Salary Needed to Live in Twin Falls as a Retiree
A retired individual (65+) needs approximately $19,747/year to live comfortably in Twin Falls, ID — including 5% savings.
Comfortable Salary
$19,747
with 5% savings
Bare Minimum
$18,395
no savings buffer
Monthly Expenses
$1,119
7% below national avg
Detailed Monthly Budget for a Retiree in Twin Falls
| Expense | Twin Falls | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $128 | $121 | +6% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $200 | $215 | -7% |
| 🏥 Health Insurance | $52 | $54 | -4% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,119 | $1,209 | -7% |
How We Calculated the Salary
Monthly expenses:$1,119
Target savings (5%):$63/mo
Monthly after-tax needed:$1,182
Effective tax rate:27%
Gross annual salary needed:$19,747
Other Household Types in Twin Falls
Related Pages
FAQ
What salary does a retiree need in Twin Falls?
A retiree needs approximately $19,747/year ($1,646/month gross) to live comfortably in Twin Falls with a 5% savings rate.
How much is rent for a retiree in Twin Falls?
A 1-2br senior-friendly in Twin Falls costs approximately $128/month, which is the largest single expense at 11% of the total budget.
Is Twin Falls affordable for a retiree?
Yes, Twin Falls is 7% more affordable than the national average for a retiree.