Wyoming Salary Calculator

Wyoming Income Tax Overview (2026)

Wyoming has no state income tax — one of only nine states. It also has no corporate income tax. Wyoming is popular as a state for business formation and asset protection trusts. Revenue comes from a 4% sales tax and energy severance taxes.

In addition to state tax, all Wyoming workers pay federal income tax (10%–37% marginal rates) and FICA — Social Security (6.2%) and Medicare (1.45%), totaling 7.65% of gross wages. Voluntary deductions like 401(k) contributions or health insurance premiums further reduce taxable income.

Cost of Living in Wyoming

Wyoming has moderate housing costs. Cheyenne median home prices are around $320,000. Jackson Hole is extremely expensive ($1 million+) due to tourism and wealthy second-home buyers. Most of the state is affordable.

When evaluating a job offer in Wyoming, consider not just the salary but total compensation — employer benefits, retirement match, and location-specific costs. A $70,000 salary in a low cost-of-living Wyoming city may be more livable than $85,000 in a high-cost metro.

Top Industries and Employers in Wyoming

Wyoming's economy is anchored by energy (oil, gas, coal), agriculture, tourism (Yellowstone, Grand Teton), federal government. The state median household income is approximately $58,000 per year, though this varies significantly by region and occupation.

Wyoming follows the federal minimum wage floor of $7.25/hour, so entry-level pay here is set largely by employer competition rather than state law, and the state's $58,000 median household income sits close to the national average, with energy as the largest single influence on local pay scales.

How Wyoming Compares to Other States

Because Wyoming has no state income tax, residents keep significantly more of each paycheck than in neighboring states. For a $75,000 salary, the difference between Wyoming and a high-tax state like California can exceed $6,000 per year.

For workers evaluating a potential relocation, state income tax is just one factor. Property taxes, sales taxes, cost of living, job market depth, and quality of public services all contribute to the complete financial picture. Use our Salary Calculator to compare take-home pay across all 50 states side by side.

How to Calculate Your Wyoming Take-Home Pay

Your net pay is your gross salary minus: (1) federal income tax based on your bracket and filing status, (2) FICA at 7.65% of gross wages, (3) Wyoming state income tax (zero in Wyoming), and (4) any voluntary deductions such as 401(k), HSA, or health insurance premiums. The calculator above handles steps 1–3 automatically.

Tax-Advantaged Strategies for Wyoming Workers

Regardless of your state tax rate, contributing to pre-tax retirement accounts like a 401(k) or traditional IRA reduces your federal taxable income dollar for dollar. In 2026, you can contribute up to $24,500 to a 401(k) and $7,500 to an IRA. For someone earning $60,000 in Wyoming, maxing the 401(k) reduces federal taxable income by $24,500 — saving approximately $2,940 in federal tax (at 12% marginal rate) plus the full FICA contribution on deferred amounts.