Salary Needed to Live in Trenton as a Retiree
A retired individual (65+) needs approximately $22,173/year to live comfortably in Trenton, NJ — including 5% savings.
Comfortable Salary
$22,173
with 5% savings
Bare Minimum
$20,633
no savings buffer
Monthly Expenses
$1,238
1% above national avg
Detailed Monthly Budget for a Retiree in Trenton
| Expense | Trenton | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $123 | $121 | +2% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $200 | $229 | -13% |
| 🏥 Health Insurance | $56 | $58 | -3% |
| Medicare Supplement | $210 | $200 | +5% |
| Prescription Drugs | $158 | $150 | +5% |
| Internet + Phone | $126 | $120 | +5% |
| Recreation & Social | $210 | $200 | +5% |
| Home Maintenance | $105 | $100 | +5% |
| Total Monthly | $1,238 | $1,227 | +1% |
How We Calculated the Salary
Monthly expenses:$1,238
Target savings (5%):$70/mo
Monthly after-tax needed:$1,308
Effective tax rate:28%
Gross annual salary needed:$22,173
Other Household Types in Trenton
Related Pages
FAQ
What salary does a retiree need in Trenton?
A retiree needs approximately $22,173/year ($1,848/month gross) to live comfortably in Trenton with a 5% savings rate.
How much is rent for a retiree in Trenton?
A 1-2br senior-friendly in Trenton costs approximately $123/month, which is the largest single expense at 10% of the total budget.
Is Trenton affordable for a retiree?
Trenton is roughly average for retiree costs, requiring a salary close to the national median.