Cost Of Living in Wyoming 2025

cost of living chart - average monthly expenditure in Wyoming

Average monthly spending for singles, couples, students, and families in Wyoming

Whether you're living in Wyoming or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: USD
350 4,600 46,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Single

Currency: USD
450 3,200 21,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Couple

Currency: USD
1,800 5,300 28,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Family

Currency: USD
2,500 7,000 46,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Student

Currency: USD
350 2,300 15,000
MINIMUM AVERAGE MAXIMUM


Student
Cost of living and expenses break down for students living in Wyoming

Housing costs for Student20%

20% of total expenses on average (15% to 26%)

LOW84 USD
AVERAGE540 USD
HIGH3,600 USD
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses6%

6% of total expenses on average (4% to 10%)

LOW14 USD
AVERAGE90 USD
HIGH600 USD
Per Month

Transport and Fuel Cost5%

5% of total expenses on average (5% to 11%)

LOW25 USD
AVERAGE160 USD
HIGH1,100 USD
Per Month

Food and Groceries Expenditure22%

22% of total expenses on average (16% to 26%)

LOW70 USD
AVERAGE450 USD
HIGH3,000 USD
Per Month

Healthcare Cost8%

8% of total expenses on average (5% to 11%)

LOW21 USD
AVERAGE140 USD
HIGH900 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW18 USD
AVERAGE110 USD
HIGH750 USD
Per Month

Education Cost19%

19% of total expenses on average (12% to 24%)

LOW67 USD
AVERAGE430 USD
HIGH2,900 USD
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW53 USD
AVERAGE340 USD
HIGH2,300 USD
Per Month

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents whether they have an emergency fund and the answers were as follows.

Yes67%

No33%


Based on the survey, 33% of the people living in Wyoming said that they don't have an emergency fund while 67% said that they do.


Family
Average monthly expenses and break out of spending for families living in Wyoming

Housing cost for a family28%

28% of total expenses on average (23% to 38%)

LOW790 USD
AVERAGE2,200 USD
HIGH15,000 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

5% of total expenses on average (3% to 8%)

LOW120 USD
AVERAGE350 USD
HIGH2,300 USD
Per Month

Transport and Fuel Expenses6%

6% of total expenses on average (4% to 8%)

LOW250 USD
AVERAGE700 USD
HIGH4,600 USD
Per Month

Food and Groceries Cost20%

20% of total expenses on average (13% to 26%)

LOW440 USD
AVERAGE1,300 USD
HIGH8,200 USD
Per Month

Healthcare Expenses10%

10% of total expenses on average (6% to 15%)

LOW220 USD
AVERAGE700 USD
HIGH3,700 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW120 USD
AVERAGE350 USD
HIGH2,300 USD
Per Month

Education Cost14%

14% of total expenses on average (7% to 22%)

LOW340 USD
AVERAGE980 USD
HIGH6,400 USD
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW200 USD
AVERAGE560 USD
HIGH3,700 USD
Per Month
Percentage of people who manage to save money from their income every month in Wyoming

How much money can you save in Wyoming every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Wyoming manage to save money from their income every month?


Saving Money
59%
Not Saving
41%

Almost 59% of the surveyed people in Wyoming said that they can save some money at the end of each month while 41% said that aren't saving anything.


Percentage of people saving money by population group in Wyoming

GroupSaversNon Savers
Singles63%37%
Couples59%42%
Families54%46%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Savings to income ratio in Wyoming

Saving to Income Ratio

12% 20% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

150 USD
$150
1,900 USD
$1,900
19,000 USD
$19,000
MINIMUM AVERAGE MAXIMUM

For most people, 12% to 28% of their monthly income is what they can allocate to their savings, with 20% being the average. The amount of money that people can save is approximately 1,900 USD on average with savings ranging from 150 USD to 19,000 USD.

63% of surveyed singles reported some of their income going to savings while 59% of couples said the same. 54% of families confirmed their ability to save money.


