If you’re considering moving to Wyoming, you might be wondering, “What is the cost of living?” and “How does it compare to where I currently live?” This guide breaks down the cost of living in Wyoming, from housing to food or healthcare expenses. We’ll provide data from various state cost-of-living index tools and compare how Wyoming ranks nationwide regarding livability. We’ll also share a handy set of additional online resources to measure and compare the cost of living expenses in different Wyoming communities. When you’re planning to live in a new state, the cost of living there will be a combination of expenses required to maintain your desired lifestyle. Statista, a leading market data platform, defines “cost of living” as “the monetary cost of goods and services necessary to maintaining a certain standard of living.” This overall cost will vary significantly based on location, even within the state. But the core living expenses you’ll pay for typically include the following categories: However, the costs often extend beyond these basics to cover other expenses, such as: These elements, when combined, establish the core costs associated with a particular way of living. However, your living standard is going to be subjective to your income level and how much debt you hold —- alongside how the dollar amounts compare to the costs of basic needs in the Wyoming city where you live — or want to live. Let’s take a quick look at how you can compare your current living costs with what you might experience if you move to Wyoming. A cost of living index (CLI) monitors how much these basic expenses change over time in different cities or regions. They provide a quick way to compare the price of maintaining a certain standard of living. The CLI is calculated by assessing the price of essential goods and services such as housing, food, healthcare, and transportation in different areas. An index is typically standardized, with a base city or region assigned a baseline index value (often set at 100). Other cities or regions are then compared against this benchmark. For example, a Wyoming or city with a CLI of 120 would signify that living there is 20% more expensive than the base location, while an index of 80 indicates it’s 20% less expensive. A cost of living index will typically break down and score each basic expense by category. Here are separate scores for Wyoming from the worldpopulationreview.com Cost of Living Index: Using additional data collected by Forbes, let’s take a closer look at actual dollar amounts and how Wyoming ranks when compared to the other 50 states in the U.S. If you’re planning a move to Wyoming, you may be interested in more than just the cost of living data. Here’s a summary of livability insights for the Cowboy state: »See more details about these categories on this U.S. News Wyoming rankings page. Here are some cost of living index links to research additional Wyoming living expenses: According to the United Van Lines 47th Annual Movers Study that tracks migrations within the United States, here are why people are moving into Wyoming or relocating to other states. Total inbound: 45.8% Total outbound: 54.2% Below is a collection of handy online tools you can use to help estimate your moving costs and living expenses in Wyoming — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect. With today’s smart technology, you can find a wide variety of tools to help you estimate the cost of paying for a mover or how to find a trusted mover for your relocation to Wyoming. Some examples include: Cost of living calculators are different from the cost of living indexes. These tools, typically free, provide a comparison based on income and regional costs for housing, transportation, food, healthcare, and other necessities in the two locations you select. For example, let’s say you live in San Francisco and want to move to Tampa. You can use a cost-of-living calculator to compare your current and future expenses quickly. Some popular cost-of-living calculators include:What makes up the ‘cost of living’ in Wyoming?
What’s a Wyoming cost of living index (CLI)?
Wyoming overall annual cost of living data
Wyoming cost of living data at a glance
Cost of living factor
Dollar amount
State ranking
Annual salary (average)
$54,440
#34
Transportation costs (annual)
$5,082
#52
Home price (median)
$338,216
#24
Mortgage payments (median monthly)
$2,021
#24
Rental costs (average monthly)
$1,116
#29
Housing costs (renters and homeowners)
$1,127
#31
Food costs (annual average)
$4,780
#10
Healthcare costs (annual average)
$10,295.67
#17
Income taxes (average annual)
$3,872
#47
Wyoming tax rates
Of 50 states, how does Wyoming rank for livability?
Wyoming livability rankings
Additional cost of living indexes
Why are people moving to (or away from) Wyoming?
Primary reasons people are moving
Inbound
Reason for the move
Outbound
11.80%
Retirement
0.00%
0.00%
Health
0.00%
17.60%
Family
28.60%
17.60%
Lifestyle
7.10%
23.50%
Job
57.10%
0.00%
Cost
0.00%
Budgeting for your move to Wyoming
1. Online move cost estimators
2. Cost of living calculators
3. Living wage and budget calculators
4. Homebuyer calculators
5. Home seller calculators
