Cost of Living in Laramie, WY
Population 32,234 · Census ACS 2020–2024 5-year estimates
The median rent in Laramie, WY is $925/month, 7% lower than the Wyoming median and 35% lower than the U.S. median. The median home value is $319,500, 4% lower than the national median. Households earn a median of $55,613 a year, 27% lower than the state median.
Affordability
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Laramie vs. Wyoming vs. U.S.
| Laramie | Wyoming | U.S. | |
|---|---|---|---|
| Median rent | $925 | $992 | $1,413 |
| Median home value | $319,500 | $309,700 | $332,700 |
| Median household income | $55,613 | $76,176 | $80,734 |
| Homeownership rate | 44.1% | 71.8% | 65.2% |
| Bachelor's degree or higher | 56.2% | 30.6% | 35.7% |
| Poverty rate | 22.5% | 10.5% | 12.5% |
| Unemployment rate | 4.0% | 3.7% | 5.2% |
| Work from home | 10.8% | 9.4% | 15.1% |
| Median age | 26.9 | 39.1 | 38.9 |
FAQ
What is the average rent in Laramie, WY?
The median gross rent in Laramie, WY is $925 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Laramie, WY?
Using the common 30% rule, renting a median-priced home takes about $37,000 a year in gross income.
Is Laramie, WY expensive to live in?
Rent there is 35% lower than the U.S. median, and the median home costs about 5.7 times the median household income.
Other cities in Wyoming
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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