Most affordable places to live in Wyoming have a cost of living 6% lower than the national average. Housing costs are roughly 18% below the norm in most U.S. markets. Families earning $75,000 save around $3,750 each year because Wyoming has no state income tax.
If you’ve dreamed of exploring Yellowstone or casting a line in pristine trout streams, living in Wyoming makes it possible. Here, your money goes further while still offering good schools, reliable healthcare, and plenty of outdoor adventure.
Key Takeaways
- Rawlins claims Wyoming’s lowest cost of living at 12.9% below the US average.
- Torrington offers Wyoming’s cheapest rent at $775 monthly, enabling renters to save $375-$600.
- Green River residents earn $85,399 median household income.
- Zero state income tax benefits all Wyoming residents, while Rock Springs electricity costs just $0.11 per kWh.
- Casper ranks #2 Best Place to Live in Wyoming while maintaining housing costs 19%-34% below national averages.
Comparing Most Affordable Places to Live in Wyoming
| City | Median Home Price | Median Rent | Cost of Living vs US | Best For |
| Rawlins | $190,000-$205,900 | $855 | 12.9% below | Budget families, outdoor enthusiasts |
| Torrington | $231,125 | $775 | 12.1% below | Agricultural workers, college students |
| Riverton | $249,000 | $900 | 7.6% below | Retirees, cultural enthusiasts |
| Rock Springs | $280,795-$286,559 | $899-$1,053 | 6% below | Energy workers, outdoor lovers |
| Green River | $286,555-$291,865 | $895-$1,515 | 6% below | Industrial professionals, families |
| Evanston | $291,442 | $1,050 | 10.3% below | Festival lovers, Utah transplants |
| Casper | $274,364-$295,371 | $1,132-$1,250 | 5.1% below | Families wanting amenities |
7 Most Affordable Places to Live in Wyoming
1. Rawlins
Median Home Price: $190,000-$205,900
Median Rent: $855
Cost of Living: 12.9% below US average, 10.7% below Wyoming state average
Best For: Budget-conscious families, retirees seeking low costs, outdoor recreation enthusiasts, energy sector workers
Rawlins, the seat of Carbon County, has a median household income of $69,912. The town features the historic Wyoming Frontier Prison, which attracts visitors to its 1901 cells. Furthermore, Rawlins High School, Rawlins Middle School, and Lincoln Elementary serve families at the Carbon County school district.
Moreover, transportation costs in Rawlins run about 34% below the national average, reflecting its mining and railroad heritage. As a result, many blue-collar families find stable work in the energy sector, though job markets can vary with industry shifts.
However, Rawlins experiences heavy snow and strong winds. Entertainment options are limited, making it ideal for those who prefer outdoor activities over city life.
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2. Torrington
Median Home Price: $231,125
Median Rent: $775
Cost of Living: 12.1% below US average
Best For: Agricultural professionals, families seeking ultra-low housing costs, college students, retirees
Torrington is a small community in Goshen County with about 6,212 residents. Farming and ranching define its rural character. In fact, the Homesteaders Museum preserves pioneer history with artifacts and exhibits. Furthermore, Eastern Wyoming College offers local access to higher education, while Pioneer Park provides green space for outdoor activities.
Meanwhile, each year, the Goshen County Fair brings residents together through livestock shows and agricultural contests. However, job options are limited beyond farming and retail, but very low rent helps young adults afford living independently.
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3. Riverton
Median Home Price: $249,000
Median Rent: $900
Cost of Living: 7.6% below US average
Best For: Retirees seeking excellent healthcare, outdoor adventurers, cultural enthusiasts, families
Riverton sits near the Wind River Indian Reservation and is home to 10,923 people. The area celebrates rich Shoshone and Arapaho cultural heritage. In addition, the nearby Sinks Canyon is a natural wonder where the Popo Agie River disappears underground at “the Sinks” and resurfaces larger at “the Rise.”
Furthermore, SageWest Health Care offers quality medical services, making Riverton attractive for retirees. Also, the Wind River Mountains provide world-class hiking and backcountry skiing.
While some parts of Riverton have higher crime rates than the state average, schools like Riverton High and Aspen Park Elementary offer solid education through Fremont County schools.
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4. Rock Springs
Median Home Price: $280,795-$286,559
Median Rent: $899-$1,053
Cost of Living: 6% below US average
Best For: Young professionals in energy/mining, outdoor enthusiasts, college students, families
Rock Springs is southwest Wyoming’s largest city with a median household income of $73,307. Its roots lie deeply in coal mining and railroads. Just 40 miles to the south, Flaming Gorge offers a boating and fishing paradise, overlooking Red Canyon.
Furthermore, Electricity costs in Rock Springs are low, at just 11 cents per kWh, which is the cheapest in the state. Plus, property taxes average $1,443 a year. The Rock Springs Historical Museum preserves mining history while also recounting the tragic 1885 Chinese Massacre.
While the energy sector offers many jobs, it comes with some employment risks. Despite those risks, education here remains strong. Rock Springs High School and Western Wyoming Community College provide quality schooling options.
👉🏻 Find your ideal home in Rock Springs, Wyoming’s energy hub with scenic charm. So begin your Rock Springs homes for sale search today!
5. Green River
Median Home Price: $286,555-$291,865
Median Rent: $895-$1,515
Cost of Living: 6% below US average
Best For: Young professionals in chemical/industrial sectors, families, history buffs, river recreation enthusiasts
Green River has about 11,496 residents. Median household incomes range from $83,988 to $85,399, which is among the highest in Wyoming. Stable industrial jobs at Tata Chemicals and Genesis Alkali support strong purchasing power.
