Salary Needed to Live in Syracuse as a Retiree
A retired individual (65+) needs approximately $20,042/year to live comfortably in Syracuse, NY — including 5% savings.
Comfortable Salary
$20,042
with 5% savings
Bare Minimum
$18,650
no savings buffer
Monthly Expenses
$1,119
9% below national avg
Detailed Monthly Budget for a Retiree in Syracuse
| Expense | Syracuse | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $117 | $121 | -3% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $191 | $229 | -17% |
| 🏥 Health Insurance | $52 | $58 | -10% |
| 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 | $1,119 | $1,227 | -9% |
How We Calculated the Salary
Monthly expenses:$1,119
Target savings (5%):$63/mo
Monthly after-tax needed:$1,182
Effective tax rate:28%
Gross annual salary needed:$20,042
Other Household Types in Syracuse
Related Pages
FAQ
What salary does a retiree need in Syracuse?
A retiree needs approximately $20,042/year ($1,670/month gross) to live comfortably in Syracuse with a 5% savings rate.
How much is rent for a retiree in Syracuse?
A 1-2br senior-friendly in Syracuse costs approximately $117/month, which is the largest single expense at 10% of the total budget.
Is Syracuse affordable for a retiree?
Yes, Syracuse is 9% more affordable than the national average for a retiree.