Direct Answer
Laramie, WY has a CostOfCity index of 94, which is 6% below the national baseline. Average modeled rent is $925/month and the single-adult living cost estimate is $3,411/month.
How to Use This City Page
Cost of Living in Laramie: The Full Picture
Laramie is home to roughly 33,000 people in the heart of Wyoming's western landscape. With everyday expenses running 6% below the national average, this is a city where a gateway economy where proximity to national parks and ski resorts creates seasonal employment surges. That economic DNA shapes everything from housing to what you pay for a plumber. Below you'll find cost data across every category we track.
Laramie has an emerging tech satellite where companies establish remote-friendly offices at a fraction of Bay Area costs
The housing market features a housing market that mostly tracks national trends, with surprises in specific neighborhoods
Mild temperatures keep utility costs moderate, but the high cost of environmental compliance adds to construction and renovation budgets.. The lifestyle here is characterized by Farm-to-table dining, yoga studios on every corner, and a wellness culture that adds 10% to the grocery bill..
Laramie is genuinely affordable by American standards. A cost index of 94 translates to real, material savings on housing, services, and daily expenses compared to most metro areas.
💰 Purchasing Power in Laramie
Purchasing power adjusted to national average baseline. In Laramie, your dollar buys 6% more than the national average.
🔺 Where Laramie Costs More
🔽 Where Laramie Costs Less
💰 Salary Landscape
vs national average · higher = better
Monthly Living Expenses in Laramie
What it actually costs to live in Laramie each month — from tight budgets to comfortable lifestyles.
Estimates include housing, food, transportation, utilities, insurance, and discretionary spending. Based on Laramie's cost index of 94 applied to national spending surveys.
🏘️ Neighborhood Cost Variation
Don't let the metro-wide numbers fool you — Laramie is a city of micro-markets. The most expensive ZIP codes can cost twice as much as the most affordable ones for identical services. Shop around by neighborhood and you'll find genuine pockets of value.
Laramie vs U.S. Average Cost of Living
Category-by-category affordability grades — based on deviation from the national average.
🏠 Home Services in Laramie
What contractors charge for the most common repairs, installations, and remodels
Roof Replacement
+6%HVAC Installation
-9%Plumbing Services
+6%Electrical Work
-25%Kitchen Remodel
-15%Bathroom Remodel
+12%House Painting
-7%Flooring Installation
+9%Landscaping
-11%Fence Installation
+21%Window Replacement
-16%Solar Panel Installation
+17%Water Heater Replacement
+1%Deck Building
-14%Pool Installation
-18%Tree Removal
-5%Garage Door Repair
-14%💼 Business Startup Costs in Laramie
Full startup cost breakdowns — from lease deposits to working capital
Start a Restaurant
0%Start a Coffee Shop
-27%Start a Food Truck
-1%Start a Gym
+11%Start a Daycare
-12%Start a Hair Salon
-23%Start a Laundromat
-13%Start a Bakery
-16%Start a Bar
-32%Start a Cleaning Business
-26%Start an Airbnb
+3%Start a Trucking Business
-22%📊 Cost of Living in Laramie
Monthly expenses for housing, food, transportation, and everyday necessities
Cost of Living
-15%Rent Prices
-35%Grocery Costs
-16%Utility Costs
-6%Transportation Costs
-25%Childcare Costs
-7%Gym Membership
-12%🛡️ Insurance in Laramie
Annual and monthly premium estimates for major insurance categories
Car Insurance
+4%Home Insurance
-17%Health Insurance
-15%Business Insurance
-4%Life Insurance
+14%Renters Insurance
-11%Pet Insurance
-15%Dental Insurance
+3%Motorcycle Insurance
-20%⚖️ Legal Services in Laramie
Attorney fees, court costs, and total legal service expenses
Personal Injury Lawyer
+11%Divorce Lawyer
-14%DUI Lawyer
+7%Immigration Lawyer
-12%Estate Planning Lawyer
+8%Workers Comp Lawyer
+14%Bankruptcy Lawyer
+16%💰 Salaries & Jobs in Laramie
Annual compensation by experience level, role, and specialization
Software Developer Salary
+9%Registered Nurse Salary
+7%Teacher Salary
+8%Electrician Salary
+17%Plumber Salary
+6%Accountant Salary
-13%Physical Therapist Salary
-15%Police Officer Salary
+2%Dentist Salary
-7%Real Estate Agent Salary
+20%How Much Income Do You Need in Laramie?
✅ Best For
- Young professionals starting out
- Outdoor enthusiasts
- First-time homebuyers
- Families seeking work-life balance
⚠️ Not Ideal For
- Those seeking big-city nightlife
- Workers in niche industries with few local employers
Talk to current residents about hidden costs. The sticker savings are real — just factor in any commute or lifestyle adjustments. Local subreddits and Facebook groups are goldmines for this intel.
CostOfCity Value Index
The CostOfCity Value Index combines cost-of-living data with median income, savings potential, and cost growth trends to produce a single score. Higher = better value for your money. Updated quarterly.
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Frequently Asked Questions About Laramie
What is the median household income in Laramie?
The median household income in Laramie is approximately $40,000 per year. Adjusted for local cost of living (index: 94), this goes further than in many US cities.
Is Laramie a good place to start a business?
Laramie's business environment is shaped by WY's regulatory framework and local commercial real estate costs. Below-average operating costs give businesses more runway to reach profitability. Check our business startup cost data for specific figures.
Is Laramie, WY expensive to live in?
Laramie's cost of living index is 94, which is 6% below the national average of 100. Laramie is close to the national average in cost.
Explore Laramie in Depth
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