Salary Needed to Live in Tempe as a Retiree
A retired individual (65+) needs approximately $20,859/year to live comfortably in Tempe, AZ — including 5% savings.
Comfortable Salary
$20,859
with 5% savings
Bare Minimum
$19,430
no savings buffer
Monthly Expenses
$1,182
2% below national avg
Detailed Monthly Budget for a Retiree in Tempe
| Expense | Tempe | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $119 | $121 | -2% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $157 | $215 | -27% |
| 🏥 Health Insurance | $56 | $54 | +4% |
| Medicare Supplement | $208 | $200 | +4% |
| Prescription Drugs | $156 | $150 | +4% |
| Internet + Phone | $125 | $120 | +4% |
| Recreation & Social | $208 | $200 | +4% |
| Home Maintenance | $104 | $100 | +4% |
| Total Monthly | $1,182 | $1,209 | -2% |
How We Calculated the Salary
Monthly expenses:$1,182
Target savings (5%):$67/mo
Monthly after-tax needed:$1,249
Effective tax rate:27%
Gross annual salary needed:$20,859
Other Household Types in Tempe
Related Pages
FAQ
What salary does a retiree need in Tempe?
A retiree needs approximately $20,859/year ($1,738/month gross) to live comfortably in Tempe with a 5% savings rate.
How much is rent for a retiree in Tempe?
A 1-2br senior-friendly in Tempe costs approximately $119/month, which is the largest single expense at 10% of the total budget.
Is Tempe affordable for a retiree?
Tempe is roughly average for retiree costs, requiring a salary close to the national median.