Salary Needed to Live in Salt Lake City as a Retiree
A retired individual (65+) needs approximately $22,376/year to live comfortably in Salt Lake City, UT — including 5% savings.
Comfortable Salary
$22,376
with 5% savings
Bare Minimum
$20,844
no savings buffer
Monthly Expenses
$1,268
5% above national avg
Detailed Monthly Budget for a Retiree in Salt Lake City
| Expense | Salt Lake City | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $128 | $121 | +6% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $181 | $215 | -16% |
| 🏥 Health Insurance | $59 | $54 | +9% |
| Medicare Supplement | $220 | $200 | +10% |
| Prescription Drugs | $165 | $150 | +10% |
| Internet + Phone | $132 | $120 | +10% |
| Recreation & Social | $220 | $200 | +10% |
| Home Maintenance | $110 | $100 | +10% |
| Total Monthly | $1,268 | $1,209 | +5% |
How We Calculated the Salary
Monthly expenses:$1,268
Target savings (5%):$72/mo
Monthly after-tax needed:$1,340
Effective tax rate:27%
Gross annual salary needed:$22,376
Other Household Types in Salt Lake City
Related Pages
FAQ
What salary does a retiree need in Salt Lake City?
A retiree needs approximately $22,376/year ($1,865/month gross) to live comfortably in Salt Lake City with a 5% savings rate.
How much is rent for a retiree in Salt Lake City?
A 1-2br senior-friendly in Salt Lake City costs approximately $128/month, which is the largest single expense at 10% of the total budget.
Is Salt Lake City affordable for a retiree?
Salt Lake City is roughly average for retiree costs, requiring a salary close to the national median.