Salary Needed to Live in Wilmington as a Retiree
A retired individual (65+) needs approximately $21,278/year to live comfortably in Wilmington, DE — including 5% savings.
Comfortable Salary
$21,278
with 5% savings
Bare Minimum
$19,800
no savings buffer
Monthly Expenses
$1,188
3% below national avg
Detailed Monthly Budget for a Retiree in Wilmington
| Expense | Wilmington | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $98 | $121 | -19% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $206 | $229 | -10% |
| 🏥 Health Insurance | $51 | $58 | -12% |
| 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 | $1,188 | $1,227 | -3% |
How We Calculated the Salary
Monthly expenses:$1,188
Target savings (5%):$67/mo
Monthly after-tax needed:$1,255
Effective tax rate:28%
Gross annual salary needed:$21,278
Other Household Types in Wilmington
Related Pages
FAQ
What salary does a retiree need in Wilmington?
A retiree needs approximately $21,278/year ($1,773/month gross) to live comfortably in Wilmington with a 5% savings rate.
How much is rent for a retiree in Wilmington?
A 1-2br senior-friendly in Wilmington costs approximately $98/month, which is the largest single expense at 8% of the total budget.
Is Wilmington affordable for a retiree?
Wilmington is roughly average for retiree costs, requiring a salary close to the national median.