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Average Cost of Living in Wyoming: $47,832 per year. Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana. It also ranks among the top 20 most affordable states in the nation, according to MERIC data collected in 2022.
Wyoming gets a BestPlaces Cost of Living score of 97.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 2.5% lower than the U.S. average and 0.0% lower than the average for Wyoming.
The cost of living in Wyoming is below the national average due to low housing, utility, and grocery costs. Wyoming residents spend an average of $843 per month of rent, and the median home value is $140,200.
Compare the Cost of Living in Wyoming against another US State. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. See what you'll need to earn to keep your current standard of living wherever you choose to work and live.
Wyoming Cost of Living Index. Housing. Inflation Tables. Regional Price Parities by State
Compare cost of living in cities in Wyoming with factors like salaries, housing expenses, groceries, utilities and more.
Find out how expensive cost of living is in Wyoming, United States. Get a breakdown of food, housing, transportation, and health care cost.
For the fourth quarter of 2023, the Comparative Cost of Living Index ranked Teton (174) as the county with the highest All Items value, which indicates that the cost of living in Teton County was estimated 74 percent higher than the statewide average in the quarter.
Generally, the cost of living in Wyoming is low, but certain cities offer far much cheaper rent. You can get the most affordable rent in Rock Springs, Gillette, Cheyenne, Casper, and Laramie. A studio apartment could cost as little as $466 in some places, and a one-bedroom apartment as cheap as $677 per month.
Household income data is sourced from the U.S. Census Bureau’s most recent estimates. Find out what the cost of living in Wyoming is, how it compares to the national average, and see the cost of living in Wyoming’s largest cities.