salaryLaramie is the 4th-largest city in Wyoming that we track, with 32,234 residents. Rent is lower than in 82% of U.S. cities. A typical house costs about 5.3 years of household income. Commutes are short, about 14 minutes. Most households rent (56%), so there are plenty of rental options. It is a highly educated city: 56.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $43,800 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other Wyoming cities?
No. Rent here is more expensive than in most of Wyoming. It is number 10 of 17 cities from cheapest to most expensive.
How much do households earn in Laramie?
Share of households by yearly income. 19.5% of households earn $100,000 or more.
Rent by apartment size in Laramie
| Size | Laramie | U.S. average |
|---|---|---|
| Studio | $721 | $1,338 |
| 1 bedroom | $784 | $1,324 |
| 2 bedrooms | $957 | $1,509 |
| 3 bedrooms | $1,481 | $1,698 |
| 4 bedrooms | $1,232 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Laramie overall?
Everyday prices in Wyoming overall are 7% below the U.S. average (index 92.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Laramie, so the Wyoming figure is shown.
Taxes and bills in Laramie
Life in Laramie
Is it cheaper to rent or buy in Laramie?
Renting is cheaper right now: about $1,122 a month less.
Owning assumes a typical $319,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,950 for the down payment.
Frequently asked questions
What is the average rent in Laramie, WY?
Renting in Laramie costs a median of about $1,095 a month in 2026, including utilities. The Wyoming median is $1,086.
How much do I need to make to live in Laramie?
To keep rent under 30% of income, you need about $43,800 a year, or $21 an hour at a full-time job.
Is Laramie cheap or expensive?
Laramie is rated OK: rent takes 21.9% of the typical household income of $59,979. It ranks 10th cheapest of 17 Wyoming cities we track.
How much are property taxes in Laramie?
The median homeowner in Laramie pays $1,864 a year in property taxes, about 0.58% of the median home value.
Is Laramie more expensive than the national average?
Overall prices in Wyoming are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Laramie?
The median home value in Laramie is $319,500, about 5.3 times the typical yearly household income.
32,234 people live in Laramie. Numbers are typical (middle) values.