States › Michigan › Wyoming

Is Wyoming, MI expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,58110% lower than U.S. average
💵 Families earn per year (2026)$79,461about $6,622/month · 9% lower than U.S. average
🔑 House price$225,20032% lower than U.S. average

Rent is lower than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $63,240 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

No. Rent here is more expensive than in most of Michigan. It is number 127 of 179 cities from cheapest to most expensive.

Wyoming
$1,581
$1,119
$1,335
$1,472

How much do households earn in Wyoming?

Under $25k
11.8%
$25k–50k
24.4%
$50k–100k
39.9%
$100k–150k
14.7%
$150k+
5.4%

Share of households by yearly income. 20.1% of households earn $100,000 or more.

Rent by apartment size in Wyoming

SizeWyomingU.S. average
Studio$1,158$1,338
1 bedroom$1,073$1,324
2 bedrooms$1,401$1,509
3 bedrooms$1,686$1,698
4 bedrooms$1,935$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Wyoming overall?

Everyday prices in the Grand Rapids-Wyoming-Kentwood metro area are 4% below the U.S. average (index 95.5, U.S. = 100).

Housing
87
Goods (food, clothes…)
94
Utilities
94
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Wyoming

🏛️ Property tax$2,812a year · 1.25% of home value · U.S. $3,119
⚡ Electric bill$105a month (typical) · U.S. $156

Life in Wyoming

Commute to work21.9 minU.S.: 26.4 min
College degree25.5%U.S.: 35.7%
Own their home67.1%U.S.: 65.2%
Below poverty line10.5%U.S.: 12.5%
Unemployment4.1%U.S.: 5.2%

What jobs pay in Wyoming

JobMedian payRent / pay
Pharmacist$140,71013.5%
Physician Assistant$131,93014.4%
Lawyer$129,36014.7%
Nurse Practitioner$125,66015.1%
Software Developer$107,52017.6%
Operations Manager$101,72018.7%
Computer Systems Analyst$97,21019.5%
Civil Engineer$92,60020.5%
Dental Hygienist$84,29022.5%
Registered Nurse$83,92022.6%
Plumber$80,44023.6%
Accountant$76,27024.9%
Police Officer$74,92025.3%
Licensed Practical Nurse$65,23029.1%
Market Research Analyst$64,88029.2%
Electrician$62,24030.5%
Elementary School Teacher$61,90030.6%
HVAC Technician$60,19031.5%
Carpenter$59,00032.2%
Truck Driver$58,27032.6%
Firefighter$56,26033.7%
Customer Service Representative$44,99042.2%
Server (Waiter/Waitress)$42,93044.2%
Medical Assistant$39,89047.6%
Nursing Assistant$38,34049.5%
Restaurant Cook$37,36050.8%
Warehouse Worker$36,13052.5%
Retail Salesperson$34,80054.5%
Cashier$29,88063.5%

Is it cheaper to rent or buy in Wyoming?

About the same. Renting and owning cost within $18 of each other each month.

Renting
$1,581
Owning
$1,563

Owning assumes a typical $225,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,520 for the down payment.

Frequently asked questions

What is the average rent in Wyoming, MI?

Renting in Wyoming costs a median of about $1,581 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Wyoming?

To keep rent under 30% of income, you need about $63,240 a year, or $30 an hour at a full-time job.

Is Wyoming cheap or expensive?

Wyoming is rated OK: rent takes 23.9% of the typical household income of $79,461. It ranks 127th cheapest of 179 Michigan cities we track.

How much are property taxes in Wyoming?

The median homeowner in Wyoming pays $2,812 a year in property taxes, about 1.25% of the median home value.

Is Wyoming more expensive than the national average?

Overall prices in the metro area are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Wyoming?

The median home value in Wyoming is $225,200, about 2.8 times the typical yearly household income.

77,353 people live in Wyoming. Numbers are typical (middle) values.