diff --git a/{{cookiecutter.project_slug}}/requirements/local.txt b/{{cookiecutter.project_slug}}/requirements/local.txt
index ee692c0ea2..6f81692285 100644
--- a/{{cookiecutter.project_slug}}/requirements/local.txt
+++ b/{{cookiecutter.project_slug}}/requirements/local.txt
@@ -5,7 +5,7 @@ ipdb==0.13.13  # https://github.com/gotcha/ipdb
 {%- if cookiecutter.use_docker == 'y' %}
 psycopg[c]==3.2.0  # https://github.com/psycopg/psycopg
 {%- else %}
-psycopg[binary]==3.1.19  # https://github.com/psycopg/psycopg
+psycopg[binary]==3.2.0  # https://github.com/psycopg/psycopg
 {%- endif %}
 {%- if cookiecutter.use_async == 'y' or cookiecutter.use_celery == 'y' %}
 watchfiles==0.22.0  # https://github.com/samuelcolvin/watchfiles