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Cost of Living in Wyoming

Is it better to rent or buy in Wyoming? 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.

$79,713
$1,058/mo

Median in area: $1,058

$368,291

Median in area: $368,291

$73,658

If you Rent

🔑
$1,301 /mo
Base Rent$1,058
Est. Utilities$243
% of Income19.6%
Pre-tax Residual$5,342

If you Buy

🏠
$2,476 /mo
P&I (6.851%)$1,931
Taxes & Ins$302
Est. Utilities$243
% of Income37.3%
Pre-tax Residual$4,167

Cost of Living FAQs

Is it cheaper to rent or buy in Wyoming?›

Based on median housing data, renting is currently more affordable on a monthly basis in Wyoming. The estimated all-in monthly cost for renting is $1,301, while owning a median-priced home with a 20% down payment is roughly $2,476 per month (a difference of $1,175).

How much do utilities cost in Wyoming?›

The average monthly utility cost (electricity and natural gas) for a typical home in Wyoming is approximately $243. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Wyoming?›

To comfortably afford the median rent and utilities in Wyoming without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,040 per year.