Wyoming variant. This is a Wyoming-specific version of the Salary Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Salary Calculator.
A $72,495 salary goes much further in some states than others. Wyoming's median home value of $320,000, 0% top income tax rate, and 5.44% combined sales tax together define local purchasing power.
Salary vs. cost of living in Wyoming
Comparing a job offer across states means adjusting for taxes and housing, not just the headline number. In Wyoming, the median household earns $72,495 while the median home costs $320,000 - a price-to-income ratio of about 4.4x.
Because Wyoming has no state income tax, more of each raise reaches your bank account.
About taxes and housing in Wyoming
Wyoming levies no state income tax and also imposes no corporate income tax.
Wyoming has a low effective property tax rate near 0.58%, with median home values around $320,000.
Wyoming's economy is dominated by energy extraction, including coal, oil, and natural gas, along with tourism and ranching.
Worked example: housing affordability on $72,495
A common guideline caps housing at 28% of gross income - about $1,692/month in Wyoming. At 6.5% over 30 years with 20% down, that payment supports a home priced near $334,527, versus the state median of $320,000.
Quick reference
- State income tax: No state income tax
- State sales tax: 4% (plus 1.44% avg local)
- Median home value: $320,000
- Median household income: $72,495
- Effective property tax rate: 0.58%
- Avg auto insurance: $1,399/yr
Frequently Asked Questions
Is $72,495 a good salary in Wyoming?
It matches the Wyoming median household income, so it places you near the middle of local earners. Affordability depends heavily on the $320,000 median home price.
How much do I need to live comfortably in Wyoming?
Budgets vary, but the 50/30/20 rule on the $72,495 median income allots about $3,021/month to needs.