Cheapest Places to Live in Wyoming

Wyoming, known for its stunning natural beauty, wide-open spaces, and rich history, offers a high quality of life at a relatively low cost. Landmarks such as Yellowstone National Park, Grand Teton National Park, and Devils Tower highlight the state's appeal. The state's economy is diverse, with significant contributions from sectors such as energy, agriculture, and tourism. Wyoming's tax structure is quite favorable, with no state income tax and relatively low property taxes, enhancing the overall affordability for residents. Despite recent inflation and rising food costs, Wyoming remains one of the more affordable states in the western region, especially in its smaller towns and rural areas. The combination of a diverse economy and favorable tax policies makes Wyoming an attractive place for those seeking affordability and quality of life.

Affordable living in Wyoming can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a crucial factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Wyoming include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its natural beauty and community spirit, finding affordable living options enhances the overall living experience.

Worland Population: 5,112 8% cheaper than Wyoming average

Med. Home Value: $152,000 Med. Rent: $610 Med. Household Inc.: $54,928

With a cost of living index that is 8% cheaper than the state average, Worland is the cheapest place to live in Wyoming. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Worland provides an inviting and cost-effective environment to call home.

Riverton Population: 10,913 6% cheaper than Wyoming average

Med. Home Value: $156,700 Med. Rent: $760 Med. Household Inc.: $50,408

The second most affordable city in Wyoming is Riverton and stands out for its cost-effective lifestyle. With an overall cost of living that is 6% cheaper than the Wyoming average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Torrington Population: 6,597 5% cheaper than Wyoming average

Med. Home Value: $160,800 Med. Rent: $655 Med. Household Inc.: $51,658

Torrington lands in the #3 spot for the cheapest cities to live in Wyoming, with a cost of living that is 5% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

Rawlins Population: 8,716 4% cheaper than Wyoming average

Med. Home Value: $180,500 Med. Rent: $741 Med. Household Inc.: $70,255

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Rawlins offers a picturesque and affordable living environment, with a cost of living that is 4% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Evanston Population: 11,727 3% cheaper than Wyoming average

Med. Home Value: $169,300 Med. Rent: $652 Med. Household Inc.: $62,356

For those wanting to live well on a budget, Evanston is ideal, with a cost of living that is 3% cheaper than the state average. Reasonable housing prices (compared to the Wyoming average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Douglas Population: 6,369 2% cheaper than Wyoming average

Med. Home Value: $209,800 Med. Rent: $634 Med. Household Inc.: $68,923

Douglas comes in at #6 on our list of the cheapest cities in Wyoming and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 2% cheaper than Wyoming. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Casper Population: 58,287 1% more expensive than Wyoming average

Med. Home Value: $213,900 Med. Rent: $842 Med. Household Inc.: $59,412

With its cost-effective lifestyle, Casper is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Gillette Population: 32,513 1% more expensive than Wyoming average

Med. Home Value: $217,400 Med. Rent: $830 Med. Household Inc.: $73,867

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Gillette fits that mold and has a cost of living that is 1% more expensive than Wyoming.

Laramie Population: 32,515 3% more expensive than Wyoming average

Med. Home Value: $225,400 Med. Rent: $824 Med. Household Inc.: $47,463

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Laramie is one of the most affordable cities in Wyoming, and has a cost of living that is 3% more expensive than the state average.

Rock Springs Population: 23,238 3% more expensive than Wyoming average

Med. Home Value: $205,300 Med. Rent: $876 Med. Household Inc.: $74,625

With a cost of living that is 3% more expensive than Wyoming, Rock Springs comes in at #10 on our list of the cheapest places to live in Wyoming. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Wyoming

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Worland	5,112	90	$152,000	$54,928
2	Riverton	10,913	92	$156,700	$50,408
3	Torrington	6,597	94	$160,800	$51,658
4	Rawlins	8,716	94	$180,500	$70,255
5	Evanston	11,727	95	$169,300	$62,356
6	Douglas	6,369	97	$209,800	$68,923
7	Casper	58,287	99	$213,900	$59,412
8	Gillette	32,513	99	$217,400	$73,867
9	Laramie	32,515	101	$225,400	$47,463
10	Rock Springs	23,238	101	$205,300	$74,625
11	Green River	12,025	103	$221,800	$80,871
12	Lander	7,533	103	$239,400	$57,938
13	Cheyenne	64,099	104	$229,100	$68,611
14	Powell	6,238	104	$198,300	$60,227
15	Sheridan	17,938	108	$235,600	$52,167
16	Cody	9,810	110	$240,300	$63,145
17	Ranchettes	6,384	120	$406,900	$106,513
18	Jackson	10,585	170	$702,700	$76,518

Methodology

To formulate the list of the cheapest places to live in Wyoming, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.