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Cost of Living in Laramie County

Is it better to rent or buy in Laramie County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$83,663
$1,260/mo

Median in area: $1,260

$341,680

Median in area: $341,680

$68,336

If you Rent

🔑
$1,555 /mo
Base Rent$1,260
Est. Utilities$295
% of Income22.3%
Pre-tax Residual$5,417

If you Buy

🏠
$2,440 /mo
P&I (6.97%)$1,813
Taxes & Ins$332
Est. Utilities$295
% of Income35.0%
Pre-tax Residual$4,532

Compare Nearby Areas

See how Laramie County stacks up against neighboring areas.

countyKimball County, NE
$846/mo
countyPlatte County, WY
$909/mo
countyGoshen County, WY
$755/mo
countyAlbany County, WY
$1,025/mo
countyWeld County, CO
$1,795/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Laramie County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Laramie County. The estimated all-in monthly cost for renting is $1,555, while owning a median-priced home with a 20% down payment is roughly $2,440 per month (a difference of $885).

How much do utilities cost in Laramie County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Laramie County is approximately $295. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Laramie County?›

To comfortably afford the median rent and utilities in Laramie County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $62,200 per year.