What Is the Average Cost of Living in Wyoming in 2025?

Considering a move to Wyoming? The state offers a welcoming blend of open spaces, a strong sense of community, and vibrant economic regions such as Cheyenne, Casper, and Laramie. Therefore, it’s an attractive choice for many people looking for a balance between affordability and active living.

Wyoming’s cost-of-living index sits at 93.7 in 2025, or about 6% below the US average. As a result, the average cost of living in Wyoming is lower than in major Rocky Mountain states like Colorado and Minnesota. Here’s what newcomers need to know about expenses—from housing and utilities to transportation.

Understanding Wyoming’s Average Cost of Living

The average cost of living in Wyoming gives residents a real financial advantage. Households can expect to need just $56,000–$57,000 each year to enjoy a middle-class lifestyle. Therefore, Wyoming is much cheaper than Colorado and Minnesota, where salaries must be much higher to cover similar expenses.

Monthly spending for basics:

• Rent (1-bedroom): $850–$1,100
• Utilities: 6%–10% less than the national average
• Groceries: $4,900–$5,200 yearly per person
• Transportation: 8%–18% lower than nearby states
• Daycare/Preschool: $750–$1,050

In Cheyenne and Casper, for instance, newcomers quickly see how their budget stretches. Laramie and Rock Springs also provide affordable housing and a welcoming vibe.

Housing and Rental Market in Wyoming

Renters and buyers often find Wyoming’s housing market refreshing. Meanwhile, the average cost of living in Wyoming is strongly influenced by housing affordability.

The statewide median rent for a 1-bedroom ranges from $850–$1,100. This is 15%–30% lower compared to similar Colorado cities. Also, Wyoming’s rents are 10%–20% less than Montana’s averages and nearly match Idaho’s numbers.

Comparing Wyoming’s rent and home prices:

• vs. Colorado: 1-bed rent 15%–30% lower; median home price is 20% less
• vs. Montana: 1-bed rent 10%–20% lower; home price 32% less in cities
• vs. Idaho: Rentals now close; home prices are about 24% lower
• vs. Texas: Rents are a bit higher for some units; home prices 13% above the Texas median

Meanwhile, Jackson Hole’s vacation appeal pushes averages up, but outside tourist towns, Wyoming has better value than any bordering state.

👉 Looking for homes for sale in Wyoming that match your budget? Discover the latest listings with advanced search filters and sorting options on Houzeo, America’s best home buying website.

Utilities and Everyday Expenses in Wyoming

Wyoming’s utility costs often surprise newcomers—in a good way. The average monthly utility bill is 6%–10% below nationwide figures. Utilities are also 5%–10% lower than in Montana and Colorado.

• vs. Texas: Utility costs nearly match
• vs. Idaho: Wyoming is more expensive thanks to winter heating needs
• vs. Montana/Colorado: 5%–10% cheaper

Groceries in Wyoming are very affordable, as well. As a result, residents pay just under the US average, with costs indexed at 99.6. Annual food costs are around $4,900–$5,200 per person, slightly more than in Idaho but below Texas and Minnesota.

When it comes to getting around, transportation in Wyoming is a major budget-booster. With an index of 91.5, residents save money on gas and maintenance.

• Comparisons: Wyoming’s transportation index is lower than Colorado (96.0), Montana (102.0), and Idaho (109.1)
• Healthcare: Index at 101.1—cheaper than most peers, but a little above the US average
• Daycare and preschool: $750–$1,050 monthly, noticeably less than in Colorado

Income and Job Market in Wyoming

Wyoming’s average salary needed for a comfortable lifestyle is lower than in most surrounding states. A single adult can get by on $38,000–$41,000. Families need $66,000–$70,000 per year for middle-class comfort.

• Required wage: 8%–15% less than Colorado or Minnesota
• Median household income: Higher than in Idaho or Montana

Major employers in cities like Casper, Cheyenne, and Gillette offer broad opportunities. Also, the state’s growing mix of industries means strong prospects for job-seekers and telecommuters.

Is the Average Cost of Living in Wyoming Worth It?

For many people, Wyoming’s average cost of living is a major plus. You’ll spend less for housing, transportation, and groceries than in most neighboring states. Local life is easygoing, with outdoor spaces and friendly communities adding to the appeal.

However, health care access is sometimes limited, especially in rural areas. Childcare choices also remain few outside primary cities. Still, the state’s cost-saving advantages far outweigh these minor inconveniences.

Regional Insights and Relocation Tips

• Cheyenne & Casper: Steady jobs, affordable homes, and lively main streets.
• Laramie: College town excitement and competitive rents.
• Gillette & Sheridan: Good schools and new homes in growing areas.
• Jackson Hole: Pricier, but unmatched scenery.
• Rock Springs & Green River: Cheap real estate and easy commutes.

Relocation Tip: Secure housing before busy travel seasons, particularly for Jackson Hole. Local business groups and housing websites can help with planning your move.

Conclusion

As a result of its lower cost indexes, Wyoming stands out among the Rocky Mountain states. The average cost of living in Wyoming outperforms Colorado, Montana, and Idaho on almost every metric. For anyone searching for value, space, and community without breaking the bank, Wyoming is a top choice.

👉 Begin your home search today by exploring the latest Wyoming homes for sale on Houzeo and discover neighborhoods that fit your budget and lifestyle.

FAQs About Wyoming’s Average Cost of Living