Salary Needed to Live in South Bend as a Retiree
A retired individual (65+) needs approximately $16,591/year to live comfortably in South Bend, IN — including 5% savings.
Comfortable Salary
$16,591
with 5% savings
Bare Minimum
$15,470
no savings buffer
Monthly Expenses
$954
21% below national avg
Detailed Monthly Budget for a Retiree in South Bend
| Expense | South Bend | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $95 | $121 | -21% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $156 | $211 | -26% |
| 🏥 Health Insurance | $40 | $53 | -25% |
| Medicare Supplement | $160 | $200 | -20% |
| Prescription Drugs | $120 | $150 | -20% |
| Internet + Phone | $96 | $120 | -20% |
| Recreation & Social | $160 | $200 | -20% |
| Home Maintenance | $80 | $100 | -20% |
| Total Monthly | $954 | $1,204 | -21% |
How We Calculated the Salary
Monthly expenses:$954
Target savings (5%):$54/mo
Monthly after-tax needed:$1,008
Effective tax rate:26%
Gross annual salary needed:$16,591
Other Household Types in South Bend
Related Pages
FAQ
What salary does a retiree need in South Bend?
A retiree needs approximately $16,591/year ($1,383/month gross) to live comfortably in South Bend with a 5% savings rate.
How much is rent for a retiree in South Bend?
A 1-2br senior-friendly in South Bend costs approximately $95/month, which is the largest single expense at 10% of the total budget.
Is South Bend affordable for a retiree?
Yes, South Bend is 21% more affordable than the national average for a retiree.