Cost of Living in Laramie County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Laramie County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Laramie County, Wyoming
Laramie County: Close to National Norms
Laramie County's rent-to-income ratio of 16.6% sits just above the national benchmark, suggesting relatively balanced housing costs despite a median income of $77,884 exceeding the national average of $74,755. This county represents one of the few Wyoming markets where renter affordability aligns reasonably well with national patterns.
Better-Than-Average Wyoming Affordability
Laramie County's 16.6% rent-to-income ratio ranks below Wyoming's state average of 15.5% by just 1.1 percentage points, placing it near the middle of the state's affordability spectrum. Higher median income than most Wyoming counties ($77,884) provides cushion that softens housing cost pressure.
Premium Pricing, Premium Wages
Laramie's median rent of $1,080/month runs 15% above the state average and reflects its status as Wyoming's largest metro area, anchored by Cheyenne. Home values hit $324,900—third-highest among surveyed counties—yet higher local wages ($77,884 median) make the math work better than in rural peers.
Laramie's Income Absorbs Housing Costs
Renters dedicate $1,080 monthly while homeowners carry $1,463, yet median household income of $77,884 means families still devote only 16.6% to rent—manageable by modern standards. The wage advantage makes Laramie's higher housing costs feel less punishing than they appear on paper.
Laramie County Rewards Wage-Earners
If you're relocating with a professional salary or remote income, Laramie County offers metro amenities without the coastal cost crisis—and local wages actually exceed the national median. Higher rents reflect real job opportunities; compare your offer against that $77,884 county median before deciding.
Affordability Calculator
See how your income compares to housing costs in Laramie County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$1,817
per month
Owner Cost Burden
22.5%
of gross income
The median home in Laramie County may be a stretch
Median home value is $324,900. Estimated monthly cost: $2,594 vs. your max of $1,817.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.