Wyoming, MN

Living costs in Wyoming land close to the national average, with a Cost Index of 108 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $384,166, and typical monthly rents run around $1,117. Groceries and utilities are in line with what you would find in most US cities.

Start with housing. Typical monthly rent is $1,117, while local median household income is $101,938. That implies a rent-burden proxy of about 13% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Minnesota has a progressive state income tax with a top rate of 9.85%. The effective property tax rate is 1.11%. On a home worth $384,166, that translates to roughly $4,264 per year in property taxes. Sales tax (state + local) averages around 7.54% on everyday purchases.

The typical monthly rent in Wyoming is around $1,117. That's roughly 17% lower than the $1,348 national median. For comparison, the median home value here is $384,166, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Wyoming is valued at $384,166. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,943/month for principal and interest alone — before property taxes and insurance. About 89% of residents here own their homes.

Grocery prices in Wyoming are about average compared to the rest of the US (index: 103, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 93). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Wyoming is a small town with a population of about 8,063. The median age of residents is 40.1, which is close to the national median. The local poverty rate is 3.29%, well below the national average of 12.4%.