Median one-bedroom rent across the cities we track is $1,305 in Colorado versus $824 in Wyoming. Overall, Wyoming runs roughly 37% cheaper on rent than Colorado, its main day-to-day cost driver.
Median household income across tracked cities is $85,364 in Colorado and $77,176 in Wyoming — about 10% higher in Colorado. Colorado has a top state income tax rate of 4.40% and a 2.9% state sales tax; Wyoming has no state income tax and a 4% state sales tax.
State Taxes
Sales Tax
2.9%
4%
+1.1 pp in Wyoming
Income Tax (top rate)
4.40%
None
+4.4 pp in Colorado
Housing (median across tracked cities)
Median 1BR Rent
$1,305
$824
+37% in Colorado
Median Home Value
$586,700
$311,200
+47% in Colorado
Income (median across tracked cities)
Median Household Income
$85,364
$77,176
+10% in Colorado
Climate (median across tracked cities)
Avg Annual Temperature
50.2°F
46.5°F
+3.7°F in Colorado
Colorado vs Wyoming — FAQ
- Is it cheaper to live in Colorado or Wyoming?
- Wyoming is cheaper on rent — its median one-bedroom of $824 runs about 37% below Colorado's $1,305, based on the cities we track in each state.
- How much more do you need to earn to live in Colorado than in Wyoming?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $52,000 a year in Colorado versus $33,000 in Wyoming.
- Which has lower taxes, Colorado or Wyoming?
- Colorado has a top state income tax rate of 4.40% and a 2.9% state sales tax. Wyoming has no state income tax and a 4% state sales tax.
Housing, income, and climate are medians across the 3/1 cities we track in Colorado/Wyoming — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.