Green River High School and Harrison Elementary serve the local families at the Sweetwater County school district. Furthermore, Flaming Gorge lies just 30 minutes away, offering weekend boating and fishing adventures. In addition, Scott’s Bottom Nature Area attracts birdwatchers and nature lovers alike.
Rent costs vary depending on the property type, and the town’s industrial nature may not suit everyone. However, its budget-friendly living combined with outdoor recreation and solid schools makes Green River attractive to many.
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6. Evanston
Median Home Price: $291,442
Median Rent: $1,050
Cost of Living: 10.3% below US average
Best For: Families seeking outdoor recreation and festivals, retirees, tourism/retail workers, Utah transplants
Evanston offers the advantage of being the “Gateway to Wyoming.” Here the median household income is $76,569. Bear River State Park spans 324 acres and features captive bison and elk herds. Additionally, for weekend trips, Park City is 45 minutes away, and Salt Lake City is just 70 minutes distant.
Moreover, The town hosts the Cowboy Days PRCA Rodeo, known as the “Biggest Little Rodeo in the World.” It’s a tradition dating back to the Great Depression.
As well as, the Evanston BrewFest, which features over 25 regional breweries and more than 60 craft beers. Celtic and Bluegrass festivals celebrate the area’s mountain heritage.
Furthermore, Evanston High School and Davis Middle School serve students through Uinta County School District #1. While seasonal tourism supports the economy, it can cause employment fluctuations. Still, Evanston remains one of Wyoming’s affordable cities.
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7. Casper
Median Home Price: $274,364-$295,371
Median Rent: $1,132-$1,250
Cost of Living: 5.1% below US average, housing 19%-34% below national average
Best For: Families wanting city amenities and excellent schools, young professionals, college students, retirees
Casper is Wyoming’s second-largest city, home to 58,720 residents. The median household incomes ranges from $69,171 to $73,015. Moreover, Casper Mountain overlooks the city and offers year-round activities. The North Platte River runs through Casper, bringing blue-ribbon trout fishing close to town.
U.S. News ranked Casper as the #2 Best Place to Live in Wyoming for 2024-2025. As well as, List with Clever gave it a strong 90.6 Affordability Score. As always education remains a priority. Natrona County High School, Kelly Walsh High School, and Casper Classical Academy serve families.
Although winter winds can be harsh, Casper benefits from a diverse economy. This variety in jobs reduces the risks seen in smaller towns that rely heavily on energy industries. Overall, Casper combines big-city amenities with outdoor recreation and stability.
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How We Ranked Wyoming’s Most Affordable Cities in 2025
Our comprehensive analysis uses weighted criteria such as,
- Housing Costs (35%)
- Overall Costs of Living (25%)
- Household Income (15%)
- Property Taxes (10%)
- Utility Costs (10%)
- Community Quality Indicators (5%)
All data cross-verified from Zillow Home Value Index and Observed Rent Index 2024-2025, RentCafe Cost of Living Data, Wyoming Administration & Information Economic Analysis Division, U.S. Census Bureau American Community Survey, Houzeo Market Research, List with Clever Affordability Analysis, Wyoming State Parks & Cultural Resources, SafeWise Crime Data 2025, Niche School Rankings 2025-2026, U.S. News Education Rankings, and U.S. Department of Energy.
What Drives Affordability in Wyoming?
Wyoming residents benefit from no state income tax, creating immediate savings for all. Property taxes average $1,443 per year, which is low compared to high-tax states. Moreover, utility costs run about 10% below the national average.
For instance, electricity in Rock Springs costs just $0.11 per kWh, offering excellent value. Housing costs are roughly 18% below typical U.S. markets, helping families buy homes with less debt.
The energy sector is a key driver of Wyoming’s economy. However, its ups and downs can create job risks. Meanwhile, transportation costs in Rawlins are 34% below national rates. Wyoming’s low population density means less competition for housing, hence keeping prices affordable across the state.
This combination of low taxes, affordable utilities, and manageable housing costs makes Wyoming one of the most affordable states to live in, especially for those who enjoy outdoor lifestyles.
Smart Tips for Wyoming Living
- Explore Flaming Gorge National Recreation Area from Rock Springs or Green River for recreation.
- Target Torrington’s $775 monthly rent or Rawlins’ $855 rates for maximum rental savings.
- Leverage zero state income tax by calculating annual savings based on your income bracket.
- Research Rock Springs‘ $0.11 per kWh electricity to minimize utility expenses.
- Evaluate Casper’s diverse employment sectors for career stability.
- Plan for winter preparation
Should You Move to Wyoming?
Wyoming’s 6% below-average cost of living combines with zero state income tax to create exceptional value for families and retirees. Additionally, housing costs run 18% below national average. This means homeownership remains accessible on modest incomes.
From Rawlins’ $190,000 median home prices to Casper’s big-city amenities, the most affordable places to live in Wyoming delivers quality of life without financial strain. Outdoor recreation access, low crime rates, and strong community values define these cities in Wyoming.
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Frequently Asked Questions
What is the most affordable place to live in Wyoming?
Wyoming's most affordable city is Rawlins with cost of living 12.9% below the US average.
What are the top 7 most affordable cities in Wyoming?
The seven most affordable Wyoming cities include Rawlins, Torrington, Riverton, Rock Springs, Green River, Evanston, and Casper
Which Wyoming cities are best for families on a budget?
For families on a budget, Torrington, Casper, Green River provides access for education-focused families with housing costs below the national average.
Are there affordable beach towns in Wyoming
Wyoming lacks ocean coastline, but Flaming Gorge National Recreation Area near Rock Springsand Green River offers waterfront recreation.
What makes Wyoming one of the most affordable states?
Zero state income tax saves residents approximately 5% of gross income annually compared to neighboring states. Housing costs sit 18% below national average, while utilities run 10% lower.
