Salary Needed to Live in Tacoma as a Retiree
A retired individual (65+) needs approximately $24,971/year to live comfortably in Tacoma, WA — including 5% savings.
Comfortable Salary
$24,971
with 5% savings
Bare Minimum
$23,260
no savings buffer
Monthly Expenses
$1,415
17% above national avg
Detailed Monthly Budget for a Retiree in Tacoma
| Expense | Tacoma | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $167 | $121 | +38% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $209 | $215 | -3% |
| 🏥 Health Insurance | $64 | $54 | +19% |
| Medicare Supplement | $240 | $200 | +20% |
| Prescription Drugs | $180 | $150 | +20% |
| Internet + Phone | $144 | $120 | +20% |
| Recreation & Social | $240 | $200 | +20% |
| Home Maintenance | $120 | $100 | +20% |
| Total Monthly | $1,415 | $1,209 | +17% |
How We Calculated the Salary
Monthly expenses:$1,415
Target savings (5%):$80/mo
Monthly after-tax needed:$1,495
Effective tax rate:27%
Gross annual salary needed:$24,971
Other Household Types in Tacoma
Related Pages
FAQ
What salary does a retiree need in Tacoma?
A retiree needs approximately $24,971/year ($2,081/month gross) to live comfortably in Tacoma with a 5% savings rate.
How much is rent for a retiree in Tacoma?
A 1-2br senior-friendly in Tacoma costs approximately $167/month, which is the largest single expense at 12% of the total budget.
Is Tacoma affordable for a retiree?
Tacoma is above the national average for retiree living costs, requiring 17% more salary than the US median.