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
Paycheck Calculator
Take-home pay after taxes
Cost of Living
Budget against local prices
Salary Needed
Income to live comfortably
Rent Affordability
Rent you can afford
Home Affordability
Home price you can afford
Budget Planner
50/30/20 at local prices
Retirement
What you need to retire here
Salary Equivalence
Compare pay across states
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.