Wyoming, MN Cost Of Living
Cost Of Living In Wyoming, MN Summary
Cost of living in Wyoming research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Wyoming is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Wyoming is 107, with 100 being the average.
The cost of living index in Wyoming is 1.1x higher than the national average.
Wyoming ranks as the #89 cheapest in Minnesota out of 147.
Wyoming ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Wyoming is $264,400.
The median income in Wyoming is $88,819.
Table Of Contents
Wyoming's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Wyoming, MN?
According to the most recent data on the cost of living, Wyoming has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Wyoming has a cost of living index that's 1.1x higher than Minnesota's index of 95.
The standard of living in Wyoming ranks as #89 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Wyoming ranks as the #58 most expensive place in the North Star State.
For more reading on life in Wyoming, check out:
- Living In Wyoming
- Wyoming Crime Report
- Search Homes For Sale In Wyoming, MN
In Minnesota
In America
Wyoming Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Wyoming. Here is how it fairs on each of the criteria:
The Services index in Wyoming is 112.
The Groceries index in Wyoming is 103.
The Health index in Wyoming is 102.
The Housing index in Wyoming is 107.
The Transportation index in Wyoming is 102.
The Utilities index in Wyoming is 97.
| Living Expense | Wyoming | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 107 | 95 | 100 | |
| Services | 112 | 101 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 102 | 111 | 100 | |
| Housing | 107 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 97 | 95 | 100 | |
Wyoming, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Wyoming is $264,400.
The Median Rent in Wyoming is $1,083.
The Median Income in Wyoming is $88,819.
The Home Value To Income in Wyoming is 3.0x.
The Rent To Monthly Income in Wyoming is 0.15x.
| Statistic | Wyoming | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $264,400 | $250,200 | $244,900 |
| Median Rent | $1,083 | $1,081 | $1,163 |
| Median Income | $88,819 | $77,706 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Wyoming, MN Costs By Category
Detailed Wyoming Services Costs Vs. Minnesota
Detailed Wyoming Groceries Costs Vs. Minnesota
Detailed Wyoming Health Costs Vs. Minnesota
Detailed Wyoming Transportation Costs Vs. Minnesota
Detailed Wyoming Utilities Costs Vs. Minnesota
Wyoming SnackAbility
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Cost Of Living In Cities Around Wyoming
The cost of living varies in the cities and towns around Wyoming. Here's a quick look at the cost of living in the most populous nearby places:
Blaine, MN has a cost of living index of 104, 1.0x Wyoming.
Andover, MN has a cost of living index of 114, 1.1x Wyoming.
Shoreview, MN has a cost of living index of 110, 1.0x Wyoming.
| City | Population | Cost Of Living | Vs. Wyoming |
|---|---|---|---|
| Blaine, MN | 68,999 | 104 | 1.0x |
| Andover, MN | 32,471 | 114 | 1.1x |
| Shoreview, MN | 26,871 | 110 | 1.0x |
| Lino Lakes, MN | 21,180 | 114 | 1.1x |
| Forest Lake, MN | 20,366 | 110 | 1.0x |
| Ham Lake, MN | 16,389 | 114 | 1.1x |
| Hugo, MN | 15,541 | 112 | 1.0x |
| Mounds View, MN | 13,187 | 99 | 0.9x |
| East Bethel, MN | 11,818 | 107 | 1.0x |
| North Branch, MN | 10,742 | 99 | 0.9x |