How much money do people actually save in Wyoming?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

14% 23% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

150 USD
$150
1,300 USD
$1,300
9,000 USD
$9,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%30%
10% - 20%23%
20% - 30%16%
30% - 40%15%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 14% to 30% of their monthly income to savings, with 23% being the average for most singles. The average amount of money that singles are able to save is 1,300 USD with 150 USD and 9,000 USD being the minimum and maximum respectively.


Couples

Saving to Income Ratio

13% 22% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

750 USD
$750
2,200 USD
$2,200
12,000 USD
$12,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%34%
10% - 20%25%
20% - 30%19%
30% - 40%10%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 29% of their monthly income, with 22% being the average for most couples. The average amount of money that couples can save is 2,200 USD with 750 USD and 12,000 USD being the minimum and maximum respectively.


Families

Saving to Income Ratio

11% 18% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,000 USD
$1,000
3,000 USD
$3,000
19,000 USD
$19,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%37%
10% - 20%28%
20% - 30%20%
30% - 40%7%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Families in Wyoming can save anywhere between 11% to 27% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 3,000 USD with 1,000 USD and 19,000 USD being the minimum and maximum respectively.

Distribution of monthly cost of living expenses in Wyoming

How do people spend their money in Wyoming?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure26%

26% of total expenses on average (15% to 34%)

LOW110 USD
AVERAGE1,400 USD
HIGH14,000 USD
Per Month

People living in Wyoming typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 1,400 USD with expenditure ranging from 110 USD to 14,000 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (4% to 11%)

LOW18 USD
AVERAGE230 USD
HIGH2,300 USD
Per Month

Utility expenditure like electricity, water, and gas in Wyoming ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 230 USD with 18 USD and 2,300 USD being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW35 USD
AVERAGE460 USD
HIGH4,600 USD
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 35 USD to 4,600 USD on commuting with 460 USD being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW88 USD
AVERAGE1,100 USD
HIGH11,000 USD
Per Month

The average outlay on groceries in a month in Wyoming is 1,100 USD. The cost of groceries can range between 88 USD to 11,000 USD. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW25 USD
AVERAGE320 USD
HIGH3,200 USD
Per Month

People in Wyoming allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 25 USD to 3,200 USD with 320 USD being the norm.

Leisure and Shopping5%

5% of total expenses on average (3% to 9%)

LOW14 USD
AVERAGE180 USD
HIGH1,800 USD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 14 USD to 1,800 USD with 180 USD being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW21 USD
AVERAGE270 USD
HIGH2,700 USD
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 270 USD per month with 21 USD being the minimum spent amount and 2,700 USD being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW46 USD
AVERAGE590 USD
HIGH5,900 USD
Per Month
Reasons that make it difficult for people to save money in Wyoming

Saving Challenges in Wyoming

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Wyoming. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Wyoming

Housing cost for a single person32%

32% of total expenses on average (20% to 44%)

LOW160 USD
AVERAGE1,100 USD
HIGH7,600 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (4% to 13%)

LOW27 USD
AVERAGE190 USD
HIGH1,300 USD
Per Month

Transport and Fuel Cost6%

6% of total expenses on average (4% to 12%)

LOW36 USD
AVERAGE250 USD
HIGH1,700 USD
Per Month

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW72 USD
AVERAGE510 USD
HIGH3,400 USD
Per Month

Healthcare Cost11%

11% of total expenses on average (5% to 15%)

LOW41 USD
AVERAGE280 USD
HIGH1,900 USD
Per Month

Leisure and Shopping Expenditure3%

3% of total expenses on average (3% to 6%)

LOW23 USD
AVERAGE160 USD
HIGH1,100 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW9 USD
AVERAGE63 USD
HIGH420 USD
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW81 USD
AVERAGE570 USD
HIGH3,800 USD
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Wyoming

Housing cost for a couple29%

29% of total expenses on average (22% to 39%)

LOW600 USD
AVERAGE1,800 USD
HIGH9,600 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (5% to 11%)

