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Psychologist Salary in Wyoming: Cost of Living Adjusted (2024)

What does a Psychologist salary really buy you in Wyoming?

Wyoming is 8.1% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$79,890
Median annual (2024)
+8.8%
Real Purchasing Power
$86,931
COL-adjusted (RPP=91.9)

Wyoming Cost of Living Index

Wyoming's Regional Price Parity (RPP) is 91.9, meaning prices are 8.1% lower the national average. A Psychologist earning $79,890 in Wyoming has the equivalent purchasing power of $86,931 in an average-cost US state.

WY: 91.9
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Wyoming's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $54,280 $59,064 +$4,784
25th Percentile (P25) $67,530 $73,482 +$5,952
Median (P50) $79,890 $86,931 +$7,041
75th Percentile (P75) $86,030 $93,612 +$7,582
90th Percentile (P90) $105,510 $114,809 +$9,299
Key Insight

A Psychologist in Wyoming earns $79,890 on paper, but low living costs mean your money goes 9% further — like earning $86,931 in an average-cost state. This makes Wyoming one of the best value states for this occupation.

Best States for Psychologist (After Cost of Living)

Where does Psychologist salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$130,290
RPP 89.4
2. Oregon
$124,343
RPP 106.6
$123,421
RPP 102.3
$123,010
RPP 88.7
5. Alabama
$114,259
RPP 87.8
$112,524
RPP 92.3
7. Ohio
$111,792
RPP 91.5
8. Iowa
$111,515
RPP 88.4
$111,346
RPP 98.0
10. Nevada
$107,375
RPP 96.4

Wyoming ranks #32 out of 45 states for Psychologist after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Psychologist in Wyoming after cost of living?

A Psychologist in Wyoming earns a median salary of $79,890 per year. After adjusting for Wyoming's cost of living (RPP=91.9), the real purchasing power is $86,931 — a +8.8% difference.

Is Wyoming expensive to live in?

Wyoming's cost of living is 8.1% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Wyoming is 91.9 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Psychologist in Wyoming: $79,890 x (100 / 91.9) = $86,931. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Psychologist in Wyoming financially?

From a purchasing power perspective, yes. A Psychologist in Wyoming enjoys 8.8% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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