Before you decide to relocate to Wyoming, it’s important to research the exact cost of living around the state. And that’s what we’re going to help you do.
These are the places in Wyoming that cost a pretty penny — the most expensive cities in the state.
We used Saturday Night Science to compare the 2018-2022 American Community Survey on cost of living for the 16 places in Wyoming with more than 6,000 people.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Wyoming for 2024.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Most Expensive Places To Live In Wyoming For 2024
What’s the most expensive place to live in Wyoming? Well, HomeSnacks crunched the numbers and discovered that Jackson is the most expensive place to live in Wyoming.
Torrington (the cheapest place to live in Wyoming) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Wyoming and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Wyoming For 2024
/10
Population: 10,748
Cost Of Living Index: 149
Median Income: $101,477
Average Home Price: $2,066,686
Home Price To Income Ratio: 20.4x
More on Jackson: Data | Cost Of Living | Real Estate
The overall cost of living in Jackson is 149. The median income in Jackson comes in at $101,477 and the average home value is $2,066,686 for 2024.
/10
Population: 10,081
Cost Of Living Index: 104
Median Income: $67,764
Average Home Price: $469,664
Home Price To Income Ratio: 6.9x
More on Cody: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Cody is 104. The median income in Cody comes in at $67,764 and the average home value is $469,664 for 2024.
/10
Population: 23,361
Cost Of Living Index: 103
Median Income: $75,863
Average Home Price: $264,064
Home Price To Income Ratio: 3.5x
More on Rock Springs: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Rock Springs is 103. The median income in Rock Springs comes in at $75,863 and the average home value is $264,064 for 2024.
/10
Population: 6,460
Cost Of Living Index: 102
Median Income: $62,899
Average Home Price: $392,071
Home Price To Income Ratio: 6.2x
More on Powell: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Powell is 102. The median income in Powell comes in at $62,899 and the average home value is $392,071 for 2024.
/10
Population: 33,158
Cost Of Living Index: 100
Median Income: $90,415
Average Home Price: $310,582
Home Price To Income Ratio: 3.4x
More on Gillette: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Gillette is 100. The median income in Gillette comes in at $90,415 and the average home value is $310,582 for 2024.
/10
Population: 31,735
Cost Of Living Index: 100
Median Income: $50,539
Average Home Price: $352,868
Home Price To Income Ratio: 7.0x
More on Laramie: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Laramie is 100. The median income in Laramie comes in at $50,539 and the average home value is $352,868 for 2024.
/10
Population: 7,561
Cost Of Living Index: 98
Median Income: $62,958
Average Home Price: $367,249
Home Price To Income Ratio: 5.8x
More on Lander: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Lander is 98. The median income in Lander comes in at $62,958 and the average home value is $367,249 for 2024.
/10
Population: 64,795
Cost Of Living Index: 97
Median Income: $74,989
Average Home Price: $362,410
Home Price To Income Ratio: 4.8x
More on Cheyenne: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Cheyenne is 97. The median income in Cheyenne comes in at $74,989 and the average home value is $362,410 for 2024.
/10
Population: 18,807
Cost Of Living Index: 97
Median Income: $57,667
Average Home Price: $401,806
Home Price To Income Ratio: 7.0x
More on Sheridan: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Sheridan is 97. The median income in Sheridan comes in at $57,667 and the average home value is $401,806 for 2024.
/10
Population: 11,772
Cost Of Living Index: 97
Median Income: $83,497
Average Home Price: $270,147
Home Price To Income Ratio: 3.2x
More on Green River: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Green River is 97. The median income in Green River comes in at $83,497 and the average home value is $270,147 for 2024.
Methodology: How We Determined The Most Expensive Places To Live In The Equality State For 2024
The two most important things to think about when it comes to being able to afford a city in Wyoming are:
- How much money do I make?
- How much do I have to spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:
- Overall Cost Of Living Index
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
You can then compare these metrics in each of the places in Wyoming to figure out which is the most expensive.
You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index to rank all of the 16 places in Wyoming that have more than 6,000 people.
The place with the highest cost of living in Wyoming according to the data is Jackson. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in Wyoming.
Summary: Taking A Chunk Out Of Your Paycheck In Wyoming For 2024
Well, there you have it, the places in Wyoming that have the highest cost of living, with Jackson ranking as the most expensive city in the Equality State.
The most expensive cities in Wyoming are Jackson, Cody, Rock Springs, Powell, Gillette, Laramie, Lander, Cheyenne, Sheridan, and Green River.
Here’s a look at the most affordable cities in Wyoming according to the data:
- Torrington
- Rawlins
- Riverton
For more Wyoming reading, check out:
- Best Places To Live In Wyoming
- Cheapest Places To Live In Wyoming
- Most Dangerous Cities In Wyoming
- Best Places To Raise A Family In Wyoming
- Safest Places In Wyoming
- Worst Places To Live In Wyoming
Most Expensive Cities In Wyoming
| Rank | City | Cost Of Living | Population | Median Income | Average Home Price | Home/Income Ratio |
|---|---|---|---|---|---|---|
| 1 | Jackson | 149 | 10,748 | $101,477 | $2,066,686 | 20.4x |
| 2 | Cody | 104 | 10,081 | $67,764 | $469,664 | 6.9x |
| 3 | Rock Springs | 103 | 23,361 | $75,863 | $264,064 | 3.5x |
| 4 | Powell | 102 | 6,460 | $62,899 | $392,071 | 6.2x |
| 5 | Gillette | 100 | 33,158 | $90,415 | $310,582 | 3.4x |
| 6 | Laramie | 100 | 31,735 | $50,539 | $352,868 | 7.0x |
| 7 | Lander | 98 | 7,561 | $62,958 | $367,249 | 5.8x |
| 8 | Cheyenne | 97 | 64,795 | $74,989 | $362,410 | 4.8x |
| 9 | Sheridan | 97 | 18,807 | $57,667 | $401,806 | 7.0x |
| 10 | Green River | 97 | 11,772 | $83,497 | $270,147 | 3.2x |
| 11 | Casper | 94 | 58,631 | $67,011 | $277,346 | 4.1x |
| 12 | Evanston | 94 | 11,801 | $70,825 | $278,947 | 3.9x |
| 13 | Douglas | 93 | 6,356 | $79,322 | $293,909 | 3.7x |
| 14 | Riverton | 92 | 10,733 | $50,861 | $247,334 | 4.9x |
| 15 | Rawlins | 91 | 8,287 | $70,054 | $201,063 | 2.9x |
| 16 | Torrington | 88 | 6,161 | $55,434 | $219,113 | 4.0x |