LOW70 USD
AVERAGE240 USD
HIGH1,500 USD
Per Month

Transport and Fuel Cost10%

10% of total expenses on average (4% to 15%)

LOW210 USD
AVERAGE630 USD
HIGH3,400 USD
Per Month

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW250 USD
AVERAGE740 USD
HIGH3,900 USD
Per Month

Healthcare Cost13%

13% of total expenses on average (7% to 17%)

LOW190 USD
AVERAGE580 USD
HIGH3,100 USD
Per Month

Leisure and Shopping Cost4%

4% of total expenses on average (2% to 7%)

LOW110 USD
AVERAGE320 USD
HIGH1,700 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW35 USD
AVERAGE110 USD
HIGH560 USD
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW300 USD
AVERAGE900 USD
HIGH4,800 USD
Per Month

Monthly costs and expenses of energy and basic utilities in Wyoming

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Wyoming

Utility Bill Cost / Electricity + Water + Gas / Individual

27 USD 190 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Couple

70 USD 240 USD 1,500 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Family

120 USD 350 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable cost

29 USD 57 USD 76 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone bill and charges

23 USD 38 USD 110 USD
MINIMUM AVERAGE MAXIMUM

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly expenditure for individuals on electricty, water, and gas in Wyoming ranges between 27 USD and 1,300 USD with average being 190 USD, meanwhile the expenditure of couples is slightly higher at 240 USD with 70 USD and 1,500 USD being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 350 USD. The cost of internet and WiFi is unchanged among the three groups and ranges from 29 USD to 76 USD with 57 USD being the average internet bill. Finally, the average monthly mobile charges is around 38 USD but can range between 23 USD and 110 USD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


0.80% 3.3% of income 6.7%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Wyoming is around 3.3%. This means that people pay 3.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 0.80% to 6.7% depending on salary and location.

Financial goals and targets of people living in Wyoming

Financial goals of people in Wyoming

In an attempt to understand the economic situation in Wyoming, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction36%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses10%
Financial Independence7%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Financial literacy and difficulty in budgeting and financial planning in Wyoming

Financial Literacy in

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy77%


We asked residents of whether they acquired any adequate personal financial training in their lives. Approximately 23% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 77% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 19% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 81% said that they have everything under control.

Struggles with finance19%

Easily manages finances81%

How easily is cost-cutting. Are there plenty of low-cost options in Wyoming

Low-cost alternatives in Wyoming

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options53%

Few low-cost options47%


Based on the survey, 53% of the people living in Wyoming have no problem finding low-cost alternatives to support a frugal lifestyle while 47% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Prices and cost of goods and services in Wyoming

Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Wyoming

Dining, food, and beverages costs


Fast food combo meal

5.7 USD 11 USD 19 USD
MINIMUM AVERAGE MAXIMUM

Restaurant meal for one

18 USD 27 USD 54 USD
MINIMUM AVERAGE MAXIMUM

Fine dining meal for one

36 USD 54 USD 210 USD
MINIMUM AVERAGE MAXIMUM

Cappuccino or latte

4.8 USD 7.6 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Grocery and market costs


Milk large bottle

3.8 USD 4.6 USD 5.7 USD
MINIMUM AVERAGE MAXIMUM

12 eggs

2.9 USD 3.8 USD 5.7 USD
MINIMUM AVERAGE MAXIMUM

Fresh whole chicken

6.5 USD 8.4 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Pack of beef

7.6 USD 11 USD 23 USD
MINIMUM AVERAGE MAXIMUM

Medium bag of rice

3.1 USD 4.2 USD 6 USD
MINIMUM AVERAGE MAXIMUM

Bag of tomatos

1.1 USD 1.5 USD 2.9 USD
MINIMUM AVERAGE MAXIMUM

Bag of apples

2 USD 2.7 USD 4.4 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of commute, travel, and transportation in Wyoming

Commute, travel, and transportation costs


20 minutes taxi ride

4.5 USD 5.4 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Average car full tank

29 USD 38 USD 76 USD
MINIMUM AVERAGE MAXIMUM

Average car 1-day rental

25 USD 33 USD 50 USD
MINIMUM AVERAGE MAXIMUM

Average car price

14,000 USD 29,000 USD 38,000 USD
MINIMUM AVERAGE MAXIMUM

Bus ticket one way

0.84 USD 1.3 USD 2.5 USD
MINIMUM AVERAGE MAXIMUM

Car Service

33 USD 50 USD 100 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of utility, energy, water, and gas in Wyoming

Utility cost (monthly)


