Rent & Housing in Wyoming
Based on comprehensive economic data across 17 tracked municipalities, Wyoming presents diverse cost of living environments. Macroeconomic modeling identifies Torrington as the most cost-efficient market, contrasting starkly with the elevated real estate valuations found in Jackson. Wyoming offers a highly favorable tax environment with 0% state income tax, though typical property tax rates hover around 0.55%. Financial planning in WY requires careful alignment of localized housing costs against state-level tax obligations.
Use this state hub to understand the statewide housing baseline first, then drop into city pages for a household-level feasibility verdict. The key question here is not just whether Wyoming is “cheap” or “expensive”, but which cities look most livable once rent, home values, taxes, and household income are considered together.
Wyoming sits in the middle: neither uniformly cheap nor uniformly unaffordable. The statewide baseline is 16% average rent burden and 4.5x home-price-to-income, so the best next step is to compare lower-pressure cities against higher-cost metros rather than assuming the whole state behaves the same way.
Wyoming Tax Radar
At a gross income of $74,580, Wyoming enforces a highly favorable 0% effective state tax burden. Compared to standard progressive tax states, moving your payroll here cleanly sidesteps any immediate state-level penalty deductions on your paycheck.
Lower Housing Pressure Cities
These city pages have comparatively lower rent burden inside Wyoming, making them strong candidates for the next housing-feasibility clicks.
Biggest Move-Market Cities
These are the highest-population city pages in the state, useful when you want the major relocation targets before exploring the full table.
Rent Pressure Outliers
These city pages show the highest rent burden inside Wyoming. They are useful when you want to see where renting starts to materially squeeze household budgets.
Buy Pressure Outliers
These city pages have the toughest home-price-to-income ratios in Wyoming, making them the first places to inspect when buy-side affordability is the core concern.
Most Affordable
All Cities in Wyoming
| City | Pop. | Home Value | Rent | Income | Index |
|---|---|---|---|---|---|
| Cheyenne | 64,976 | $311,200 | $1,513 | $77,176 | 100 |
| Casper | 58,754 | $250,700 | $964 | $69,171 | 87 |
| Gillette | 33,278 | $257,200 | $922 | $90,699 | 88 |
| Laramie | 31,848 | $302,200 | $933 | $52,414 | 93 |
| Rock Springs | 23,229 | $245,600 | $943 | $73,307 | 86 |
| Sheridan | 19,035 | $295,300 | $933 | $61,598 | 92 |
| Evanston | 11,803 | $236,400 | $841 | $76,569 | 84 |
| Green River | 11,679 | $255,600 | $912 | $85,399 | 87 |
| Riverton | 10,803 | $204,900 | $885 | $56,280 | 81 |
| Jackson | 10,746 | $1,228,700 | $1,975 | $112,609 | 212 |
| Cody | 10,121 | $357,300 | $1,039 | $68,676 | 100 |
| Rawlins | 8,217 | $205,900 | $833 | $69,912 | 81 |
| Lander | 7,565 | $321,800 | $870 | $71,601 | 94 |
| Powell | 6,466 | $265,400 | $856 | $65,077 | 88 |
| Douglas | 6,400 | $251,500 | $830 | $79,839 | 86 |
| Ranchettes | 6,389 | $560,900 | $658 | $124,426 | 120 |
| Torrington | 6,174 | $194,100 | $816 | $53,393 | 79 |
FAQ: Living in Wyoming
What is the most affordable city to live in Wyoming?+
Among the cities we track, Torrington stands out as the most affordable option in Wyoming. The median home value there is $194,100, and monthly rent typically runs around $816. The local median household income is $53,393, which tends to go further here than in much of the state.
What is the most expensive city in Wyoming?+
Jackson is currently the priciest market in WY. Homes there are valued at a median of $1,228,700, and renters can expect to pay around $1,975/month. Incomes are higher too — the median household earns $112,609 — but whether that fully offsets the cost premium depends on your lifestyle.
How are taxes in Wyoming?+
Wyoming is one of the few US states with no state income tax, which is a significant perk for high earners. However, the state makes up revenue in other ways. Property taxes average 0.55% statewide — among the lowest in the country. Combined state and local sales tax can reach 5.36%.
How much does housing vary across Wyoming?+
There's a huge range. In Torrington, the median home costs around $194,100. In Jackson, that number jumps to $1,228,700 — roughly 5x more. Rents follow a similar pattern: approximately $816/month vs. $1,975/month. Where you choose to settle within WY can make a dramatic difference in your monthly budget.
Is Wyoming a good state to move to?+
It depends on your priorities and budget. Wyoming offers a tax-friendly environment with no state income tax, a wide range of living costs depending on the city. You can find very affordable communities alongside expensive metro areas. Home prices range from around $194,100 in budget-friendly areas to $1,228,700 in premium markets. Use the city comparison tool to compare housing, rent, property tax, and everyday cost pressure across locations in WY.
Explore Other States
- Real Estate & Housing: Zillow Home Value Index (ZHVI, Smoothed & Seasonally Adjusted) and Zillow Observed Rent Index (ZORI). Structural fallback utilizes U.S. Census Bureau ACS 5-Year Estimates.
- Goods, Utilities & Services: U.S. Bureau of Economic Analysis (BEA) Metropolitan Area Regional Price Parities (MARPP), incorporating verified State Nonmetropolitan averages.
- Mortgage Rates: Freddie Mac 30-Year Fixed Rate Mortgage Average in the United States (PMMS) via Federal Reserve Economic Data (FRED).
- Tax Context: State-level property, sales, and income-tax context used for place-side relocation planning. Personal take-home pay and offer analysis are handled by salary.city.
- Index Methodology: Weighting matrix derived from Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CEX) distributional models. Baseline standardized at 100. (Read methodology details)