Salary & Cost of Living in Casper, WY
Casper, WY: $55,000 median salary, cost of living index 90, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,000
$26/hr
Cost of Living
90
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
Casper, WY Overview
Population
58,610
Median Salary
$55,000
Average Salary
$61,000
Avg Commute
15 min
Median Home Price
$250,000
Median Rent
$950/mo
Job Growth
+1%
Sales Tax
5.25%
Casper is located in Wyoming with a population of 58,610. The median household salary is $55,000 per year ($26/hour), which is $4,384 below the national median of $59,384. The average commute time is 15 minutes, and the city has a job growth rate of +1%.
Casper Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Casper, WY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,231
$3,852.58/month · $1,778.12/biweekly · Effective Rate: 15.9%
Gross Pay
$55,000
Federal Tax
-$4,562
State Tax
$0
Local Tax
$0
FICA
-$4,208
Net Pay
$46,231
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,583.33 | $55,000.00 |
| Federal Income Tax | -$380.13 | -$4,561.50 |
| Wyoming State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$284.17 | -$3,410.00 |
| Medicare (1.45%) | -$66.46 | -$797.50 |
| Net Take-Home Pay | $3,852.58 | $46,231.00 |
Salary Comparison: Casper vs Other Cities
See how Casper's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Casper, WY | $55,000 | 90 | $61,111 |
| National Average | $59,384 | 100 | $59,384 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
| Ontario, CA | $55,000 | 108 | $50,926 |
| New Haven, CT | $55,000 | 115 | $47,826 |
| Cape Coral, FL | $55,000 | 98 | $56,122 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Casper
Casper's cost of living index is 90 (national average = 100). Living in Casper is 10% less expensive than the national average.
Median Home Price
$250,000
Median Monthly Rent
$950
Annual Rent Cost
$11,400
Your Salary's Purchasing Power
Your $46,231 annual take-home pay in Casper has the purchasing power of approximately $51,368 in an average-cost US area. Your $55,000 salary stretches further here than in most US cities.
Top Industries in Casper
Casper's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,000.
Salary Tips for Casper Workers
- No state income tax advantage. Wyoming has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Casper's top industries include Energy, Healthcare, Education. Targeting roles in these sectors can help you earn above the $55,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Casper, WY?
The median salary in Casper, WY is $55,000 per year, or $26 per hour. The average salary is $61,000. This is $4,384 below the national median of $59,384.
What is the cost of living in Casper, WY?
Casper's cost of living index is 90 (national average = 100), meaning it is 10% less expensive compared to the national average. The median home price is $250,000 and the median monthly rent is $950.
What are the best industries in Casper?
The top industries in Casper, WY include Energy, Healthcare, Education. The city has a job growth rate of 1% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $55,000.
How does Casper's salary compare to other cities?
Casper's median salary of $55,000 is 7.4% below the national median of $59,384. However, when adjusted for cost of living (index: 90), the real purchasing power is approximately $61,111.
What is the minimum wage in Casper, WY?
The minimum wage in Casper, WY is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.