Utility Bill - Individual

27 USD 190 USD 1,300 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Couple

70 USD 240 USD 1,500 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Family

120 USD 350 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable

29 USD 57 USD 76 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone charges

23 USD 38 USD 110 USD
MINIMUM AVERAGE MAXIMUM

Leisure and activities costs


Movie ticket

14 USD 19 USD 29 USD
MINIMUM AVERAGE MAXIMUM

One month gym membership

40 USD 50 USD 100 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of clothing and accessories in Wyoming

Cloths and accessories costs


Pair of jeans or pants

29 USD 42 USD 63 USD
MINIMUM AVERAGE MAXIMUM

Woman dress

28 USD 39 USD 130 USD
MINIMUM AVERAGE MAXIMUM

Woman shoes

26 USD 36 USD 84 USD
MINIMUM AVERAGE MAXIMUM

Men's shoes

23 USD 28 USD 56 USD
MINIMUM AVERAGE MAXIMUM

Men suit

25 USD 31 USD 170 USD
MINIMUM AVERAGE MAXIMUM

Regular t-shirt

13 USD 17 USD 50 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of housing, accommodation, and rent in Wyoming

Housing costs / monthly rent


Studio apartment

420 USD 630 USD 1,700 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

630 USD 1,000 USD 2,500 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

840 USD 1,300 USD 3,300 USD
MINIMUM AVERAGE MAXIMUM

Housing costs / Buying


Studio apartment

84,000 USD 130,000 USD 250,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

100,000 USD 170,000 USD 630,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

170,000 USD 500,000 USD 1M USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of furniture in Wyoming

Furniture Costs


King Size Bed

570 USD 720 USD 960 USD
MINIMUM AVERAGE MAXIMUM

Double Bed

380 USD 570 USD 720 USD
MINIMUM AVERAGE MAXIMUM

Single Bed

340 USD 440 USD 570 USD
MINIMUM AVERAGE MAXIMUM

Living Room

640 USD 820 USD 2,900 USD
MINIMUM AVERAGE MAXIMUM

Dining Table

290 USD 380 USD 720 USD
MINIMUM AVERAGE MAXIMUM

Sofa or Couch

380 USD 520 USD 1,100 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of electronic devices and appliances in Wyoming

