Salary Needed to Live in Rochester as a Retiree
A retired individual (65+) needs approximately $19,290/year to live comfortably in Rochester, NY — including 5% savings.
Comfortable Salary
$19,290
with 5% savings
Bare Minimum
$17,950
no savings buffer
Monthly Expenses
$1,077
12% below national avg
Detailed Monthly Budget for a Retiree in Rochester
| Expense | Rochester | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $84 | $121 | -31% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $199 | $229 | -13% |
| 🏥 Health Insurance | $52 | $58 | -10% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,077 | $1,227 | -12% |
How We Calculated the Salary
Monthly expenses:$1,077
Target savings (5%):$61/mo
Monthly after-tax needed:$1,138
Effective tax rate:28%
Gross annual salary needed:$19,290
Other Household Types in Rochester
Related Pages
FAQ
What salary does a retiree need in Rochester?
A retiree needs approximately $19,290/year ($1,608/month gross) to live comfortably in Rochester with a 5% savings rate.
How much is rent for a retiree in Rochester?
A 1-2br senior-friendly in Rochester costs approximately $84/month, which is the largest single expense at 8% of the total budget.
Is Rochester affordable for a retiree?
Yes, Rochester is 12% more affordable than the national average for a retiree.