Living Cost Compare
Laramie

Wyoming

$890/mo est.

vs
Portland

Maine

$1,650/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $890 in Laramie, WY versus $1,650 in Portland, ME. Overall, Laramie, WY is roughly 46% cheaper to live in day-to-day than Portland, ME, driven mainly by rent.

Median household income is $52,414 in Laramie, WY and $76,174 in Portland, ME — about 31% higher in Portland, ME. Wyoming has no state income tax and a 4% state sales tax; Maine has a top state income tax rate of 7.15% and a 5.5% state sales tax.

Rent

Studio
$667
$1,038
+56% in Portland, ME
1 Bedroom
$728
$1,331
+83% in Portland, ME
2 Bedroom
$883
$1,664
+88% in Portland, ME
3 Bedroom
$1,423
$1,919
+35% in Portland, ME

Buying a Home

Median Home Value
$302,200
$452,600
+50% in Portland, ME

Income

Median Household Income
$52,414
$76,174
+45% in Portland, ME
Metro Median Wage (annual)
$56,960

People & Lifestyle

Median Age
26.9 yr
37.5 yr
+10.6 yr in Portland, ME
Homeownership
44.1%
46.7%
+2.6 pp in Portland, ME
Bachelor's+ (25+)
55.8%
59.2%
+3.4 pp in Portland, ME
Avg Commute
13.5 min
19.9 min
+6.4 min in Portland, ME

Crime (per 100k/yr)

Violent Crime
129.6
272.7
+110% in Portland, ME
Property Crime
1,175.9
2,513.3
+114% in Portland, ME

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
46.5°F
+5.5°F in Portland, ME
Annual Precipitation
10.9 in
47.3 in
+36.3 in in Portland, ME

Gas

Regular Gasoline
$4.27/gal
$3.94/gal
+8% in Laramie, WY

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

Utilities

Electricity (¢/kWh)
15.2
29.6
+94% in Portland, ME
Natural Gas ($/MCF)
$18.28
$31.62
+73% in Portland, ME

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

Groceries

Milk (gal)
$4.82
$4.31
+10% in Laramie, WY
Bread (lb)
$2.04
$1.92
+6% in Laramie, WY
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$7.36
$6.90
+6% in Laramie, WY
Chicken (lb)
$2.01
$2.19
+9% in Portland, ME
Bananas (lb)
$0.70
$0.69
about equal

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

State Taxes

Sales Tax (WY / ME)
4%
5.5%
+1.5 pp in ME
Income Tax (top rate)
None
7.15%
+7.2 pp in ME

Laramie vs Portland — FAQ

Is it cheaper to live in Laramie or Portland?
Laramie, WY is cheaper. Its monthly baseline of $890 (1BR rent + utilities) runs about 46% below Portland, ME's $1,650, mainly because of rent.
How much more do you need to earn to live in Laramie than in Portland?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $29,000 a year in Laramie versus $53,000 in Portland.
Which has lower taxes, Laramie or Portland?
Laramie is taxed under Wyoming's rules (no state income tax and a 4% state sales tax); Portland under Maine's (a top state income tax rate of 7.15% and a 5.5% 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).