| Index | Laramie | Wyoming | National |
| Cost of living | 103 | 100 | 100 |
| Groceries | 101 | 101 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 111 | 102 | 100 |
| Transportation | 97 | 100 | 100 |
| Utilities | 101 | 103 | 100 |
| Lifestyle & Entertainment | 96 | 98 | 100 |
| Household Items | 101 | 99 | 100 |
| Education & Childcare | 102 | 97 | 100 |
The cost of living in Laramie affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Laramie is 103, which is 3% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Laramie closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Laramie can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 9 locals to understand their opinions on the cost of living in Laramie. The results indicated that 22% found it reasonably priced with decreasing prices of goods and services, while 78% viewed it as quite expensive, with increasing prices.
Is Laramie affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Laramie, the median home price is 22% higher than the national average and monthly rent prices are 15.2% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Laramie boasting a median household income of $69,349, 14.7% lower than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Laramie, the utilities index stands at 1.3% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Laramie, the groceries index is 0.6% higher than the national average.
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 Laramie, is 10.8% higher than the national average.
The Laramie 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 | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $124,938 | $10,412 | $2,915 | $3,749 |
| Renters | $42,924 | $3,577 | $1,001 | $1,288 |
| 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. |
| Laramie, WY | 33,442 | 103 | 3.0% |
| City | Population | Cost of Living Index | National Avg. |
| St. Charles, IL | 33,452 | 118 | 17.6% |
| La Verne, CA | 33,460 | 166 | 65.8% |
| Pekin, IL | 33,468 | 88 | 11.8% |
| Saint-Georges, QC | 33,468 | n/a | |
| College Park, MD | 33,475 | 129 | 29.1% |
| Laramie, WY | 33,442 | 103 | 3.0% |
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