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Average Salary in Wyoming

In Wyoming, the median income is $49,160, but salaries across the state can differ greatly. In cities like Cheyenne and Midwest, the cost of living is notably higher, which is reflected in median salaries reaching $69,346 in Cheyenne, with 80% of salaries falling between $44,391 and $90,942.

However, in smaller cities or rural regions, such as Basin or Deaver, the median salary tends to be lower, which can make a significant difference in employee expectations.

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Wyoming Annual Salary Range

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What is a Good Salary in Wyoming?

What is considered a 'good' salary can vary based on factors like location, lifestyle, and industry. A salary in the range of $60,000 to $75,000 is generally considered comfortable for a single person in Wyoming. High-paying fields like mining, oil & gas and professional & business services can offer salaries reaching up to $90,000, while more common roles such as retail workers typically earn around $35,000 to $40,000.

Average Salary by Cities in Wyoming

The cost of living can vary widely from one city to another, and that impacts both how far salaries stretch and what professionals expect in terms of pay. Cities with higher living costs – like those with hot housing markets or tech hubs – tend to have higher salary expectations.

Familiarizing yourself with the average salary ranges per location can help you plan better and make sure your compensation packages are in line with local expectations to attract and retain top talent. Here’s a quick look at salary ranges across different cities in Wyoming, to get a sense of competitive salaries based on local factors:

CityMonthly SalaryAnnual Salary
Cheyenne$3,833$46,000
Casper$4,624$55,496
Laramie$4,238$50,858
Gillette$4,552$54,632
Rock Springs$4,707$56,487

Salary Earnings Based on Experience Level in Wyoming

Salaries naturally increase with experience – this applies to both new hires and existing team members. When planning for new positions, it's important to consider how salary ranges change at different seniority levels. This will help ensure you're meeting salary expectations, retain employees and create a fair working environment.

Here’s a breakdown of how monthly and annual salary ranges grow with experience in Wyoming:

Experience LevelMonthly SalaryAnnual Salary
Entry-Level Jobs (0-2 years experience)$3,661$43,932
Mid-Level Jobs (3-5 years experience)$5,051$60,610
Senior Roles & Managers$5,208$62,504
Executive & C-Level$7,493$89,924

Average Salaries by Job Title in Wyoming

Building a competitive compensation package means knowing what the going rate is for specific roles. We’ve compiled the most recent salary data by job title for Wyoming, making it easier for you to compare roles, match your offers with the market, and make sure your team is paid fairly.

Job TitleMonthly SalaryAnnual Salary
Software Developers$7,083$85,000
Marketing Managers$5,833$70,000
Financial Analysts$5,250$63,000
Human Resources Managers$7,083$85,000
Accountants and Auditors$5,417$65,000

Highest Paying Jobs in Wyoming

  • Petroleum Engineers: $120,000+
  • IT Managers: $115,000+
  • Nurse Anesthetists (CRNAs): $150,000+
  • Lawyers/Attorneys: $130,000+
  • Airline Pilots, Copilots, and Flight Engineers: $125,000+
  • Construction Managers: $105,000+
  • General Managers: $100,000+
  • Marketing Managers: $95,000+
  • Financial Managers: $95,000+
  • Operations Managers: $90,000+

Monthly Cost of Living in Wyoming

In Wyoming, the cost of living is significantly lower than the national average, making it an affordable state for residents. Housing expenses are about 20% lower than the national average, offering affordable options for both renters and homeowners. Utility costs are also lower, running about 5% below the national average. Transportation expenses, including gas prices, are slightly lower than the national average, with costs around 3% lower, thanks to the state’s more rural nature and lower traffic congestion.

Median Home Price
$364,012
Median Rent
$1,250
/ month
Energy Bill
$113
/ month
Phone Bill
$142
/ month
Gas
$3.15
/ gallon

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FAQs for Hiring in Wyoming

How is the average salary in Wyoming calculated?

The average salary in Wyoming is determined by compiling data from a variety of sources, including government labor statistics, private salary surveys, and data reported by employers. This information includes salaries across a broad spectrum of industries, positions, and experience levels. The calculation is typically based on mean or median income figures, which are adjusted to reflect factors such as hours worked, job responsibilities, and regional wage differences. Data is updated periodically to ensure accuracy, and these numbers help to establish a benchmark for assessing the general wage landscape in the state.

How does Wyoming's average salary compare to the national average?

Wyoming's average salary tends to be slightly below the national average, largely due to its smaller population size and economic structure. While the state has higher-than-average wages in specific industries, such as energy and mining, the overall average salary is generally lower than the national mean. However, it's important to note that salary comparisons can vary significantly by industry, with some sectors in Wyoming paying more than their national counterparts, especially in regions with a strong presence of natural resources and agriculture.

What factors influence salary variations within Wyoming?

Several factors contribute to salary variations within Wyoming. Key factors include the state's industry composition, with high-paying sectors like energy, mining, and natural resources driving wages upward in those areas. Geographic location also plays a role; urban areas like Cheyenne and Casper tend to offer higher salaries compared to rural regions due to demand for skilled workers and increased living costs. Additionally, levels of education, experience, and the availability of specialized skills can create wage disparities across different professions. The state's lower cost of living also influences salary expectations, as employers may adjust compensation to match regional economic conditions.

How does the cost of living in Wyoming affect salary value?

The cost of living in Wyoming is generally lower than in many other parts of the U.S., especially when compared to larger cities on the coasts. Housing, utilities, and general expenses tend to be more affordable, meaning that salaries may go further in Wyoming than in higher-cost states. While salaries might be lower than the national average, the purchasing power in Wyoming can be relatively strong, especially for workers who live outside of major urban centers. This affordability can influence both the salaries employers offer and the lifestyle that residents can maintain with their earnings.

What are the fastest-growing industries for jobs in Wyoming?

Wyoming's fastest-growing industries are primarily driven by the state's natural resources, energy sector, and tourism. The energy sector, including oil, gas, and renewable energy, remains a significant driver of job growth in Wyoming. Additionally, healthcare, education, and professional services are seeing growth as the population of the state increases, and there is a rising demand for healthcare professionals. The state's tourism industry is also expanding, driven by attractions such as Yellowstone National Park and outdoor recreational activities. As the state diversifies its economy, technology-related jobs and remote work opportunities are also on the rise.

What types of employee benefits are most common in Wyoming?

In Wyoming, employee benefits tend to align closely with national trends, though some regional factors may influence specific offerings. Common benefits include health insurance, retirement plans (such as 401(k) contributions), and paid time off (PTO). Many employers also provide life insurance, disability insurance, and employee assistance programs. Given Wyoming's unique geography and industry focus, some businesses offer benefits that cater to workers in remote areas, such as housing assistance or relocation benefits. In energy and tech sectors, there are also incentives like profit-sharing or performance bonuses to attract specialized talent.

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