Is $40K a Good Salary in Cheyenne, WY?
Full budget breakdown for Cheyenne on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Cheyenne on $40K
US average equivalent
$45,000
Your $40K in Cheyenne (COL: 88) buys the same as $45,000/yr in a city with average US cost of living.
vs Cheyenne median
-33%
The median household income in Cheyenne is $60,000/yr. You're earning 33% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Cheyenne.
Other salary levels in Cheyenne
Frequently asked questions
Is $40K a good salary in Cheyenne?
$40K/year in Cheyenne gives you approximately $2,728/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,150/month, your rent burden is 42% of take-home — which is considered tight. Cheyenne is one of the more affordable cities for this salary, ranking #31 out of 179 cities.
How much is $40K after taxes in Cheyenne?
On $40K/year in Cheyenne (WY), you take home approximately $2,728/month after federal income tax, FICA (no state income tax in ${city.state_code}), and FICA. That is roughly $32,736/year net.
What is the cost of living in Cheyenne on $40K?
Monthly estimated costs in Cheyenne: rent $1,150, groceries ~$365, transportation ~$35, utilities ~$148, internet ~$68. Total estimated expenses: ~$1,766/month, leaving ~$962/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only