Salary Needed to Live in St. Paul as a Retiree
A retired individual (65+) needs approximately $19,722/year to live comfortably in St. Paul, MN — including 5% savings.
Comfortable Salary
$19,722
with 5% savings
Bare Minimum
$18,389
no savings buffer
Monthly Expenses
$1,134
6% below national avg
Detailed Monthly Budget for a Retiree in St. Paul
| Expense | St. Paul | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $112 | $121 | -7% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $159 | $211 | -25% |
| 🏥 Health Insurance | $43 | $53 | -19% |
| Medicare Supplement | $200 | $200 | 0% |
| Prescription Drugs | $150 | $150 | 0% |
| Internet + Phone | $120 | $120 | 0% |
| Recreation & Social | $200 | $200 | 0% |
| Home Maintenance | $100 | $100 | 0% |
| Total Monthly | $1,134 | $1,204 | -6% |
How We Calculated the Salary
Monthly expenses:$1,134
Target savings (5%):$64/mo
Monthly after-tax needed:$1,198
Effective tax rate:26%
Gross annual salary needed:$19,722
Other Household Types in St. Paul
Related Pages
FAQ
What salary does a retiree need in St. Paul?
A retiree needs approximately $19,722/year ($1,644/month gross) to live comfortably in St. Paul with a 5% savings rate.
How much is rent for a retiree in St. Paul?
A 1-2br senior-friendly in St. Paul costs approximately $112/month, which is the largest single expense at 10% of the total budget.
Is St. Paul affordable for a retiree?
Yes, St. Paul is 6% more affordable than the national average for a retiree.