Salary Needed to Live in Cheyenne as a Retiree
A retired individual (65+) needs approximately $18,882/year to live comfortably in Cheyenne, WY — including 5% savings.
Comfortable Salary
$18,882
with 5% savings
Bare Minimum
$17,589
no savings buffer
Monthly Expenses
$1,070
11% below national avg
Detailed Monthly Budget for a Retiree in Cheyenne
| Expense | Cheyenne | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $101 | $121 | -17% |
| 🛒 Groceries | $13 | $16 | -19% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $157 | $215 | -27% |
| 🏥 Health Insurance | $38 | $54 | -30% |
| Medicare Supplement | $190 | $200 | -5% |
| Prescription Drugs | $143 | $150 | -5% |
| Internet + Phone | $114 | $120 | -5% |
| Recreation & Social | $190 | $200 | -5% |
| Home Maintenance | $95 | $100 | -5% |
| Total Monthly | $1,070 | $1,209 | -11% |
How We Calculated the Salary
Monthly expenses:$1,070
Target savings (5%):$60/mo
Monthly after-tax needed:$1,130
Effective tax rate:27%
Gross annual salary needed:$18,882
Other Household Types in Cheyenne
Related Pages
FAQ
What salary does a retiree need in Cheyenne?
A retiree needs approximately $18,882/year ($1,574/month gross) to live comfortably in Cheyenne with a 5% savings rate.
How much is rent for a retiree in Cheyenne?
A 1-2br senior-friendly in Cheyenne costs approximately $101/month, which is the largest single expense at 9% of the total budget.
Is Cheyenne affordable for a retiree?
Yes, Cheyenne is 11% more affordable than the national average for a retiree.