The Cost of Living in Wyoming - Moving.com (2024)

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 AreaVibesandRealtor.comfor 10 of the most popular cities in the state.

The cost of living in Wyoming

1. Buffalo
   

   Overall cost of living: The cost of living index score for Buffalo is 103. This is five percent higher than the Wyoming average and three percent higher than the national average.
   Cost of goods and services: Seven percent higher than the national average.
   Cost of groceries: Equal to the national average.
   Cost of healthcare: One percent higher than the national average.
   Median home list price: $295,000
   Median price per square foot: $174
   Median household income: $50,096

2. Cheyenne
   

   Overall cost of living: The cost of living index score for Cheyenne is 96. This is three percent lower than the Wyoming average and four percent lower than the national average.
   Cost of goods and services: Two percent lower than the national average.
   Cost of groceries: Six percent higher than the national average.
   Cost of healthcare: Six percent lower than the national average.
   Median home list price: $327,500
   Median price per square foot: $158
   Median household income: $58,895

3. Cody
   

   Overall cost of living: The cost of living index score for Cody is 100. This is one percent higher than the Wyoming average and equal to the national average.
   Cost of goods and services: Four percent higher than the national average.
   Cost of groceries: Equal to the national average.
   Cost of healthcare: Five percent lower than the national average.
   Median home list price: $429,000
   Median price per square foot: $226
   Median household income: $56,659

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4. Evanston
   

   Overall cost of living: The cost of living index score for Evanston is 93. This is six percent lower than the Wyoming average and seven percent lower than the national average.
   Cost of goods and services: Three percent lower than the national average.
   Cost of groceries: 10 percent lower than the national average.
   Cost of healthcare: Seven percent lower than the national average.
   Median home list price: $252,200
   Median price per square foot: $125
   Median household income: $45,313

5. Gillette
   

   Overall cost of living: The cost of living index score for Gillette is 102. This is three percent higher than the Wyoming average and two percent higher than the national average.
   Cost of goods and services: Seven percent higher than the national average.
   Cost of groceries: Equal to the national average.
   Cost of healthcare: One percent higher than the national average.
   Median home list price: $229,000
   Median price per square foot: $116
   Median household income: $75,984

6. Green River
   

   Overall cost of living: The cost of living index score for Green River is 97. This is two percent lower than the Wyoming average and three percent lower than the national average.
   Cost of goods and services: Three percent lower than the national average.
   Cost of groceries: 10 percent lower than the national average.
   Cost of healthcare: Seven percent lower than the national average.
   Median home list price: $254,700
   Median price per square foot: $115
   Median household income: $75,984

7. Jackson
   

   Overall cost of living: The cost of living index score for Jackson is 146. This is 47 percent higher than the Wyoming average and 46 percent higher than the national average.
   Cost of goods and services: Four percent higher than the national average.
   Cost of groceries: Equal to the national average.
   Cost of healthcare: Five percent lower than the national average.
   Median home list price: $2.46M
   Median price per square foot: $1.11K
   Median household income: $70,517

8. Lander
   

   Overall cost of living: The cost of living index score for Lander is 99. This is one percent higher than the Wyoming average and one percent lower than the national average.
   Cost of goods and services: seven percent higher than the national average.
   Cost of groceries: Equal to the national average.
   Cost of healthcare: One percent higher than the national average.
   Median home list price: $315,000
   Median price per square foot: $194
   Median household income: $52,500

9. Laramie
   

   Overall cost of living: The cost of living index score for Laramie is 98. This is one percent lower than the Wyoming average and two percent lower than the national average.
   Cost of goods and services: Two percent lower than the national average.
   Cost of groceries: Six percent higher than the national average.
   Cost of healthcare: Six percent lower than the national average.
   Median home list price: $307,000
   Median price per square foot: $160
   Median household income: $40,240

10. Rock Springs
    

    Overall cost of living: The cost of living index score for Rock Springs is 99. This is equal to the Wyoming average and one percent lower than the national average.
    Cost of goods and services: Three percent lower than the national average.
    Cost of groceries: 10 percent lower than the national average.
    Cost of healthcare: Seven percent lower than the national average.
    Median home list price: $242,000
    Median price per square foot: $117
    Median household income: $71,044

Moving soon?

To learn more about these Wyoming cities (and others), check out ourCity Profile Reportfeature, 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 reliablemoversmakes 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!