Cost of Living in Laramie, WY
Population: 31,848 • 2026 Data
$52,414
Median Household Income
-32% vs national
$933
Median Monthly Rent
-31% vs national
$302,200
Median Home Value
-11% vs national
4.6%
Unemployment Rate
Housing in Laramie
The median home value in Laramie, WY is $302,200. Monthly rent for a typical unit averages $933, while total monthly housing costs (including utilities and insurance) average $990.
Rent-to-income ratio: 21.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Laramie, WY is $52,414. The unemployment rate stands at 4.6%, with a labor force of 19,582 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.