Salary Needed to Live in Casper as a Retiree
A retired individual (65+) needs approximately $49,959/year to live comfortably in Casper, WY, including 5% savings.
Direct Answer
A retiree needs about $49,959/year to live comfortably in Casper, WY. The bare-minimum salary is $46,537/year, but the comfortable figure includes a 5% savings target and a monthly after-tax budget of $2,991.
The minimum scenario leaves about $2,831/mo after tax and no planned savings. The comfortable scenario uses $4,163/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$49,959
with 5% savings
Bare Minimum
$46,537
$3,878/mo gross, no savings buffer
Monthly Expenses
$2,831
23% below national avg
Detailed Monthly Budget for a Retiree in Casper
| Expense | Casper | Nat'l Avg | Diff |
|---|---|---|---|
| 1-2BR Senior-Friendly Rent | $757 | $1,448 | -48% |
| Groceries | $215 | $189 | +14% |
| Utilities | $170 | $183 | -7% |
| Transportation | $179 | $211 | -15% |
| Car Insurance | $145 | $215 | -33% |
| Health Insurance | $657 | $642 | +2% |
| Medicare Supplement | $184 | $200 | -8% |
| Prescription Drugs | $138 | $150 | -8% |
| Internet + Phone | $110 | $120 | -8% |
| Recreation & Social | $184 | $200 | -8% |
| Home Maintenance | $92 | $100 | -8% |
| Total Monthly | $2,831 | $3,658 | -23% |
How We Calculated the Salary
Monthly expenses:$2,831
Target savings (5%):$160/mo
Monthly after-tax needed:$2,991
Effective tax rate:27%
Gross annual salary needed:$49,959
What Drives the Salary Number?
Housing
$757
1-2BR Senior-Friendly rent is 27% of this monthly budget.
Taxes
27%
Estimated federal plus WY state tax reserve used to convert take-home needs into gross salary.
Savings target
5%
$160/mo is reserved for savings so the salary is not just break-even.
Local index
92/100
Casper 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 1-2br senior-friendly housing near $757/mo or adjust the salary target upward.
- Budget $708/mo for persona-specific costs such as Medicare Supplement and Prescription Drugs.
- Use $46,537/year as the survival floor and $49,959/year as the healthier negotiation target.
Other Household Types in Casper
Related Pages
FAQ
What salary does a retiree need in Casper?
A retiree needs approximately $49,959/year ($4,163/month gross) to live comfortably in Casper with a 5% savings rate.
How much is rent for a retiree in Casper?
A 1-2br senior-friendly in Casper costs approximately $757/month, which is the largest single expense at 27% of the total budget.
Is Casper affordable for a retiree?
Yes, Casper is 23% more affordable than the national average for a retiree.