The $100,000 Salary Analysis for Laramie

This guide breaks down the reality of a $100,000 annual salary in Laramie, Wyoming. It focuses on net income, purchasing power, and the tax burden. All figures are estimates based on current tax laws and local market data.

1. The Verification Test: Your Real Take-Home Pay

A $100,000 salary is the gross figure. The government takes its share before you see a dime. Wyoming has no state income tax, which is a significant advantage.

• Gross Salary: $100,000
• Federal Income Tax: Estimated at $14,000 (Single Filer, Standard Deduction).
• FICA (Social Security & Medicare): $7,650 (7.65% of gross).
• State Income Tax: $0 (Wyoming does not levy a state income tax on wages).

Estimated Net Pay (Annual): $78,350
Estimated Net Pay (Monthly): $6,529

2. Smart Budget (50/30/20 Rule)

Using the 50/30/20 rule, your monthly budget is allocated based on your net pay of $6,529.

Needs (50%): $3,265/month

This covers essential living expenses.

• Rent (1BR): $917
• Utilities (Electric, Heat, Water, Internet): $250
• Groceries: $400
• Transportation (Gas/Car Maintenance): $300
• Insurance (Health/Auto): $400
• Remaining for Misc. Needs: $998

Wants (30%): $1,958/month

Discretionary spending.

• Dining out, entertainment, subscriptions, hobbies, and travel.

Savings (20%): $1,306/month

• Retirement contributions (401k/IRA), emergency fund, or investments.

3. Laramie Tax Context

Wyoming is a "tax haven" compared to most states.

• vs. High-Tax (CA/NY): In California or NYC, a $100k salary would face state/local income taxes ranging from 8% to 12%+. Your net pay would drop to roughly $70,000.
• vs. Low-Tax (TX/FL): Texas and Florida also have $0 state income tax. The tax burden is identical to Wyoming.
• The Trade-off: Wyoming offsets the lack of income tax with higher property taxes and sales taxes, though Laramie's specific rates are moderate.

4. FAQ

"Is $100k good here?"
Yes. It is significantly above the local median household income. You will live comfortably, afford the median rent with ease, and have substantial funds left for savings and wants. However, it is not "wealthy" status; it is a solid upper-middle-class living standard.

"Local income tax?"
No. Laramie does not have a local (city or county) income tax. You only pay Federal and FICA.