States › Minnesota › Wyoming

Is Wyoming, MN expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8536% higher than U.S. average
💵 Families earn per year (2026)$116,009about $9,667/month · 33% higher than U.S. average
🔑 House price$365,70010% higher than U.S. average

Rent is higher than in 61% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (86.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $74,120 a year. That is $36 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

No. Rent here is more expensive than in most of Minnesota. It is number 111 of 150 cities from cheapest to most expensive.

Wyoming
$1,853
Mahtomedi
$1,764
Orono
$2,011
Albertville
$1,317
New Prague
$1,838
Virginia
$808
St. Francis
$1,423

How much do households earn in Wyoming?

Under $25k
6.0%
$25k–50k
22.2%
$50k–100k
32.9%
$100k–150k
22.5%
$150k+
16.0%

Share of households by yearly income. 38.6% of households earn $100,000 or more.

Rent by apartment size in Wyoming

SizeWyomingU.S. average
1 bedroom$765$1,324
2 bedrooms$1,430$1,509
3 bedrooms$1,298$1,698

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

How expensive is Wyoming overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Wyoming, so the Minnesota figure is shown.

Taxes and bills in Wyoming

🏛️ Property tax$4,277a year · 1.17% of home value · U.S. $3,119
⚡ Electric bill$175a month (typical) · U.S. $156

Life in Wyoming

Commute to work29.3 minU.S.: 26.4 min
College degree37.3%U.S.: 35.7%
Own their home86.8%U.S.: 65.2%
Below poverty line3.7%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Wyoming?

Renting is cheaper right now: about $684 a month less.

Renting
$1,853
Owning
$2,537

Owning assumes a typical $365,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,570 for the down payment.

Frequently asked questions

What is the average rent in Wyoming, MN?

Renting in Wyoming costs a median of about $1,853 a month in 2026, including utilities. The Minnesota median is $1,525.

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

To keep rent under 30% of income, you need about $74,120 a year, or $36 an hour at a full-time job.

Is Wyoming cheap or expensive?

Wyoming is rated Cheap: rent takes 19.2% of the typical household income of $116,009. It ranks 111th cheapest of 150 Minnesota cities we track.

How much are property taxes in Wyoming?

The median homeowner in Wyoming pays $4,277 a year in property taxes, about 1.17% of the median home value.

Is Wyoming more expensive than the national average?

Overall prices in Minnesota are 1% 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 $365,700, about 3.2 times the typical yearly household income.

8,087 people live in Wyoming. Numbers are typical (middle) values.