Electronics and House Appliance Costs


TV Set

380 USD 570 USD 1,100 USD
MINIMUM AVERAGE MAXIMUM

Fridge or Freezer

340 USD 520 USD 720 USD
MINIMUM AVERAGE MAXIMUM

Washing Machine

440 USD 640 USD 1,100 USD
MINIMUM AVERAGE MAXIMUM

Stove or Cooker

410 USD 520 USD 720 USD
MINIMUM AVERAGE MAXIMUM

Mobile Phone

480 USD 570 USD 820 USD
MINIMUM AVERAGE MAXIMUM

Laptop or Computer

520 USD 640 USD 1,100 USD
MINIMUM AVERAGE MAXIMUM
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Wyoming

Housing costs, accommodation, and housing affordability in Wyoming

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Wyoming

Monthly Rent Prices

Studio apartment monthly rent cost

420 USD 630 USD 1,700 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment monthly rent cost

630 USD 1,000 USD 2,500 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment monthly rent cost

840 USD 1,300 USD 3,300 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment monthly rent cost

1,000 USD 1,700 USD 4,600 USD
MINIMUM AVERAGE MAXIMUM

Furnished apartment monthly rent cost

2,000 USD 5,000 USD 10,000 USD
MINIMUM AVERAGE MAXIMUM

Townhouse monthly rent cost

1,700 USD 2,500 USD 7,200 USD
MINIMUM AVERAGE MAXIMUM

House monthly rent cost

2,000 USD 5,000 USD 10,000 USD
MINIMUM AVERAGE MAXIMUM

Villa monthly rent cost

2,500 USD 6,300 USD 10,000 USD
MINIMUM AVERAGE MAXIMUM

The monthly rental cost of a studio apartment in Wyoming ranges between 420 USD and 1,700 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 630 USD to 2,500 USD. Two-bedroom rentals rate ranges between 840 USD and 3,300 USD per month. The monthly rental for a three-bedroom apartment ranges from 1,000 USD to 4,600 USD. The average rent of a townhouse in Wyoming is around 2,500 USD while house rental costs can be as high as 5,000 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,500 USD to 10,000 USD per month.



Apartment and house prices in Wyoming

Cost of buying a property

Studio apartment price

84,000 USD 130,000 USD 250,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment price

100,000 USD 170,000 USD 630,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment price

170,000 USD 500,000 USD 1M USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment price

560,000 USD 840,000 USD 2.5M USD
MINIMUM AVERAGE MAXIMUM

Townhouse price

720,000 USD 1.7M USD 6.3M USD
MINIMUM AVERAGE MAXIMUM

House price

840,000 USD 5M USD 7.2M USD
MINIMUM AVERAGE MAXIMUM

Villa price

1M USD 5.6M USD 8.4M USD
MINIMUM AVERAGE MAXIMUM

The average price of a studio apartment in Wyoming can range from 84,000 USD to 250,000 USD depending on location. One bedroom cost can be anywhere from 100,000 USD to 630,000 USD. A villa can cost you 5.6M USD on average with prices ranging from 1M USD to 8.4M USD.


If you're leasing or purchasing, housing costs in Wyoming will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


41 x122 monthly income 190
MINIMUM AVERAGE MAXIMUM

Property prices in Wyoming can be x122 to x190 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x122 multiples of the average monthly salary in Wyoming.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 29% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Wyoming is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 21% to 38% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
27%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.4%
AVERAGE
3.3%
TO
4.3%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


7 USD 91 USD 910 USD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Retirement, pension plans, and life after work in Wyoming

What does the retirement lifestyle look like in Wyoming and how much retirement savings are required?

Retirement age

The retirement age for most employees in is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Wyoming:
AgeAmount
2513,000 USD
3026,000 USD
3546,000 USD
4065,000 USD
4598,000 USD
50140,000 USD
55160,000 USD
60200,000 USD
65240,000 USD

Retirement Income Distribution

We asked residents about their retirement income sources and below are the results.

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job11%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Wyoming

250 USD
$250
2,300 USD
$2,300
15,000 USD
$15,000
MINIMUM AVERAGE MAXIMUM

Expenditure to Income Ratio in Wyoming

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Wyoming

Spending to Income Ratio

67%

59% to 75%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%11%
60% - 70%17%
70% - 80%26%
80% - 90%17%
90% - 100%10%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Wyoming is 67% This means that on average, people spend around 67% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
60%
Spending-Income-Ratio
53%
68%

Couple
64%
Spending-Income-Ratio
56%
71%

Family
70%
Spending-Income-Ratio
62%
79%
Income and cost of living compatibility. Is it affordable or economical to live in Wyoming

Affordable living in Wyoming

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Wyoming?


Yes
69%
No
32%

Around 69% of surveyed residents think that living in Wyoming is affordable with proper budgeting while 32% reported that it is just too expensive and not affordable even with frugality and thriftness.

