Salary Needed to Live in Yonkers as a Retiree
A retired individual (65+) needs approximately $29,319/year to live comfortably in Yonkers, NY — including 5% savings.
Comfortable Salary
$29,319
with 5% savings
Bare Minimum
$27,283
no savings buffer
Monthly Expenses
$1,637
33% above national avg
Detailed Monthly Budget for a Retiree in Yonkers
| Expense | Yonkers | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $177 | $121 | +46% |
| 🛒 Groceries | $25 | $16 | +56% |
| ⚡ Utilities | $20 | $15 | +33% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $230 | $229 | 0% |
| 🏥 Health Insurance | $67 | $58 | +16% |
| Medicare Supplement | $284 | $200 | +42% |
| Prescription Drugs | $213 | $150 | +42% |
| Internet + Phone | $170 | $120 | +42% |
| Recreation & Social | $284 | $200 | +42% |
| Home Maintenance | $142 | $100 | +42% |
| Total Monthly | $1,637 | $1,227 | +33% |
How We Calculated the Salary
Monthly expenses:$1,637
Target savings (5%):$93/mo
Monthly after-tax needed:$1,730
Effective tax rate:28%
Gross annual salary needed:$29,319
Other Household Types in Yonkers
Related Pages
FAQ
What salary does a retiree need in Yonkers?
A retiree needs approximately $29,319/year ($2,443/month gross) to live comfortably in Yonkers with a 5% savings rate.
How much is rent for a retiree in Yonkers?
A 1-2br senior-friendly in Yonkers costs approximately $177/month, which is the largest single expense at 11% of the total budget.
Is Yonkers affordable for a retiree?
Yonkers is above the national average for retiree living costs, requiring 33% more salary than the US median.