Salary Needed to Live in Worcester as a Retiree
A retired individual (65+) needs approximately $23,731/year to live comfortably in Worcester, MA — including 5% savings.
Comfortable Salary
$23,731
with 5% savings
Bare Minimum
$22,083
no savings buffer
Monthly Expenses
$1,325
8% above national avg
Detailed Monthly Budget for a Retiree in Worcester
| Expense | Worcester | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $151 | $121 | +25% |
| 🛒 Groceries | $24 | $16 | +50% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $190 | $229 | -17% |
| 🏥 Health Insurance | $67 | $58 | +16% |
| Medicare Supplement | $224 | $200 | +12% |
| Prescription Drugs | $168 | $150 | +12% |
| Internet + Phone | $134 | $120 | +12% |
| Recreation & Social | $224 | $200 | +12% |
| Home Maintenance | $112 | $100 | +12% |
| Total Monthly | $1,325 | $1,227 | +8% |
How We Calculated the Salary
Monthly expenses:$1,325
Target savings (5%):$75/mo
Monthly after-tax needed:$1,400
Effective tax rate:28%
Gross annual salary needed:$23,731
Other Household Types in Worcester
Related Pages
FAQ
What salary does a retiree need in Worcester?
A retiree needs approximately $23,731/year ($1,978/month gross) to live comfortably in Worcester with a 5% savings rate.
How much is rent for a retiree in Worcester?
A 1-2br senior-friendly in Worcester costs approximately $151/month, which is the largest single expense at 11% of the total budget.
Is Worcester affordable for a retiree?
Worcester is roughly average for retiree costs, requiring a salary close to the national median.