Median one-bedroom rent across the cities we track is $782 in Indiana versus $764 in Wyoming. Overall, Wyoming runs roughly 2% cheaper on rent than Indiana, its main day-to-day cost driver.
Median household income across tracked cities is $60,293 in Indiana and $69,171 in Wyoming — about 13% higher in Wyoming. Indiana has a top state income tax rate of 2.95% and a 7% state sales tax; Wyoming has no state income tax and a 4% state sales tax.
State Taxes
Sales Tax
7%
4%
+3.0 pp in Indiana
Income Tax (top rate)
2.95%
None
+3.0 pp in Indiana
Housing (median across tracked cities)
Median 1BR Rent
$782
$764
+2% in Indiana
Median Home Value
$169,700
$302,200
+78% in Wyoming
Income (median across tracked cities)
Median Household Income
$60,293
$69,171
+15% in Wyoming
Climate (median across tracked cities)
Avg Annual Temperature
53.2°F
45.4°F
+7.8°F in Indiana
Indiana vs Wyoming — FAQ
- Is it cheaper to live in Indiana or Wyoming?
- Wyoming is cheaper on rent — its median one-bedroom of $764 runs about 2% below Indiana's $782, based on the cities we track in each state.
- How much more do you need to earn to live in Indiana 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 $31,000 a year in Indiana versus $31,000 in Wyoming.
- Which has lower taxes, Indiana or Wyoming?
- Indiana has a top state income tax rate of 2.95% and a 7% state sales tax. Wyoming has no state income tax and a 4% state sales tax.
Housing, income, and climate are medians across the 3/3 cities we track in Indiana/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.