The Cost of Living in Wyoming

Thinking about moving to Wyoming? From the wide-open spaces and gorgeous scenery to the many outdoor activities and popular parks, Wyoming is one of the most beautiful places to live (and visit) in the U.S. It’s also one of the most affordable. According to AreaVibes, the overall cost of living index score for the State of Wyoming is 99, which is one percent lower than the national average. Affordable home prices, above average incomes, and lower than average unemployment rates make Wyoming a fantastic place for anyone seeking a less expensive lifestyle.

So, how much do Wyoming residents earn? According to the latest Census data, the median household income is $64,049. This above average income, combined with no state income tax, means residents can save money easily. According to SmartAsset, Wyoming also has exceptionally low state sales taxes and property taxes. In fact, the state property tax rate is the 10 th -lowest in the country. Given that residents won’t have to pay taxes on any income (earned or otherwise), Wyoming is a fantastic place for families, retirees and professionals to grow their savings and enjoy the fruits of their labor.

With the exception of expensive resort towns (think: Jackson), real estate is also very affordable in Wyoming. Census data reports that the median value of a home in Wyoming is $220,500. According to the Wall Street Journal, the median home price in the U.S. is $363,300, making Wyoming’s real estate market plenty reasonable. For a more in-depth look at the cost of living in Wyoming, we’ve rounded up cost of living data from AreaVibes and Realtor.com for 10 of the most popular cities in the state.

The cost of living in Wyoming

Buffalo

Cheyenne

Cody

Evanston

Gillette

Green River

Jackson

Lander

Laramie

Rock Springs

Moving soon?

To learn more about these Wyoming cities (and others), check out our City Profile Report feature, which includes city demographics, real estate information, quality of life factors and more. Simply enter the zip code or the state and city of your potential move to get a free report at the click of a button. If you think you want to make one of these cities your new home, you may need to hire professionals to handle your relocation. Fortunately, our extensive network of reputable and reliable movers makes it easy to book the best moving company for the job. All relocation companies in our network are licensed and insured, so you can rest assured that your move will be in good hands. Best of luck and happy moving!