Is it cheaper to live in Charleston or Laramie?

Laramie, WY is cheaper. Its monthly baseline of $890 (1BR rent + utilities) runs about 45% below Charleston, SC's $1,620, mainly because of rent.

How much more do you need to earn to live in Charleston than in Laramie?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $57,000 a year in Charleston versus $29,000 in Laramie.

Which has lower taxes, Charleston or Laramie?

Charleston is taxed under South Carolina's rules (a top state income tax rate of 6.00% and a 6% state sales tax); Laramie under Wyoming's (no state income tax and a 4% state sales tax).

Charleston vs Laramie Cost of Living 2026

Charleston

South Carolina

$1,620/mo est.

Laramie

Wyoming

$890/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,620 in Charleston, SC versus $890 in Laramie, WY. Overall, Laramie, WY is roughly 45% cheaper to live in day-to-day than Charleston, SC, driven mainly by rent.

Median household income is $90,038 in Charleston, SC and $52,414 in Laramie, WY — about 42% higher in Charleston, SC. South Carolina has a top state income tax rate of 6.00% and a 6% state sales tax; Wyoming has no state income tax and a 4% state sales tax.

Charleston, SC

Laramie, WY

Rent

Studio

$1,579

$667

+58% in Charleston, SC

1 Bedroom

$1,430

$728

+49% in Charleston, SC

2 Bedroom

$1,684

$883

+48% in Charleston, SC

3 Bedroom

$2,076

$1,423

+31% in Charleston, SC

Buying a Home

Median Home Value

$469,100

$302,200

+36% in Charleston, SC

Income

Median Household Income

$90,038

$52,414

+42% in Charleston, SC

Metro Median Wage (annual)

$49,150

—

People & Lifestyle

Median Age

36.1 yr

26.9 yr

+9.2 yr in Charleston, SC

Homeownership

55.6%

44.1%

+11.5 pp in Charleston, SC

Bachelor's+ (25+)

57.7%

55.8%

+1.9 pp in Charleston, SC

Avg Commute

23.8 min

13.5 min

+10.3 min in Charleston, SC

Crime (per 100k/yr)

Violent Crime

358.8

129.6

+64% in Charleston, SC

Property Crime

2,035.1

1,175.9

+42% in Charleston, SC

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

66.7°F

41.0°F

+25.7°F in Charleston, SC

Annual Precipitation

44.4 in

10.9 in

+33.5 in in Charleston, SC

Gas

Regular Gasoline

$3.94/gal

$4.27/gal

+8% in Laramie, WY

Area: East Coast (PADD 1) vs Rocky Mountain (PADD 4).

Utilities

Electricity (¢/kWh)

15.6

15.2

+2% in Charleston, SC

Natural Gas ($/MCF)

$29.07

$18.28

+37% in Charleston, SC

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

Groceries

Milk (gal)

$4.00

$4.82

+20% in Laramie, WY

Bread (lb)

$1.75

$2.04

+17% in Laramie, WY

Eggs (doz)

$2.21

$2.19

+1% in Charleston, SC

Ground Beef (lb)

$6.45

$7.36

+14% in Laramie, WY

Chicken (lb)

$1.90

$2.01

+6% in Laramie, WY

Bananas (lb)

$0.62

$0.70

+14% in Laramie, WY

Average prices — South vs West (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (SC / WY)

+2.0 pp in SC

Income Tax (top rate)

6.00%

None

+6.0 pp in SC

Charleston vs Laramie — FAQ

Is it cheaper to live in Charleston or Laramie?: Laramie, WY is cheaper. Its monthly baseline of $890 (1BR rent + utilities) runs about 45% below Charleston, SC's $1,620, mainly because of rent.
How much more do you need to earn to live in Charleston than in Laramie?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $57,000 a year in Charleston versus $29,000 in Laramie.
Which has lower taxes, Charleston or Laramie?: Charleston is taxed under South Carolina's rules (a top state income tax rate of 6.00% and a 6% state sales tax); Laramie under Wyoming's (no state income tax and a 4% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).