Chart showing the percentage of people who are in debt in Wyoming

Debt, loans, and mortgages in Wyoming


Percentage of people who are in debt


In Debt
20%
Debt Free
80%

According to the survey, 20% of the people in Wyoming have some kind of debt, loan, mortgage, or credit card payments while 80% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Wyoming

Debt-to-income ratio in Wyoming

Debt to income ratio

21%

13% to 29%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 21% of the people's monthly income in Wyoming goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%13%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%17%
0% - 10%27%

According to our data, 3% of the debtors in Wyoming pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Wyoming

Debt% People
Real Estate Mortgage12%
Auto Loan20%
Student Loan3%
Credit Card26%
Personal Loan38%

12% of debtors in Wyoming confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Wyoming.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Wyoming

Besides measuring the loan-to-income ratio, we asked residents how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never54%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%

Food Prices, Dining Expenses, and Grocery Costs in Wyoming

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Wyoming

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

5.7 USD 11 USD 19 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Wyoming is approximatly 11 USD with meal cost ranging from 5.7 USD to 19 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

18 USD 27 USD 54 USD
MINIMUM AVERAGE MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 18 USD and 54 USD with 27 USD being the average price of a plate for one person at a regular restaurant in Wyoming.

Fine dining meal for one price

36 USD 54 USD 210 USD
MINIMUM AVERAGE MAXIMUM

The price range of a meal at fine-dining restaurant is 36 USD to 210 USD with the average cost being 54 USD for one person. This is what you would expect to pay a top-tier diner in Wyoming.

Beverage prices, cappuccino, latte etc..

4.8 USD 7.6 USD 11 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Wyoming is around 7.6 USD. Price ranges between 4.8 USD and 11 USD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

3.8 USD 4.6 USD 5.7 USD
MINIMUM AVERAGE MAXIMUM

The average price of a large bottle of milk in Wyoming is 4.6 USD. The maximum what you would pay for milk is 5.7 USD and the minimum being 3.8 USD depending on the brand of milk and other properties.

12 eggs price

2.9 USD 3.8 USD 5.7 USD
MINIMUM AVERAGE MAXIMUM

A dozen eggs costs around 3.8 USD on average with 2.9 USD and 5.7 USD being the lower and upper limits respectively.

Fresh whole chicken price

6.5 USD 8.4 USD 12 USD
MINIMUM AVERAGE MAXIMUM

The price range of a fresh whole chicken in Wyoming is between 6.5 USD and 12 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 8.4 USD.

Pack of beef price

7.6 USD 11 USD 23 USD
MINIMUM AVERAGE MAXIMUM

The price of a regular pack of beef or meat is around 11 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.1 USD 4.2 USD 6 USD
MINIMUM AVERAGE MAXIMUM

A bag of rice in Wyoming costs around 4.2 USD on average with prices rangeing between 3.1 USD and 6 USD depending on the brand and quality.

Bag of tomatos price

1.1 USD 1.5 USD 2.9 USD
MINIMUM AVERAGE MAXIMUM

A bag of tomatoes costs anywhere from 1.1 USD to 2.9 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2 USD 2.7 USD 4.4 USD
MINIMUM AVERAGE MAXIMUM

A bag of apples costs 2.7 USD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


13% 20% of income 25%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Wyoming is around 20%. This means that people spend 20% of their income on grocery and basic household items. The expenditure can range from 13% to 25% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 510 USD per month on grocery and food with expenditure fluctuating between 72 USD and 3,400 USD depending on location and the type of person. The average cost of food and groceries for a couple is around 740 USD per month. That number can be get as low as 250 USD or a high as 3,900 USD. Families' spending on grocery ranges from 440 USD to 8,200 USD with the location, income, and size of the family being the most determinite factors.

A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Wyoming is 3,200 USD. Expenses can range from 450 USD at the minimum level to 21,000 USD at the highest end.


Couples

The average monthly spending of couples in Wyoming is 5,300 USD. Expenditure can range from 1,800 USD to 28,000 USD per month.


Families

The average cost of living for families in Wyoming is 7,000 USD per month. Families spend anywhere from 2,500 USD to 46,000 USD.


Students

The average monthly expenditure for students in Wyoming is 2,300 USD. Students spend from 350 USD to 15,000 USD per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Where do people choose to put their savings in Wyoming

Typical saving choices for people in Wyoming

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
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