The 10 Most Expensive Places To Live In Wyoming For 2022


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 2022. This is our ninth 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 2022.

So where is the most expensive place to live in Wyoming? That would be Jackson.
the 2016-2020 American Community Survey for the 40 places in Wyoming with more than 1,000 people.

Here are the 10 most expensive places to live in Wyoming for 2022:

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

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 2022

1. Jackson

Jackson, WY

Source: Public domain
Overall SnackAbility

8
/10

Population: 10,585
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 9.2x (most expensive)
Income To Rent Ratio: 50.7x (2nd most expensive)
More on Jackson: Real Estate | Data | Photos

The median income in Jackson comes in at $76,518 and the median home value is $702,700 for 2022.

2. Star Valley Ranch

Overall SnackAbility

4
/10

Population: 2,191
Rank Last Year: 3 (Up 1)
Home Price To Income Ratio: 3.7x (11th most expensive)
Income To Rent Ratio: 58.8x (8th most expensive)
More on Star Valley Ranch: Real Estate | Data

The median income in Star Valley Ranch comes in at $84,524 and the median home value is $308,900 for 2022.

3. Sheridan

Sheridan, WY

Overall SnackAbility

8.5
/10

Population: 17,938
Rank Last Year: 9 (Up 5)
Home Price To Income Ratio: 4.5x (4th most expensive)
Income To Rent Ratio: 62.1x (11th most expensive)
More on Sheridan: Real Estate | Data | Photos

The median income in Sheridan comes in at $52,167 and the median home value is $235,600 for 2022.

4. Lander

Lander, WY

Overall SnackAbility

8.5
/10

Population: 7,533
Rank Last Year: 10 (Up 6)
Home Price To Income Ratio: 4.1x (8th most expensive)
Income To Rent Ratio: 59.5x (9th most expensive)
More on Lander: Real Estate | Data | Photos

The median income in Lander comes in at $57,938 and the median home value is $239,400 for 2022.

5. Laramie

Laramie, WY

Source: Public domain
Overall SnackAbility

8
/10

Population: 32,515
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 4.7x (3rd most expensive)
Income To Rent Ratio: 57.6x (5th most expensive)
More on Laramie: Real Estate | Data | Photos

The median income in Laramie comes in at $47,463 and the median home value is $225,400 for 2022.

6. Cody

Cody, WY

Overall SnackAbility

8.5
/10

Population: 9,810
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 3.8x (10th most expensive)
Income To Rent Ratio: 65.4x (13th most expensive)
More on Cody: Real Estate | Data | Photos

The median income in Cody comes in at $63,145 and the median home value is $240,300 for 2022.

7. Afton

Afton, WY

Overall SnackAbility

5
/10

Population: 1,984
Rank Last Year: 2 (Down 5)
Home Price To Income Ratio: 5.1x (2nd most expensive)
Income To Rent Ratio: 73.5x (18th most expensive)
More on Afton: Real Estate | Data | Photos

The median income in Afton comes in at $46,000 and the median home value is $235,400 for 2022.

8. Buffalo

Buffalo, WY

Overall SnackAbility

6
/10

Population: 4,606
Rank Last Year: 7 (Down 1)
Home Price To Income Ratio: 4.3x (6th most expensive)
Income To Rent Ratio: 62.2x (12th most expensive)
More on Buffalo: Real Estate | Data | Photos

The median income in Buffalo comes in at $53,428 and the median home value is $227,800 for 2022.

9. Sundance

Overall SnackAbility

6
/10

Population: 1,438
Rank Last Year: 5 (Down 6)
Home Price To Income Ratio: 4.3x (5th most expensive)
Income To Rent Ratio: 73.6x (19th most expensive)
More on Sundance: Real Estate | Data

The median income in Sundance comes in at $54,886 and the median home value is $234,600 for 2022.

10. Cheyenne

Cheyenne, WY

Overall SnackAbility

8
/10

Population: 64,099
Rank Last Year: 11 (Down 1)
Home Price To Income Ratio: 3.3x (13th most expensive)
Income To Rent Ratio: 77.8x (2most expensive)
More on Cheyenne: Real Estate | Data | Photos

The median income in Cheyenne comes in at $68,611 and the median home value is $229,100 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Equality State For 2022

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 2016-2020 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 40 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 2022

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. Basin
  3. Marbleton

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 10,585 9.2x 50.7x
2 Star Valley Ranch 7.0 2,191 3.7x 58.8x
3 Sheridan 7.33 17,938 4.5x 62.1x
4 Lander 7.33 7,533 4.1x 59.5x
5 Laramie 7.33 32,515 4.7x 57.6x
6 Cody 9.0 9,810 3.8x 65.4x
7 Afton 9.33 1,984 5.1x 73.5x
8 Buffalo 9.67 4,606 4.3x 62.2x
9 Sundance 11.0 1,438 4.3x 73.6x
10 Cheyenne 14.67 64,099 3.3x 77.8x
11 Casper 15.0 58,287 3.6x 70.6x
12 Powell 17.0 6,238 3.3x 70.2x
13 Pinedale 18.67 2,173 2.7x 78.0x
14 Upton 19.67 1,232 3.2x 57.1x
15 Mountain View 21.0 1,042 3.3x 78.5x
16 Riverton 22.67 10,913 3.1x 66.3x
17 Gillette 23.33 32,513 2.9x 89.0x
18 Mills 25.0 3,955 2.7x 58.3x
19 Torrington 25.0 6,597 3.1x 78.9x
20 Rock Springs 25.33 23,238 2.8x 85.2x
21 Wright 25.33 1,835 2.3x 58.7x
22 Glenrock 25.33 2,576 2.8x 84.7x
23 Bar Nunn 25.67 2,786 2.6x 101.2x
24 Green River 25.67 12,025 2.7x 94.7x
25 Evansville 25.67 2,974 2.8x 85.8x
26 Lusk 26.33 1,589 2.6x 49.5x
27 Newcastle 26.67 3,395 2.7x 61.1x
28 Lovell 26.67 2,322 3.3x 91.1x
29 Wheatland 27.0 3,543 2.6x 77.7x
30 Douglas 27.0 6,369 3.0x 108.7x
31 Lyman 27.67 1,723 2.4x 81.4x
32 Saratoga 30.33 1,591 2.6x 119.2x
33 Worland 31.0 5,112 2.8x 90.0x
34 Evanston 32.0 11,727 2.7x 95.6x
35 Rawlins 32.0 8,716 2.6x 94.8x
36 Thermopolis 32.33 2,747 2.5x 83.2x
37 Greybull 32.67 2,145 2.3x 72.9x
38 Marbleton 33.67 1,296 2.4x 85.6x
39 Basin 35.67 1,421 2.3x 78.7x
40 Kemmerer 39.33 2,758 2.2x 102.7x

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.