Median Salary
$83,704
Vs National Avg
Hourly Wage
$40.24
Dollars / Hr
Workforce
0.1k
Total Jobs
Growth
+4%
10-Year Outlook
Here is a comprehensive career guide for accountants considering Laramie, Wyoming.
A Career Analyst's Guide to Accounting in Laramie, WY
As a career analyst who has studied labor markets across the Mountain West, I often get asked about mid-sized college towns. Laramie, Wyoming, is a unique case. It’s not a booming metropolis like Denver, nor is it a sleepy rural town. It’s a university hub with a distinct economic engine. For an accountant, this presents a specific set of opportunities—stable, government-adjacent jobs and a low cost of living, but a limited number of high-paying corporate roles.
This guide cuts through the promotional fluff. If you are weighing a relocation to southeast Wyoming, here is the data-driven reality of building an accounting career in Laramie.
The Salary Picture: Where Laramie Stands
Let’s start with the numbers. In Laramie, the financial reality for an accountant is defined by a lower salary ceiling but a significantly lower cost of living.
- Median Salary: $83,704/year
- Hourly Rate: $40.24/hour
- National Average (Accountant): $86,080/year
- Jobs in Metro: 63 (Active listings at any given time)
- 10-Year Job Growth: 4%
Comparatively, Laramie’s median salary sits slightly below the national average. However, this data point is skewed by the high number of entry-level and government-sector roles. Senior accountants with specialized skills (audit, forensic accounting) can exceed $100,000, but they are the exception, not the rule.
Experience-Level Breakdown
Local salaries follow a standard progression, heavily influenced by the University of Wyoming and state government pay scales.
| Experience Level | Estimated Annual Salary | Typical Roles |
|---|---|---|
| Entry-Level | $55,000 - $68,000 | Staff Accountant, AP/AR Specialist, Bookkeeper |
| Mid-Level | $70,000 - $88,000 | Senior Accountant, Tax Associate, Government Auditor |
| Senior/Expert | $90,000 - $115,000+ | Controller, CFO, Senior Tax Manager, Audit Manager |
Comparison to Other Wyoming Cities
While Laramie is the third-largest metro in Wyoming, it trails the energy sector hubs in salary potential.
| City | Median Salary | Key Industries |
|---|---|---|
| Cheyenne | ~$88,500 | State Government, Insurance, Transportation |
| Casper | ~$92,000 | Oil & Gas, Energy, Mining |
| Laramie | $83,704 | Education (UW), Government, Light Manufacturing |
Insider Tip: Don’t chase the Laramie median strictly for salary. If you are moving from a high-cost coastal city, the $83,704 here will feel like a much larger number due to the cost of living index.
📊 Compensation Analysis
📈 Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
The purchasing power in Laramie is the primary draw for financial professionals. Wyoming has no state income tax, which immediately boosts your take-home pay compared to neighboring Colorado or Utah.
Monthly Budget Breakdown (Based on Median Salary)
Here is a realistic monthly budget for an accountant earning the median salary of $83,704.
- Gross Monthly Pay: $6,975
- Estimated Taxes (Fed + FICA): ~$1,500
- Net Monthly Income: $5,475
- Rent (1BR Average): $917
- Utilities/Internet: $200
- Groceries: $400
- Transportation (Gas/Car): $250
- Entertainment/Discretionary: $500
- Savings/Retirement: $1,200+
Can they afford to buy a home?
Yes, absolutely. The median home price in Laramie hovers around $350,000 - $380,000. With a monthly surplus of over $1,200, a down payment is achievable within a few years. Monthly mortgage payments (with taxes/insurance) for a starter home typically range from $1,800 to $2,100. While this is higher than rent, it is generally feasible for a household with two incomes or a senior accountant earning above the median.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Laramie's Major Employers
Laramie’s job market is not driven by Fortune 500 corporate headquarters. It is driven by institutions. If you are looking for a role here, you are generally looking at one of these sectors.
- University of Wyoming (UW): The largest employer in the county. The UW Foundation, Athletics, and central administration have massive finance departments. They offer stability and excellent benefits, though salaries are strictly capped by state pay grades.
- State of Wyoming Government: Laramie is the home of the Wyoming Department of Audit and the Wyoming Department of Revenue. These are premier spots for government accountants and auditors. Hiring is competitive and often follows a strict civil service timeline.
- Laramie County School District #1 (LCSD #1): While technically based in Cheyenne, they serve the Laramie area and employ numerous accountants for district-level finance and budgeting.
- Local CPA Firms: Firms like Hogan & Associates and Hirsh, Zander & Co. are the go-to for public accounting. They handle tax and audit for the local agricultural and small business sectors. They are the primary pipeline for CPA experience.
- Manufacturing & Industry: Companies like Laramie River Station (coal-fired power plant) and Union Pacific Railroad (maintenance facilities) require internal accountants for cost accounting and compliance.
- Healthcare: Ivinson Memorial Hospital and Cheyenne Regional Medical Center (nearby) have complex billing and finance departments requiring specialized healthcare accountants.
Hiring Trends: The market is stable but slow-moving. Public accounting firms hire seasonally (Jan-April for tax). Government and university jobs open sporadically; you must set up job alerts on the State of Wyoming Careers page and the UW Jobs portal.
Getting Licensed in Wyoming
If you plan to advance beyond a staff accountant role, you need your CPA license. Wyoming’s requirements are straightforward but strict.
