Salary Needed to Live in Terre Haute as a Retiree
A retired individual (65+) needs approximately $15,583/year to live comfortably in Terre Haute, IN — including 5% savings.
Comfortable Salary
$15,583
with 5% savings
Bare Minimum
$14,530
no savings buffer
Monthly Expenses
$896
26% below national avg
Detailed Monthly Budget for a Retiree in Terre Haute
| Expense | Terre Haute | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $74 | $121 | -39% |
| 🛒 Groceries | $13 | $16 | -19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $13 | $18 | -28% |
| 🛡️ Car Insurance | $139 | $211 | -34% |
| 🏥 Health Insurance | $43 | $53 | -19% |
| Medicare Supplement | $156 | $200 | -22% |
| Prescription Drugs | $117 | $150 | -22% |
| Internet + Phone | $94 | $120 | -22% |
| Recreation & Social | $156 | $200 | -22% |
| Home Maintenance | $78 | $100 | -22% |
| Total Monthly | $896 | $1,204 | -26% |
How We Calculated the Salary
Monthly expenses:$896
Target savings (5%):$51/mo
Monthly after-tax needed:$947
Effective tax rate:26%
Gross annual salary needed:$15,583
Other Household Types in Terre Haute
Related Pages
FAQ
What salary does a retiree need in Terre Haute?
A retiree needs approximately $15,583/year ($1,299/month gross) to live comfortably in Terre Haute with a 5% savings rate.
How much is rent for a retiree in Terre Haute?
A 1-2br senior-friendly in Terre Haute costs approximately $74/month, which is the largest single expense at 8% of the total budget.
Is Terre Haute affordable for a retiree?
Yes, Terre Haute is 26% more affordable than the national average for a retiree.