to live comfortably in Riverside with a 5% savings rate.
How much is rent for a retiree in Riverside?
A 1-2br senior-friendly in Riverside costs approximately $169/month, which is the largest single expense at 12% of the total budget.
Is Riverside affordable for a retiree?
Riverside is above the national average for retiree living costs, requiring 13% more salary than the US median.