Salary Needed to Live in Spokane as a Retiree
A retired individual (65+) needs approximately $19,765/year to live comfortably in Spokane, WA — including 5% savings.
Comfortable Salary
$19,765
with 5% savings
Bare Minimum
$18,411
no savings buffer
Monthly Expenses
$1,120
7% below national avg
Detailed Monthly Budget for a Retiree in Spokane
| Expense | Spokane | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $120 | $121 | -1% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $154 | $215 | -28% |
| 🏥 Health Insurance | $41 | $54 | -24% |
| Medicare Supplement | $196 | $200 | -2% |
| Prescription Drugs | $147 | $150 | -2% |
| Internet + Phone | $118 | $120 | -2% |
| Recreation & Social | $196 | $200 | -2% |
| Home Maintenance | $98 | $100 | -2% |
| Total Monthly | $1,120 | $1,209 | -7% |
How We Calculated the Salary
Monthly expenses:$1,120
Target savings (5%):$63/mo
Monthly after-tax needed:$1,183
Effective tax rate:27%
Gross annual salary needed:$19,765
Other Household Types in Spokane
Related Pages
FAQ
What salary does a retiree need in Spokane?
A retiree needs approximately $19,765/year ($1,647/month gross) to live comfortably in Spokane with a 5% savings rate.
How much is rent for a retiree in Spokane?
A 1-2br senior-friendly in Spokane costs approximately $120/month, which is the largest single expense at 11% of the total budget.
Is Spokane affordable for a retiree?
Yes, Spokane is 7% more affordable than the national average for a retiree.