Salary Needed to Live in Laramie as a Single
A single adult living independently needs approximately $47,981/year to live comfortably in Laramie, WY, including 10% savings.
Direct Answer
A single person needs about $47,981/year to live comfortably in Laramie, WY. The bare-minimum salary is $41,408/year, but the comfortable figure includes a 10% savings target and a monthly after-tax budget of $2,843.
The minimum scenario leaves about $2,519/mo after tax and no planned savings. The comfortable scenario uses $3,998/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$47,981
with 10% savings
Bare Minimum
$41,408
$3,451/mo gross, no savings buffer
Monthly Expenses
$2,519
29% below national avg
Detailed Monthly Budget for a Single in Laramie
| Expense | Laramie | Nat'l Avg | Diff |
|---|---|---|---|
| Studio/1BR Rent | $648 | $1,351 | -52% |
| Groceries | $207 | $207 | 0% |
| Utilities | $140 | $169 | -17% |
| Transportation | $224 | $316 | -29% |
| Car Insurance | $181 | $215 | -16% |
| Health Insurance | $512 | $642 | -20% |
| Internet | $61 | $65 | -6% |
| Phone | $80 | $85 | -6% |
| Dining & Social | $282 | $300 | -6% |
| Entertainment | $113 | $120 | -6% |
| Personal Care | $71 | $75 | -5% |
| Total Monthly | $2,519 | $3,545 | -29% |
How We Calculated the Salary
Monthly expenses:$2,519
Target savings (10%):$324/mo
Monthly after-tax needed:$2,843
Effective tax rate:27%
Gross annual salary needed:$47,981
What Drives the Salary Number?
Housing
$648
Studio/1BR rent is 26% of this monthly budget.
Taxes
27%
Estimated federal plus WY state tax reserve used to convert take-home needs into gross salary.
Savings target
10%
$324/mo is reserved for savings so the salary is not just break-even.
Local index
94/100
Laramie is below the national baseline; the model adjusts baseline spending by local rent and cost data.
Compare Salary Needed in Nearby west Cities
Salary Planning Checklist
- Keep studio/1br housing near $648/mo or adjust the salary target upward.
- Budget $607/mo for persona-specific costs such as Internet and Phone.
- Use $41,408/year as the survival floor and $47,981/year as the healthier negotiation target.
Other Household Types in Laramie
Related Pages
FAQ
What salary does a single person need in Laramie?
A single person needs approximately $47,981/year ($3,998/month gross) to live comfortably in Laramie with a 10% savings rate.
How much is rent for a single person in Laramie?
A studio/1br in Laramie costs approximately $648/month, which is the largest single expense at 26% of the total budget.
Is Laramie affordable for a single person?
Yes, Laramie is 29% more affordable than the national average for a single person.