Wyoming Savings Goal Calculator
Plan your savings goals in Wyoming. Cost of living index 95.2, median income $65,003. See how long to save for your goal with interest.
How This Calculator Works
Calculation methodology and assumptions
Savings goal projection for Wyoming with cost-of-living context. Uses compound interest formula with monthly contributions. Wyoming's cost of living index of 95.2 (100 = national average) means your savings stretch further than in the average state. The COL-adjusted figure shows what your goal would be at the national average cost of living.
Key State Information
Wyoming savings context: Median income $65,003/yr | Cost of living 95.2 (below average) | Recommended 6-month emergency fund: $32,502 | No state income tax.
Frequently Asked Questions
How much should I save in Wyoming?
Financial experts recommend a 6-month emergency fund. In Wyoming (cost of living index 95.2), that's approximately $32,502 based on median income. Beyond that, aim to save 15-20% of gross income for retirement and other goals.
How long does it take to save $10,000 in Wyoming?
At Wyoming's median household income of $65,003, saving 15% ($813/mo) at 4.5% APY, you'd reach $10,000 in about 12 months. Higher contributions or returns shorten this timeline.
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