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Cost of living in Wyoming

Everyday prices in Wyoming run 7.3% below the US average, the 16th lowest of 51 states and DC.

By Sol Lakein. Updated November 2026.

Wyoming next to New York and the US

Longer bar = costs more.1,4,2,3
WyomingUnited StatesNew York metro

How affordable is Wyoming?

Rent and home prices next to what households earn.6
$81,030
Typical household incomeA year · 38th highest of 51
15%
Of income goes to rentA year of 2-bed rent ($1,035/mo) against median income ($81,030). 3rd lowest of 51.
6.1
Years of income to buy a home$496,500 median listing against $81,030 income. 45th lowest of 50.

Are people moving to Wyoming?

1,474 more people moved to Wyoming from other states than left between July 2024 and July 2025 (Census Bureau estimates).

Where Americans are moving5

Wyoming next to its neighbors

The states that border Wyoming, on the same measures. The number is each state's national rank on everyday prices.1,4,2
  1. 6South Dakota11% cheaper than average
    2-bed rent
    $1,148
    Typical home
    $375,000
    Net moves
    +2,169
  2. 11Nebraska10% cheaper than average
    2-bed rent
    $1,194
    Typical home
    $335,000
    Net moves
    -366
  3. 16WyomingThis state7% cheaper than average
    2-bed rent
    $1,035
    Typical home
    $496,500
    Net moves
    +1,474
  4. 22Montana5% cheaper than average
    2-bed rent
    $1,281
    Typical home
    $635,000
    Net moves
    +6,348
Show 3 more
  1. 23Idaho5% cheaper than average
    2-bed rent
    $1,438
    Typical home
    $593,000
    Net moves
    +19,915
  2. 31Utah1% cheaper than average
    2-bed rent
    $1,579
    Typical home
    $579,000
    Net moves
    +3,343
  3. 39Colorado3% pricier than average
    2-bed rent
    $1,900
    Typical home
    $564,000
    Net moves
    -12,100

Wyoming by the numbers

Every figure on this page, as tables

Wyoming next to New York and the US

PlacePrice levelHousingTypical homeMonthly payment2-bedroom rent
Wyoming92.771.1$496,500$2,728$1,035
United States100.0100.0$419,250$2,304$1,563
New York metro112.6148.6$742,000$4,078$1,997

Wyoming next to its neighbors

StatePrice level2-bedroom rentTypical homeNet moves from other states
Wyoming92.7$1,035$496,500+1,474
Colorado103.1$1,900$564,000-12,100
Idaho95.5$1,438$593,000+19,915
Montana94.6$1,281$635,000+6,348
Nebraska90.1$1,194$335,000-366
South Dakota88.6$1,148$375,000+2,169
Utah98.9$1,579$579,000+3,343

Net moves from other states

Year (July to July)Net moves from other states
2019-20+1,129
2020-21+1,880
2021-22+2,354
2022-23+1,776
2023-24+771
2024-25+1,474

States with a similar cost of living to Wyoming

Keep comparing

Wyoming cost of living: questions people ask

What is the cost of living in Wyoming?

Everyday prices in Wyoming run 7.3% below the US average, the 16th lowest of 51 states and DC (BEA, 2024). Housing costs, rent included, index at 71.1 against a US average of 100. The median listed home is $496,500 (Realtor.com, September 2026), about $2,728 a month in principal and interest. The median 2-bedroom rent is $1,035 a month, utilities included (Census, 2025). A $150,000 salary in New York buys the same as $123,519 in Wyoming.

Is Wyoming cheap or expensive to live in?

Cheaper than average. Wyoming's regional price parity is 92.7, so the same basket of goods, services and rent costs 7.3% less than the US average (BEA, 2024).

How much does a house cost in Wyoming?

The median listed home in Wyoming is $496,500 as of September 2026 (Realtor.com via FRED), against $419,250 nationally. That ranks 35th lowest of 50. With 20% down at 7.32%, principal and interest run about $2,728 a month.

How much is rent in Wyoming?

The median gross rent for a 2-bedroom in Wyoming is $1,035 a month, including utilities the renter pays, against $1,563 for the US (Census American Community Survey, 2025).

What salary in Wyoming equals $150,000 in New York?

About $123,519, using BEA regional price parities for Wyoming (92.7) and the New York metro (112.6), 2024.

Are people moving to Wyoming?

1,474 more people moved to Wyoming from other states than left between July 2024 and July 2025 (Census Bureau estimates).

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Notes on the numbers
  1. 1Everyday prices, housing costs and price levels: BEA regional price parities via FRED, 2024, where the US average is 100. In ranked lists, 1 is the cheapest.
  2. 2Homes: the typical home is the median listing price, Realtor.com via FRED, September 2026.
  3. 3Mortgage: Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA.
  4. 4Rent: Census ACS 2025 1-year, median gross rent for 2-bedroom units, including utilities.
  5. 5Net moves: US Census Bureau population estimates, net domestic migration, July to July.
  6. 6Affordability: our arithmetic on Census median gross rent (2025), Census median household income (2025) and Realtor.com median listing price (September 2026). Rank 1 is the most affordable.
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