Cost of Living in Wyoming

Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Wyoming    Wyoming (/waɪˈoʊmɪŋ/ (listen)) is a state in the mountain region of the western United States. The state is the 10th largest by area, the least populo....More


Cost of Living Index in Major Cities of Wyoming

A comparison of the Cost of Living indexes across major Wyoming Cities compared to the national average. The calculations are based on the total cost of energy, food, healthcare, housing and transportation, among other factors. New York City consistently ranks #1 as the nation's highest cost of living.


City, State Compared to national average
City, State Cheyenne, Wyoming Compared to national average
+ 2.7%
City, State Casper, Wyoming Compared to national average
-17.3%
City, State Laramie, Wyoming Compared to national average
+ 11.3%
City, State Gillette, Wyoming Compared to national average
-37.3%
City, State Rock Springs, Wyoming Compared to national average
-32.3%
City, State Sheridan, Wyoming Compared to national average
-37.3%
City, State Riverton, Wyoming Compared to national average
-37.3%
City, State Cody, Wyoming Compared to national average
-37.3%



Cost of Living by Cities in Wyoming



Cost of Living by Major Cities

Click to see the cost of living for these major U.S. cities.


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About Wyoming

Wyoming (/waɪˈoʊmɪŋ/ (listen)) is a state in the mountain region of the western United States. The state is the 10th largest by area, the least populous, and the second most sparsely populated state in the country. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, and on the west by Idaho and Montana. The state population was estimated at 577,737 in 2018, which is less than 31 of the most populous U.S. cities including Denver in neighboring Colorado. Cheyenne is the state capital and the most populous city...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia



Comments about the Cost of Living in Wyoming

Wyoming is a tax-friendly state with a low cost of living for some.

Wyoming has no state income tax and is considered by some to be the most tax-friendly state in the United States! This means that if you work in Wyoming, your paycheck will be free of taxes other than the federal income taxes. If you are retired, Wyoming does not tax any form of retirement income including Social Security benefits. The absence of state income tax will make your take-home pay higher and provide more income for the basic cost of living purchases. Wyoming does, however, have a statewide 4% sales tax. The property taxes in Wyoming are among the lowest in the country. Overall Wyoming has a lot to offer as a low tax state. ( 2019-03-17 salary.com )

Rent vs Buy: Renting could be the better choice for a lower cost of living

The largest contributor to any cost of living estimate is housing. Understanding the housing market and costs for a location can be complex. Renting can give you a chance to try out a location before making the major commitment of buying a home. In Wyoming renting a home can actually be more economical than buying. Renting generally has fewer up-front costs and maintenance is generally included, eliminating that responsibility and expense and could potentially leave you with more disposable income and a lower cost of living. ( 2019-03-17 salary.com )

Healthcare access and affordability and your cost of living

Wyoming is ranked number 42 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. Affordability is generally measured by the rates set for insurance coverage in a state, as well as the out-of-pocket expenses that need to be paid by you when receiving the care. If rates or out-of-pocket expenses are high, your cost of living will increase. Access to healthcare is how easy or difficult it may be to receive the care. Access is measured by identifying barriers that might prevent the delivery of care such as the inability to obtain insurance coverage, having to travel long distances to health care centers and lack of sufficient facilities and/or healthcare professionals. The timeliness of care, how fast you can get to see a healthcare provider, is another important measure. ( 2019-03-17 salary.com )



Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2019-03-17 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2019-03-17 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2019-03-17 salary.com )


Last Update: 2019-03-17