CostByState

Cost of Living in Wyoming

How much does it cost to live in Wyoming? This page pulls together the numbers that actually shape your budget — no state income tax, a median home price of $367,664, and a median household income of $75,532. Every figure is cited and refreshed monthly, and the calculators below let you plug in your own salary and household to see what life in Wyoming really costs you.

Key Wyoming figures

State income tax

None

No state income tax

Source: Wyoming Department of Revenue · as of 2026 · methodology

Median home price

$367,664

Typical home value

Source: Zillow Research (ZHVI) · as of 2026-05 · methodology

Median household income

$75,532

$44,008 per capita

Source: US Census Bureau, ACS 1-Year 2024 · as of 2024 · methodology

Electricity price

14.68¢/kWh

Residential average

Source: US EIA, Electric Power Monthly (residential price) · as of 2026-04 · methodology

Population

587,618

US Census estimate

Wyoming calculators

Living in Wyoming: what the numbers say

Wyoming's headline advantage is that it takes no cut of your paycheck for state income tax — a real boost to take-home pay compared with high-tax states. But "no income tax" rarely means "cheap overall": states without an income tax usually lean on sales and property taxes instead, which hit your budget in less visible ways.

Housing is where Wyoming is won or lost. At a median home price of $367,664 against a median household income of $75,532, homes cost about 4.9× yearly income — within reach for many dual-income households. Use the home and rent calculators below to see what your income supports here.

Day-to-day costs add up too: residential electricity in Wyoming runs about 14.68¢ per kilowatt-hour, one of the recurring bills the cost-of-living tools fold into a realistic monthly budget.

Frequently asked questions

Is Wyoming an expensive state to live in?
It depends on your income and housing situation. Wyoming has no state income tax and a median home price of $367,664. The calculators on this page turn those figures into a number for your specific salary and household.
How much do you need to earn to live comfortably in Wyoming?
That varies with household size, whether you rent or own, and your lifestyle. Start with the Wyoming paycheck calculator to see your take-home pay, then the cost-of-living tools to compare it against local expenses.
Where do these Wyoming numbers come from?
Tax figures come from state and IRS sources, home values from Zillow, income and population from the US Census, and energy prices from the EIA — each shown with its date. See our methodology page for the full list and update schedule.