| Index | Wyoming | Michigan | National |
| Cost of living | 92 | 91 | 100 |
| Groceries | 98 | 98 | 100 |
| Health care | 95 | 97 | 100 |
| Housing | 81 | 76 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 100 | 100 | 100 |
| Lifestyle & Entertainment | 94 | 96 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 95 | 95 | 100 |
The cost of living in Wyoming 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 Wyoming is 92, which is 8% lower 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 Wyoming aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Wyoming residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Wyoming 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 Wyoming, the median home price is 25.2% lower than what most folks pay across the country, and monthly rent prices are 3.3% lower than the usual rates. Income levels in Wyoming come in at $83,425, which is 2.6% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Wyoming, the standard sales tax rate starts at 6%, and the income tax rates commence at 4.25%.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Wyoming, the transportation index is 2.3% lower than the national average.
The Wyoming 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 | $102,728 | $8,561 | $2,397 | $3,082 |
| Renters | $55,926 | $4,661 | $1,305 | $1,678 |
| State | General Sales Tax | With Max Surtax |
| Michigan | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Michigan | 4.25% | 4.25% |
| City | Population | Cost of Living Index | National Avg. |
| Coopersville, MI | 4,554 | 94 | 5.9% |
| Middleville, MI | 3,582 | 94 | 6.3% |
| Comstock Park, MI | 11,032 | 95 | 4.8% |
| Cutlerville, MI | 18,417 | 95 | 5.3% |
| Grand Rapids, MI | 204,117 | 96 | 4.0% |
| Wyoming, MI | 78,208 | 92 | 7.7% |
| City | Population | Cost of Living Index | National Avg. |
| Baldwin Park, CA | 78,285 | 145 | 45.3% |
| Kalamazoo, MI | 78,286 | 88 | 11.9% |
| Bellflower, CA | 78,041 | 151 | 50.6% |
| Iowa City, IA | 77,990 | 102 | 2.2% |
| Arlington Heights, IL | 77,990 | 124 | 24.1% |
| Wyoming, MI | 78,208 | 92 | 7.7% |
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