Salary Needed to Live in Savannah as a Retiree
A retired individual (65+) needs approximately $18,000/year to live comfortably in Savannah, GA — including 5% savings.
Comfortable Salary
$18,000
with 5% savings
Bare Minimum
$16,800
no savings buffer
Monthly Expenses
$1,050
14% below national avg
Detailed Monthly Budget for a Retiree in Savannah
| Expense | Savannah | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $92 | $121 | -24% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $161 | $223 | -28% |
| 🏥 Health Insurance | $47 | $56 | -16% |
| Medicare Supplement | $184 | $200 | -8% |
| Prescription Drugs | $138 | $150 | -8% |
| Internet + Phone | $110 | $120 | -8% |
| Recreation & Social | $184 | $200 | -8% |
| Home Maintenance | $92 | $100 | -8% |
| Total Monthly | $1,050 | $1,219 | -14% |
How We Calculated the Salary
Monthly expenses:$1,050
Target savings (5%):$59/mo
Monthly after-tax needed:$1,109
Effective tax rate:25%
Gross annual salary needed:$18,000
Other Household Types in Savannah
Related Pages
FAQ
What salary does a retiree need in Savannah?
A retiree needs approximately $18,000/year ($1,500/month gross) to live comfortably in Savannah with a 5% savings rate.
How much is rent for a retiree in Savannah?
A 1-2br senior-friendly in Savannah costs approximately $92/month, which is the largest single expense at 9% of the total budget.
Is Savannah affordable for a retiree?
Yes, Savannah is 14% more affordable than the national average for a retiree.