Living Cost Compare
Laramie

Wyoming

$890/mo est.

vs
Louisville

Kentucky

$1,070/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $890 in Laramie, WY versus $1,070 in Louisville, KY. Overall, Laramie, WY is roughly 17% cheaper to live in day-to-day than Louisville, KY, driven mainly by rent.

Median household income is $52,414 in Laramie, WY and $64,731 in Louisville, KY — about 19% higher in Louisville, KY. Wyoming has no state income tax and a 4% state sales tax; Kentucky has a top state income tax rate of 3.50% and a 6% state sales tax.

Rent

Studio
$667
$786
+18% in Louisville, KY
1 Bedroom
$728
$877
+20% in Louisville, KY
2 Bedroom
$883
$1,096
+24% in Louisville, KY
3 Bedroom
$1,423
$1,299
+9% in Laramie, WY

Buying a Home

Median Home Value
$302,200
$221,500
+27% in Laramie, WY

Income

Median Household Income
$52,414
$64,731
+23% in Louisville, KY
Metro Median Wage (annual)
$48,370

People & Lifestyle

Median Age
26.9 yr
37.7 yr
+10.8 yr in Louisville, KY
Homeownership
44.1%
60.6%
+16.5 pp in Louisville, KY
Bachelor's+ (25+)
55.8%
33.4%
+22.4 pp in Laramie, WY
Avg Commute
13.5 min
22.7 min
+9.2 min in Louisville, KY

Crime (per 100k/yr)

Violent Crime
129.6
763.4
+489% in Louisville, KY
Property Crime
1,175.9
3,536.6
+201% in Louisville, KY

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

Climate

Avg Annual Temperature
41.0°F
58.2°F
+17.2°F in Louisville, KY
Annual Precipitation
10.9 in
44.9 in
+34.0 in in Louisville, KY

Gas

Regular Gasoline
$4.27/gal
$3.85/gal
+10% in Laramie, WY

Area: Rocky Mountain (PADD 4) vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)
$1.75

Adult base one-way fare — vs TARC (2026).

Utilities

Electricity (¢/kWh)
15.2
14.3
+6% in Laramie, WY
Natural Gas ($/MCF)
$18.28
$33.20
+82% in Louisville, KY

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

Groceries

Milk (gal)
$4.82
$4.00
+17% in Laramie, WY
Bread (lb)
$2.04
$1.75
+14% in Laramie, WY
Eggs (doz)
$2.19
$2.21
+1% in Louisville, KY
Ground Beef (lb)
$7.36
$6.45
+12% in Laramie, WY
Chicken (lb)
$2.01
$1.90
+6% in Laramie, WY
Bananas (lb)
$0.70
$0.62
+12% in Laramie, WY

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

State Taxes

Sales Tax (WY / KY)
4%
6%
+2.0 pp in KY
Income Tax (top rate)
None
3.50%
+3.5 pp in KY

Laramie vs Louisville — FAQ

Is it cheaper to live in Laramie or Louisville?
Laramie, WY is cheaper. Its monthly baseline of $890 (1BR rent + utilities) runs about 17% below Louisville, KY's $1,070, mainly because of rent.
How much more do you need to earn to live in Laramie than in Louisville?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $29,000 a year in Laramie versus $35,000 in Louisville.
Which has lower taxes, Laramie or Louisville?
Laramie is taxed under Wyoming's rules (no state income tax and a 4% state sales tax); Louisville under Kentucky's (a top state income tax rate of 3.50% and a 6% 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).