| Index | Cheyenne | Wyoming | National |
| Cost of living | 105 | 100 | 100 |
| Groceries | 101 | 101 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 118 | 102 | 100 |
| Transportation | 100 | 100 | 100 |
| Utilities | 104 | 103 | 100 |
| Lifestyle & Entertainment | 101 | 98 | 100 |
| Household Items | 101 | 99 | 100 |
| Education & Childcare | 95 | 97 | 100 |
Understanding the cost of living in Cheyenne can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Cheyenne cost of living index is 105, which is 5% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
In Cheyenne, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Cheyenne will resemble that of an average city, contributing to a manageable cost of living.
Nobody knows their city better than the people who actually live there. So, we asked 17 local residents how they would rate the cost of living in Cheyenne and this is how they responded. 12% of people said that the cost of living was affordable, with prices decreasing, while 88% of people said that the cost of living was very expensive and prices continue to rise.
Is Cheyenne an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Cheyenne, the median home price is 28.8% higher than what most folks pay across the country, and monthly rent prices are 7.2% lower than the usual rates. Income levels in Cheyenne come in at $100,564, which is 23.6% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Cheyenne comes in at 4% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Cheyenne, is 18% higher than the national average.
The Cheyenne cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $121,981 | $10,165 | $2,846 | $3,660 |
| Renters | $59,896 | $4,991 | $1,397 | $1,797 |
| State | General Sales Tax | With Max Surtax |
| Wyoming | 4% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Wyoming | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| South Greeley, WY | 4,643 | 88 | 11.6% |
| Fox Farm-College, WY | 4,267 | 102 | 2.0% |
| Warren AFB, WY | 3,113 | 108 | 7.9% |
| Ranchettes, WY | 6,516 | 120 | 20.2% |
| Cheyenne, WY | 65,554 | 105 | 5.3% |
| City | Population | Cost of Living Index | National Avg. |
| Haverhill, MA | 65,500 | 128 | 28.3% |
| Halton Hills, ON | 65,483 | n/a | |
| Bellevue, NE | 65,626 | 97 | 3.0% |
| The Hammocks, FL | 65,641 | 129 | 28.6% |
| Port Orange, FL | 65,435 | 108 | 7.7% |
| Cheyenne, WY | 65,554 | 105 | 5.3% |
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