Salary Needed to Live in Tampa as a Retiree
A retired individual (65+) needs approximately $20,640/year to live comfortably in Tampa, FL — including 5% savings.
Comfortable Salary
$20,640
with 5% savings
Bare Minimum
$19,264
no savings buffer
Monthly Expenses
$1,204
1% below national avg
Detailed Monthly Budget for a Retiree in Tampa
| Expense | Tampa | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $135 | $121 | +12% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $182 | $223 | -18% |
| 🏥 Health Insurance | $54 | $56 | -4% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $1,204 | $1,219 | -1% |
How We Calculated the Salary
Monthly expenses:$1,204
Target savings (5%):$68/mo
Monthly after-tax needed:$1,272
Effective tax rate:25%
Gross annual salary needed:$20,640
Other Household Types in Tampa
Related Pages
FAQ
What salary does a retiree need in Tampa?
A retiree needs approximately $20,640/year ($1,720/month gross) to live comfortably in Tampa with a 5% savings rate.
How much is rent for a retiree in Tampa?
A 1-2br senior-friendly in Tampa costs approximately $135/month, which is the largest single expense at 11% of the total budget.
Is Tampa affordable for a retiree?
Tampa is roughly average for retiree costs, requiring a salary close to the national median.