Salary Needed to Live in Laramie as a Retiree
A retired individual (65+) needs approximately $20,012/year to live comfortably in Laramie, WY — including 5% savings.
Comfortable Salary
$20,012
with 5% savings
Bare Minimum
$18,641
no savings buffer
Monthly Expenses
$1,134
6% below national avg
Detailed Monthly Budget for a Retiree in Laramie
| Expense | Laramie | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $145 | $121 | +20% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $181 | $215 | -16% |
| 🏥 Health Insurance | $43 | $54 | -20% |
| Medicare Supplement | $188 | $200 | -6% |
| Prescription Drugs | $141 | $150 | -6% |
| Internet + Phone | $113 | $120 | -6% |
| Recreation & Social | $188 | $200 | -6% |
| Home Maintenance | $94 | $100 | -6% |
| Total Monthly | $1,134 | $1,209 | -6% |
How We Calculated the Salary
Monthly expenses:$1,134
Target savings (5%):$64/mo
Monthly after-tax needed:$1,198
Effective tax rate:27%
Gross annual salary needed:$20,012
Other Household Types in Laramie
Related Pages
FAQ
What salary does a retiree need in Laramie?
A retiree needs approximately $20,012/year ($1,668/month gross) to live comfortably in Laramie with a 5% savings rate.
How much is rent for a retiree in Laramie?
A 1-2br senior-friendly in Laramie costs approximately $145/month, which is the largest single expense at 13% of the total budget.
Is Laramie affordable for a retiree?
Yes, Laramie is 6% more affordable than the national average for a retiree.