What is the cost of living in Laramie, WY?
According to the most recent data on the cost of living, Laramie has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Wyoming, Laramie has a cost of living index that's 1.0x higher than Wyoming's index of 101.
The standard of living in Laramie ranks as #10 most affordable out of the 17 places we measured in Wyoming. By definition, that implies Laramie ranks as the #7 most expensive place in the Equality State.
For more reading on life in Laramie, check out:
Laramie Cost Of Living Vs. Wyoming
Six factors go into calculating the cost of living index in Laramie. Here is how it fares on each of the criteria:
The Services index in Laramie is 99.
The Groceries index in Laramie is 102.
The Health index in Laramie is 109.
The Housing index in Laramie is 98.
The Transportation index in Laramie is 102.
The Utilities index in Laramie is 96.
| Living Expense | Laramie | Wyoming | National Average |
|---|---|---|---|
| Overall | 105 | 101 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 102 | 97 | 100 |
| Health | 109 | 102 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 102 | 104 | 100 |
| Utilities | 96 | 98 | 100 |
Laramie Cost Of Living Compared To Wyoming Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Wyoming, check out:
Protect your home budget Compare home warranties in Laramie Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Laramie, WY Housing Cost Breakdown
Housing swings affordability the most between places in Wyoming, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Laramie is $372,385.
The Median Rent in Laramie is $925.
The Median Income in Laramie is $55,613.
The Home Value To Income in Laramie is 6.7x.
The Rent To Monthly Income in Laramie is 0.2x.
Laramie, WY Costs By Category
Detailed Laramie Services costs vs. Wyoming
Detailed Laramie Groceries costs vs. Wyoming
Detailed Laramie Health costs vs. Wyoming
Detailed Laramie Transportation costs vs. Wyoming
Laramie SnackAbility
Cost Of Living In Cities Around Laramie
The cost of living varies in the cities and towns around Laramie. Here's a quick look at the cost of living in the most populous nearby places:
Cheyenne, WY has a cost of living index of 106, 1.0x Laramie.
Ranchettes, WY has a cost of living index of 121, 1.2x Laramie.
| City | Population | Cost Of Living | Vs. Laramie |
|---|---|---|---|
| Cheyenne, WY | 65,239 | 106 | 1.0x |
| Ranchettes, WY | 5,949 | 121 | 1.2x |
