The 10 Most Expensive Places To Live In Wyoming For 2023


We used science and data to determine which cities in Wyoming that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2023. This is our tenth time ranking the most expensive places to live in Wyoming.

Everyone wants a home that mixes affordability with comfort and Wyoming does this very well. Families love the Equality State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Wyoming that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Wyoming for 2023.

So where is the most expensive place to live in Wyoming? That would be Jackson.
the 2017-2021 American Community Survey for the 42 places in Wyoming with more than 1,000 people.

Here are the 10 most expensive places to live in Wyoming for 2023:

  1. Jackson
  2. Star Valley Ranch
  3. Cody
  4. Laramie
  5. Sheridan
  6. Buffalo
  7. Sundance
  8. Lander
  9. Afton
  10. Pinedale

What's the most expensive place to live in Wyoming? Well, HomeSnacks crunched the numbers and discovered that Jackson is the most expensive place to live in Wyoming.

So hopefully Kemmerer (the cheapest place to live in Wyoming) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Wyoming and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Wyoming For 2023

1. Jackson

Jackson, WY

Source: Public domain
Overall SnackAbility

8
/10

Population: 10,728
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 10.0x (most expensive)
Income To Rent Ratio: 52.0x (2nd most expensive)
More on Jackson: Real Estate | Data | Photos

The median income in Jackson comes in at $83,289 and the median home value is $836,300 for 2023.

2. Star Valley Ranch

Overall SnackAbility

5
/10

Population: 2,168
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 4.1x (10th most expensive)
Income To Rent Ratio: 53.3x (3rd most expensive)
More on Star Valley Ranch: Real Estate | Data

The median income in Star Valley Ranch comes in at $82,647 and the median home value is $340,100 for 2023.

3. Cody

Cody, WY

Overall SnackAbility

8.5
/10

Population: 10,055
Rank Last Year: 6 (Up 3)
Home Price To Income Ratio: 4.4x (8th most expensive)
Income To Rent Ratio: 59.5x (7th most expensive)
More on Cody: Real Estate | Data | Photos

The median income in Cody comes in at $59,682 and the median home value is $260,300 for 2023.

4. Laramie

Laramie, WY

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 31,501
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 5.2x (2nd most expensive)
Income To Rent Ratio: 53.3x (4th most expensive)
More on Laramie: Real Estate | Data | Photos

The median income in Laramie comes in at $45,299 and the median home value is $234,500 for 2023.

5. Sheridan

Sheridan, WY

Overall SnackAbility

8
/10

Population: 18,660
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 4.8x (3rd most expensive)
Income To Rent Ratio: 61.9x (8th most expensive)
More on Sheridan: Real Estate | Data | Photos

The median income in Sheridan comes in at $52,104 and the median home value is $250,400 for 2023.

6. Buffalo

Buffalo, WY

Overall SnackAbility

7
/10

Population: 4,389
Rank Last Year: 8 (Up 2)
Home Price To Income Ratio: 4.6x (4th most expensive)
Income To Rent Ratio: 56.0x (6th most expensive)
More on Buffalo: Real Estate | Data | Photos

The median income in Buffalo comes in at $51,111 and the median home value is $232,600 for 2023.

7. Sundance

Overall SnackAbility

6
/10

Population: 1,361
Rank Last Year: 11 (Up 4)
Home Price To Income Ratio: 4.5x (6th most expensive)
Income To Rent Ratio: 73.6x (16th most expensive)
More on Sundance: Real Estate | Data

The median income in Sundance comes in at $57,727 and the median home value is $259,900 for 2023.

8. Lander

Lander, WY

Overall SnackAbility

8
/10

Population: 7,551
Rank Last Year: 4 (Down 4)
Home Price To Income Ratio: 3.8x (11th most expensive)
Income To Rent Ratio: 67.0x (11th most expensive)
More on Lander: Real Estate | Data | Photos

The median income in Lander comes in at $65,014 and the median home value is $250,300 for 2023.

