Is Laramie expensive to live in?

Laramie is among the more affordable of the 158 US cities we track. Its one-bedroom rent of $728 per month ranks #154 of 158 and is 30% lower than the $1,043 median.

What is the average rent in Laramie?

Average rent in Laramie, WY runs a studio around $667, a one-bedroom around $728, a two-bedroom around $883, a three-bedroom around $1,423 per month (US Census ACS).

How much do you need to earn to live in Laramie?

To keep a one-bedroom rent of $728 near the recommended 30% of gross income, you'd want to earn roughly $29,000 a year. The median household income here is $52,414.

How much does it cost to live in Laramie per month?

A rough monthly baseline for one person in Laramie is about $890 — one-bedroom rent plus typical residential electricity and heating. It excludes food, transport, and healthcare, so a full budget is higher.

Cost of Living in Laramie, WY

Population 31,848 · Wyoming

~$890/mo est.1BR $728Home $302,200

Compare with:

The cost of living in Laramie, WY is driven mostly by housing. A one-bedroom apartment rents for around $728 a month — 30% lower than the $1,043 median across the 158 large US cities we track. Studios average $667 and two-bedrooms $883.

Median household income here is $52,414, 23% lower than the $67,696 median of the cities we track. Adding typical electricity and heating to one-bedroom rent, a rough monthly baseline for one person is about $890 before food and transport. Wyoming has no state income tax and a 4% state sales tax.

Rent1BR $728

Studio

$667

1 Bedroom

$728

2 Bedroom

$883

3 Bedroom

$1,423

Buying a Home$302,200

Median Home Value

$302,200

Income$52,414

Median Household Income

$52,414

Metro Median Wage (annual)

—

Household income: Census ACS, city. Metro median wage: BLS OEWS, all occupations (metro area).

GroceriesWest

Milk (gal)

$4.82

Bread (lb)

$2.04

Eggs (doz)

$2.19

Ground Beef (lb)

$7.36

Chicken (lb)

$2.01

Bananas (lb)

$0.70

Average prices, West (BLS, 2026-07-01). Regional where available, otherwise U.S. average.

Utilities15.2¢/kWh

Electricity

15.2¢/kWh

Natural Gas

$18.28/MCF

Residential, state-level averages (EIA, 2026-06-01). MCF = 1,000 cubic feet.

Gas$4.27/gal

Regular Gasoline (Rocky Mountain (PADD 4))

$4.27/gal

EIA weekly retail average, week of 2026-08-31.

State Taxes (WY)4% sales

State Sales Tax

State Income Tax (top rate)

None

State-level rates. Local sales taxes may add more. Income tax shown is the top marginal rate; most filers pay less.

Crime129.6 violent

Violent Crime (per 100k/yr)

129.6

Property Crime (per 100k/yr)

1,175.9

FBI Crime Data Explorer, Laramie Police Department (2024). Offenses per 100,000 residents per year. Agency reporting practices vary, so cross-city comparisons are approximate.

People & LifestyleAge 26.9 yrs

Median Age

26.9 yrs

Homeownership

44.1%

Bachelor's+ (25+)

55.8%

Avg Commute

13.5 min

Climate41.0°F

Avg Annual Temperature

41.0°F

Annual Precipitation

10.9 in

Laramie cost of living — FAQ

Is Laramie expensive to live in?: Laramie is among the more affordable of the 158 US cities we track. Its one-bedroom rent of $728 per month ranks #154 of 158 and is 30% lower than the $1,043 median.
What is the average rent in Laramie?: Average rent in Laramie, WY runs a studio around $667, a one-bedroom around $728, a two-bedroom around $883, a three-bedroom around $1,423 per month (US Census ACS).
How much do you need to earn to live in Laramie?: To keep a one-bedroom rent of $728 near the recommended 30% of gross income, you'd want to earn roughly $29,000 a year. The median household income here is $52,414.
How much does it cost to live in Laramie per month?: A rough monthly baseline for one person in Laramie is about $890 — one-bedroom rent plus typical residential electricity and heating. It excludes food, transport, and healthcare, so a full budget is higher.

Compare Laramie with nearby cities

Laramie vs Cheyenne Laramie vs Denver Laramie vs Casper Laramie vs Aurora Laramie vs Colorado Springs Laramie vs Rapid City

Nearby cities

Cheyenne, WY 42 mi Denver, CO 113 mi Casper, WY 114 mi Aurora, CO 116 mi Colorado Springs, CO 176 mi Rapid City, SD 226 mi

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981-2010 (climate); EIA (gas, utilities); BLS Average Price Data (groceries) & OEWS (metro wage); transit agencies (fares); FBI Crime Data Explorer (crime); Tax Foundation 2026 (state taxes). Monthly estimate = 1BR rent + utilities; not a full cost of living.