Median one-bedroom rent across the cities we track is $1,183 in New Jersey versus $764 in Wyoming. Overall, Wyoming runs roughly 35% cheaper on rent than New Jersey, its main day-to-day cost driver.
Median household income across tracked cities is $53,766 in New Jersey and $69,171 in Wyoming — about 22% higher in Wyoming. New Jersey has a top state income tax rate of 10.75% and a 6.625% state sales tax; Wyoming has no state income tax and a 4% state sales tax.
State Taxes
Sales Tax
6.625%
4%
+2.6 pp in New Jersey
Income Tax (top rate)
10.75%
None
+10.8 pp in New Jersey
Housing (median across tracked cities)
Median 1BR Rent
$1,183
$764
+35% in New Jersey
Median Home Value
$337,800
$302,200
+11% in New Jersey
Income (median across tracked cities)
Median Household Income
$53,766
$69,171
+29% in Wyoming
Climate (median across tracked cities)
Avg Annual Temperature
54.9°F
45.4°F
+9.5°F in New Jersey
New Jersey vs Wyoming — FAQ
- Is it cheaper to live in New Jersey or Wyoming?
- Wyoming is cheaper on rent — its median one-bedroom of $764 runs about 35% below New Jersey's $1,183, based on the cities we track in each state.
- How much more do you need to earn to live in New Jersey 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 $47,000 a year in New Jersey versus $31,000 in Wyoming.
- Which has lower taxes, New Jersey or Wyoming?
- New Jersey has a top state income tax rate of 10.75% and a 6.625% 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 New Jersey/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.