Cheapest Places to Live in Wyoming

Access hyperlocal data to help you make a confident and informed decision.

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. Using AI-assisted city-level cost of living estimates, supported by U.S. Census housing data and regional economic modeling, helps identify these affordable regions and gives potential residents a practical way to compare affordability from one city to the next. In a state known for its natural beauty and community spirit, finding affordable living options enhances the overall living experience.

Worland Population: 5,267 7% cheaper than Wyoming average

Med. Home Value: $277,676 Med. Rent: $922 Med. Household Inc.: $80,933

With a cost of living index that is 7% 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: 11,178 5% cheaper than Wyoming average

Med. Home Value: $284,814 Med. Rent: $1,157 Med. Household Inc.: $73,686

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 5% 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: 6,735 5% cheaper than Wyoming average

Med. Home Value: $296,608 Med. Rent: $994 Med. Household Inc.: $75,690

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.

Evanston Population: 12,021 3% cheaper than Wyoming average

Med. Home Value: $307,426 Med. Rent: $986 Med. Household Inc.: $92,307

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. Evanston offers a picturesque and affordable living environment, with a cost of living that is 3% 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 .

Rawlins Population: 8,974 3% cheaper than Wyoming average

Med. Home Value: $324,045 Med. Rent: $1,103 Med. Household Inc.: $102,671

For those wanting to live well on a budget, Rawlins 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: 6,574 equal to Wyoming average

Med. Home Value: $386,556 Med. Rent: $959 Med. Household Inc.: $104,516

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 equal to 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: 60,154 2% more expensive than Wyoming average

Med. Home Value: $383,397 Med. Rent: $1,275 Med. Household Inc.: $86,938

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: 33,262 3% more expensive than Wyoming average

Med. Home Value: $394,894 Med. Rent: $1,257 Med. Household Inc.: $109,615

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 3% more expensive than Wyoming.

Laramie Population: 33,442 3% more expensive than Wyoming average

Med. Home Value: $398,408 Med. Rent: $1,225 Med. Household Inc.: $69,349

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.

Powell Population: 6,395 3% more expensive than Wyoming average

Med. Home Value: $364,915 Med. Rent: $1,313 Med. Household Inc.: $90,916

With a cost of living that is 3% more expensive than Wyoming, Powell 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	5,267	93	$277,676	$80,933
2	Riverton	11,178	95	$284,814	$73,686
3	Torrington	6,735	95	$296,608	$75,690
4	Evanston	12,021	97	$307,426	$92,307
5	Rawlins	8,974	97	$324,045	$102,671
6	Douglas	6,574	100	$386,556	$104,516
7	Casper	60,154	102	$383,397	$86,938
8	Gillette	33,262	103	$394,894	$109,615
9	Laramie	33,442	103	$398,408	$69,349
10	Powell	6,395	103	$364,915	$90,916
11	Rock Springs	23,823	103	$372,432	$111,170
12	Green River	12,428	104	$388,905	$122,116
13	Sheridan	18,519	105	$420,496	$78,348
14	Cheyenne	65,554	105	$420,676	$100,564
15	Lander	7,719	106	$421,242	$84,625
16	Cody	10,018	109	$439,695	$93,283
17	Ranchettes	6,516	120	$713,423	$160,187
18	Jackson	10,972	167	$1,270,127	$112,500

Methodology

To formulate the list of the cheapest places to live in Wyoming, a city-level cost of living model was used with a national average baseline of 100. This framework is designed to provide a practical comparison of how far your dollar may go across different urban areas. Housing estimates incorporate the latest available U.S. Census home price and rental data, while all other values are generated using AI-assisted economic models based on expected everyday expenses, regional pricing trends, climate, transportation patterns, and local economic conditions. The overall index is weighted across key spending categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%).

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.