What Is the Cost Of Living In Wyoming? 

What Is the Cost Of Living In Wyoming? 

August 19, 2022 Off By Altaf

Why should you know the cost of living in Wyoming? Because it is essential to know before moving to Wyoming. Wyoming is a state located in the Mountain West subregion of the Western United States. Why will Wyoming attract you? Wyoming’s seven national parks, which feature the iconic Old Faithful geyser and the largest hot spring in the US, are enough for you to move to Wyoming. Let’s focus on the main topic for which we are here, which is the cost of living in Wyoming

What Is The Cost Of Living In Wyoming? 

The cost of living in Wyoming will make you familiar with the cost of housing, grocery, transportation, utility, health, etc in Wyoming. To know about the average cost of living in Wyoming take a look over the table given below. The table shows the cost of living indices based on a US average cost of 100. In which, an amount below 100 means Wyoming is cheaper than the national average. 

Cost Of Living ForWyoming USA
Housing99.1100
Grocery99.2100
Transportation77.6100
Utilities94.3100
Health131.3 100
Miscellaneous100.9100
Median Home Cost$272,700$291,700
OverAll98.1 100

Note:  The above-given cost of living in Wyoming is as per the year of 2019, now it may be changed due to some factors.

Home Rent  

While going through the cost of living in Wyoming vs Texas it is clear that Wyoming is more expensive than Texas. One of the reasons behind it is the high house rent in Wyoming. To make it easy to find an affordable house, the table will tell you the rent of 1 and 2-bedroom houses in different cities of Wyoming. From this, you can guess the cost of living in Cheyenne Wyoming.  

CityApprox 1 Bedroom RentApprox 2 Bedroom Rent
Cheyenne $650$1100 
Casper $850 $1175
Jackson Hole $800$1100
Cody $750$1000
Laramie $1100$1250

Food Cost 

As far as the food cost is concerned, in Wyoming, a single adult spends an average of $3,288 on food annually. And a family of four spends $9496 on average per year. To know the cost of dinner for 2 people, see the table is given below, which will give you the cost of living in different cities in Wyoming including the cost of living in Casper Wyoming as well as the cost of living in Jackson Hole Wyoming

CityApprox Dinner For 2
Cheyenne $45 
Casper $46 
Jackson Hole $45
Cody $50 
Laramie $45

Travel Cost 

Travel cost affects the cost of living in any city. When you see the cost of living in Wyoming vs California then you will get that California is more expensive than Wyoming. In Wyoming, you can use your own vehicle or public transport for traveling. 

Other Expenses 

Here are the other expenses given, including the expenses of health care, internet, utility, and many more.  

Health Care

The health care cost in Wyoming is slightly more than the health care cost in Arizona. Therefore, when you look at the cost of living in Wyoming vs Arizona, you will find Wyoming more expensive than Arizona. So, the average cost of health insurance in the state of Wyoming is $46854 per person per year. 

Utility Bills 

The average cost of living in Cheyenne, Wyoming is somewhat dependent on the utility bills. And here in Wyoming, the average utility bill cost is $94.3 based on the US average of 100.  

Internet Bills 

The cost of the internet in Wyoming is less than that of Colorado. Therefore, the cost of living in Wyoming vs Colorado shows slight differences. In Wyoming, the EarthLink internet of up to 1000 MBPS costs $69.95 per month. 

Fitness

In Wyoming, the cost of fitness varies according to the different types of fitness clubs and gyms. Therefore, you can choose as per your budget. Gym membership in Cheyenne, Wyoming starts as low as $10 per month for one person. 

Entertainment 

The entertainment and activities in Cody, Wyoming typically cost an average of $26 per person per day. 

Taxes

In the state of Wyoming, the sales tax rate is 4%, and the maximum local sales tax rate is around 2%. So, the average combined state and local sales tax rate of 5.22%. 

FAQ

How Much Do You Need To Live Comfortably In Wyoming?

The report says that in order to afford a modest two-bedroom apartment in Wyoming, a person would need to make at least $17.15 an hour, A.K.A the state’s housing wage. It’s higher in Cheyenne ($18.27) and Casper ($17.77). The current minimum wage in Wyoming is $7.25 per hour (the same as the federal minimum wage).

Is Wyoming A Good Place To Live?

Is Wyoming a Good Place to Live? Wyoming is an excellent place to live if you’re looking for affordable home prices, no state income tax, clean air, and boundless opportunities in the great wide-open outdoors.

Is Rent Expensive In Wyoming?

Well, the state of Wyoming has far much cheaper and more affordable rent prices than many other major US states. Cities such as; Evanston, Cody, Casper, Rock Springs, and Laramie have the most affordable 1 bedroom & 3 bedrooms houses which you can get on rent.

Is It Cheaper To Live In Wyoming Or Colorado?

The property rates in Wyoming are way cheaper than the rates in Colorado, so Wyoming wins that contest, hands down.

Is It Worth It To Move To Wyoming?

Retirees have been moving to Wyoming in greater numbers lately, for myriad worthwhile reasons. The Equality State has no income tax, no estate or inheritance tax, a low sales tax, and a low property tax. The average state and local sales tax is 5.32%, and the average property tax is $635 per $100,000 in home value.

Get to know more such amazing facts by visiting here.

Conclusion 

In this article you become familiar with what is the cost of living in Wyoming in detail. For a second, forget about the cost of living and just think about the scenery in the state of Wyoming. Also, the state of Wyoming was the first state in the US to give women the right to vote. Now, you can imagine how liberal the state of Wyoming is. So, it is part of the external beauty of Wyoming, but don’t forget about the cost of living in Wyoming in front of its attractiveness.

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