- Education: 150 semester hours of college credit, including a bachelor’s degree. You must have specific coursework in accounting and business.
- The Exam: Pass all four sections of the Uniform CPA Examination (AUD, BEC, FAR, REG).
- Experience: One year (2,000 hours) of accounting experience verified by a licensed CPA.
- Ethics Exam: You must pass the Wyoming-specific ethics exam.
Costs & Timeline:
- Exam Fees: Approximately $1,500 - $2,000 (varies by jurisdiction).
- Application Fee: $150 (Wyoming State Board of Accountancy).
- Timeline: If you start with 150 credits, it typically takes 6-12 months to pass the exams and 1 year of work experience to receive the license.
Insider Tip: Wyoming is a "two-tier" state (or effectively so). You don't have to work in Wyoming to get licensed here, but if you plan to stay, it's best to get licensed early. The reciprocity with Colorado is excellent if you live in Laramie but commute to Cheyenne or Fort Collins.
Best Neighborhoods for Accountants
Laramie is divided by the railroad tracks and I-80. Commutes are rarely an issue (15 minutes max), but lifestyle varies.
| Neighborhood | Vibe | Commute to Downtown/UW | 1BR Rent Estimate |
|---|---|---|---|
| Downtown/Historic District | Walkable, older homes, near restaurants and bars. Popular with young professionals. | Walk/Bike | $1,000 - $1,250 |
| West Laramie | Residential, quiet, family-oriented. Close to the River path. | 5-10 mins | $900 - $1,100 |
| Eastside/Central | Affordable, mix of students and locals. Older apartments and duplexes. | 5-10 mins | $750 - $900 |
| North Laramie | Newer developments, larger homes, further from the core. | 10-15 mins | $950 - $1,200 |
| Sunrise/Grandview | Quiet, suburban feel, good for families. | 10-15 mins | $900 - $1,100 |
Recommendation: For a single accountant, Downtown offers the best lifestyle despite higher rent. For those looking to save aggressively, Eastside provides the lowest rent, allowing you to bank a significant portion of the $83,704 median salary.
The Long Game: Career Growth
In Laramie, career growth is less about rapid vertical climbing and more about specialization.
Specialty Premiums:
- Governmental Accounting: High demand in Laramie due to the university and state agencies. No premium salary, but high job security.
- Tax Accounting: Steady demand. CPAs in tax at local firms can eventually become partners, earning well above the median.
- Forensic Accounting: Niche. Usually requires working for the State of Wyoming or federal agencies (FBI, IRS) stationed in Cheyenne.
Advancement Paths:
The typical path is: Staff Accountant (Local Firm/Gov) → Senior Accountant (3-5 years) → Manager/Controller (5-10 years). Moving from Manager to Controller is the biggest salary jump, often pushing you past the $100,000 mark.
10-Year Outlook:
With a 4% job growth rate, the market is expanding slowly but steadily. The University of Wyoming continues to grow its endowment and research grants, requiring more sophisticated financial oversight. The energy sector in Wyoming is volatile (coal is down, but helium and uranium are emerging), which may create niche opportunities for cost accountants.
The Verdict: Is Laramie Right for You?
Deciding to move to Laramie requires weighing the financial freedom against career ambition.
| Pros | Cons |
|---|---|
| No State Income Tax: Increases take-home pay significantly. | Limited Job Market: Only 63 jobs available at any time; fewer opportunities for rapid job hopping. |
| Low Cost of Living: Rent is $917 on average; housing is affordable. | Lower Ceiling: The median salary of $83,704 is hard to break without moving into senior management. |
| Stable Employers: UW and State Government offer recession-proof jobs. | Isolation: 2 hours to Cheyenne, 2.5 hours to Fort Collins, 2.5 hours to Casper. |
| Lifestyle: Outdoor access (Snowy Range, Vedauwoo) is world-class. | Weather: Harsh winters with wind and snow; can be isolating. |
Final Recommendation
Move to Laramie if: You value work-life balance, outdoor recreation, and financial stability over maximizing your salary potential. It is an ideal place to raise a family, pay off student debt quickly, or work toward a CPA license in a low-stress environment.
Look elsewhere if: You are an ambitious corporate climber aiming for Fortune 500 finance roles or investment banking. Laramie does not support that trajectory.
FAQs
1. Is the University of Wyoming the only place to work?
No, but it is the biggest. If you want to work in public accounting, there are several mid-sized firms. If you want industry, you may need to look at manufacturing or the healthcare system.
2. How competitive are government jobs in Laramie?
Very. State jobs offer great pensions and benefits. Expect a long hiring process (2-3 months) and stiff competition from locals and UW graduates.
3. Can I work remotely for a company outside Wyoming while living in Laramie?
Yes. Internet infrastructure in Laramie is decent (fiber is available in many areas). This is a growing trend and a way to bypass the local salary ceiling. You can earn a Colorado salary while paying Wyoming rent and taxes.
4. Do I really need a CPA to succeed here?
To reach the $83,704 median and go beyond it, yes. Staff accountants without a CPA often cap out around $60,000 - $65,000. The CPA is the key to unlocking senior roles in Laramie.
5. What is the networking scene like?
Small but active. The Wyoming Society of CPAs has a local chapter. Networking happens mostly through UW alumni events and industry mixers. It’s a relationship-driven town; getting to know people face-to-face is essential.
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