9. Afton

Afton, WY

Overall SnackAbility

5
/10

Population: 2,181
Rank Last Year: 7 (Down 2)
Home Price To Income Ratio: 4.5x (5th most expensive)
Income To Rent Ratio: 77.4x (19th most expensive)
More on Afton: Real Estate | Data | Photos

The median income in Afton comes in at $54,250 and the median home value is $246,800 for 2023.

10. Pinedale

Pinedale, WY

Overall SnackAbility

7
/10

Population: 2,058
Rank Last Year: 15 (Up 6)
Home Price To Income Ratio: 3.2x (17th most expensive)
Income To Rent Ratio: 66.2x (10th most expensive)
More on Pinedale: Real Estate | Data | Photos

The median income in Pinedale comes in at $79,485 and the median home value is $252,300 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The Equality State For 2023

Map Of The Cheapest Places To Live In Wyoming
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2017-2021 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Wyoming to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 42 places in Wyoming that have more than 1,000 people.

The place with the highest cost of living in Wyoming according to the data is Jackson. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Wyoming For 2023

Well there you have it, the places in Wyoming that have the highest cost of living, with Jackson ranking as the most expensive city in the Equality State.

Here's a look at the most affordable cities in Wyoming according to the data:

  1. Kemmerer
  2. Newcastle
  3. Basin

For more Wyoming reading, check out:

Detailed List Of The Most Expensive Cities In Wyoming

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Jackson 1.33 10,728 10.0x 52.0x
2 Star Valley Ranch 5.0 2,168 4.1x 53.3x
3 Cody 6.0 10,055 4.4x 59.5x
4 Laramie 6.33 31,501 5.2x 53.3x
5 Sheridan 6.67 18,660 4.8x 61.9x
6 Buffalo 8.0 4,389 4.6x 56.0x
7 Sundance 8.67 1,361 4.5x 73.6x
8 Lander 10.67 7,551 3.8x 67.0x
9 Afton 11.67 2,181 4.5x 77.4x
10 Pinedale 11.67 2,058 3.2x 66.2x
11 Casper 14.33 58,547 3.5x 68.6x
12 Pine Bluffs 14.67 1,273 4.4x 90.5x
13 Ranchester 15.33 1,211 4.2x 90.3x
14 Cheyenne 15.33 64,610 3.4x 78.0x
15 Powell 16.33 6,385 3.5x 74.4x
16 Riverton 17.67 10,619 3.3x 65.1x
17 Wheatland 19.33 3,567 3.2x 71.5x
18 Glenrock 19.67 2,914 3.0x 72.7x
19 Torrington 20.67 6,196 3.1x 70.1x
20 Mills 20.83 4,106 2.9x 50.9x
21 Bar Nunn 21.67 2,897 2.6x 90.0x
22 Rock Springs 21.67 23,505 2.9x 85.2x
23 Lovell 22.0 2,176 3.2x 76.9x
24 Lusk 22.33 1,577 2.8x 54.6x
25 Green River 24.0 11,887 2.8x 93.6x
26 Gillette 27.33 33,047 2.7x 99.5x
27 Lyman 28.0 1,729 2.3x 87.3x
28 Evansville 28.0 2,730 2.7x 97.2x
29 Douglas 28.33 6,330 2.9x 106.5x
30 Evanston 30.0 11,802 2.7x 93.7x
31 Saratoga 30.33 1,693 2.6x 110.1x
32 Rawlins 30.33 8,382 2.7x 101.5x
33 Marbleton 30.67 1,165 2.4x 83.1x
34 Wright 31.33 1,754 2.1x 86.4x
35 Guernsey 33.33 1,016 2.0x 80.2x
36 Greybull 33.5 2,187 2.2x 81.8x
37 Thermopolis 33.67 2,826 2.4x 93.8x
38 Upton 33.67 1,031 2.2x 82.9x
39 Worland 34.67 4,843 2.5x 106.8x
40 Basin 35.0 1,356 2.0x 81.2x
41 Newcastle 36.0 3,283 2.3x 98.9x
42 Kemmerer 37.0 2,632 2.1x 97.4x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.