Salary & Cost of Living in Cheyenne, WY
Cheyenne, WY: $56,000 median salary, cost of living index 92, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$56,000
$27/hr
Cost of Living
92
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3%
rate
Cheyenne, WY Overview
Population
64,235
Median Salary
$56,000
Average Salary
$62,000
Avg Commute
16 min
Median Home Price
$280,000
Median Rent
$1,000/mo
Job Growth
+1.2%
Sales Tax
6%
Cheyenne is located in Wyoming with a population of 64,235. The median household salary is $56,000 per year ($27/hour), which is $3,384 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +1.2%.
Cheyenne Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Cheyenne, WY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,035
$3,919.54/month · $1,809.02/biweekly · Effective Rate: 16.0%
Gross Pay
$56,000
Federal Tax
-$4,682
State Tax
$0
Local Tax
$0
FICA
-$4,284
Net Pay
$47,035
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,666.67 | $56,000.00 |
| Federal Income Tax | -$390.13 | -$4,681.50 |
| Wyoming State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$289.33 | -$3,472.00 |
| Medicare (1.45%) | -$67.67 | -$812.00 |
| Net Take-Home Pay | $3,919.54 | $47,034.50 |
Salary Comparison: Cheyenne vs Other Cities
See how Cheyenne's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Cheyenne, WY | $56,000 | 92 | $60,870 |
| National Average | $59,384 | 100 | $59,384 |
| Port St. Lucie, FL | $56,000 | 96 | $58,333 |
| Peoria, IL | $56,000 | 85 | $65,882 |
| Helena, MT | $56,000 | 95 | $58,947 |
| Grand Prairie, TX | $56,000 | 90 | $62,222 |
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 Cheyenne
Cheyenne's cost of living index is 92 (national average = 100). Living in Cheyenne is 8% less expensive than the national average.
Median Home Price
$280,000
Median Monthly Rent
$1,000
Annual Rent Cost
$12,000
Your Salary's Purchasing Power
Your $47,035 annual take-home pay in Cheyenne has the purchasing power of approximately $51,124 in an average-cost US area. Your $56,000 salary stretches further here than in most US cities.
Top Industries in Cheyenne
Cheyenne's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $56,000.
Salary Tips for Cheyenne 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. Cheyenne's top industries include Government, Military, Transportation. Targeting roles in these sectors can help you earn above the $56,000 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 Cheyenne, WY?
The median salary in Cheyenne, WY is $56,000 per year, or $27 per hour. The average salary is $62,000. This is $3,384 below the national median of $59,384.
What is the cost of living in Cheyenne, WY?
Cheyenne's cost of living index is 92 (national average = 100), meaning it is 8% less expensive compared to the national average. The median home price is $280,000 and the median monthly rent is $1,000.
What are the best industries in Cheyenne?
The top industries in Cheyenne, WY include Government, Military, Transportation. The city has a job growth rate of 1.2% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $56,000.
How does Cheyenne's salary compare to other cities?
Cheyenne's median salary of $56,000 is 5.7% below the national median of $59,384. However, when adjusted for cost of living (index: 92), the real purchasing power is approximately $60,870.
What is the minimum wage in Cheyenne, WY?
The minimum wage in Cheyenne, 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.