Wyoming is a treasure.
It is home to several famous landmarks, such as Grand Teton National Park, Yellowstone National Park, and the Rocky Mountains.
If you enjoy the outdoors, you’ll love the ample opportunities Wyoming offers, including camping, hiking, and more.
If you’re contemplating moving to Wyoming, you may be wondering where the cheapest places to live are.
Chances are, you’ll be trying to live within your means.
The average home sale price in Wyoming is $449,000.
If this doesn’t match your budget, don’t worry.
This list is compiled of various places in Wyoming that are considered the most affordable to help you on your journey.
Contents
13 of the Cheapest Places to Live in Wyoming
1. Riverton
Riverton is first on the list for being one of the most affordable places in Wyoming.
The median home sale price in Riverton is $232,500, while the median household income is $50,861.
Nearly 10,700 people call Riverton home, as it’s considered a mid-sized town.
Riverton has a lot to offer, including a bustling downtown area where you’ll find plenty of parks, cafés, and even museums.
Moreover, Riverton is surrounded by various mountain ranges, which is ideal if you consider yourself an outdoor enthusiast.
2. Evanston
Evanston is yet another wonderful place to live in Wyoming and one of the most affordable.
The average property tax paid here is $1,016.
The median household income for homeowners living here is $58,566.
Evanston sits about 6,700 feet above sea level and provides ample opportunities for mountain biking, camping, fishing, kayaking, and more.
Moreover, downtown Evanston is a great place to visit, full of different cuisines and shops to check out.
3. Green River
Consider adding Green River to your list of the most affordable places to live in Wyoming.
The median household income in Green River is $75,087, while the average property tax is $1,283.
Green River is located in the southwestern area of the state.
It is infamous for offering world-class fishing.
In addition, it’s located in the perfect location, making it ideal for participating in mountain biking, kayaking, river rafting, and more.
Moreover, downtown Green River is a great place to visit, as there are various restaurants and shops in the area.
4. Cheyenne
Next on the list is Cheyenne, WY.
Not only is Cheyenne an affordable place to live, but it is also the capital of Wyoming.
Cheyenne still holds on to its old-western spirit.
Homeowners living here make an average of $64,598 per year.
In addition, homeowners pay $1,307 on average for property taxes.
But what type of attractions does Cheyenne offer?
There’s a lot to do in Cheyenne, including historical museums, restaurants, and botanical gardens.
Some popular spots in town are Curt Gowdy State Park, Wyoming State Museum, and Cheyenne Botanic Gardens.
5. Rock Springs
If you’re looking for a town that has an award-winning main street filled with various restaurants and shopping opportunities, Rock Springs is the place to go.
But besides everything Rock Springs has to offer, it is also considered one of the most affordable places to live in Wyoming.
Moreover, it’s the fifth-most-populated town in the state.
The median household income in Rock Springs is $76,722.
Homeowners pay an average of $1,271 in property taxes.
Located just several miles north of Rock Springs is Killpecker Sand Dunes.
You’ll be surprised to know that KillPecker Sand Dunes is the largest dunes in the entire country.
6. Casper
Next on the list for being one of the most affordable places to live in Wyoming is Casper.
Homeowners bring home an average salary of $61,979 per year.
In addition, they pay $1,327 on average for property taxes.
Casper is known as the economic heart of Wyoming.
Moreover, Casper has several wonderful places to explore, including Casper Mountain, Edness Kimball Wilkins State Park, Fremont Canyon, and the North Platte River.
You’ll quickly fall in love with the outdoors if you decide to move to Casper.
Casper also has a vibrant art and music scene, plenty of museums, and various local breweries.
7. Laramie
Laramie also made the list for being one of the cheapest places in Wyoming to live.
The median household income in Laramie is $46,117, while the average property tax paid in town is $1,363.
Even though Laramie gives off a small-town vibe, there are a lot of things to do.
For example, you’ll find many restaurants and museums in town.
If fishing is your thing, you’ll adore Lake Hattie.
Moreover, rock climbers will enjoy Vedauwoo granite oasis.
Other excellent spots that are highly recommended among locals include the Medicine Bow National Forest and the Library Sports Grille and Brewery.
8. Sheridan
Sheridan also made the list in terms of affordability.
Residents living here make an average salary of $54,278 per year.
Homeowners pay an average of $1,301 in property taxes each year.
Sheridan has a rich history and culture.
You’ll have ample opportunity to learn what life was like as a rancher, cowboy, or pioneer while living here.
For those wondering what attractions and destinations are present in town, you can visit the King’s Saddlery and Museum, the Historic Sheridan Inn, and the Trail End State Historic Site.
9. Gillette
Gillette is also worth considering if you’re looking for some of the cheapest places to live in Wyoming.
Residents make an average of $79,789, while homeowners pay an average of $1,255 for property taxes.
Gillette is located in the northeastern part of the state.
Living here gives you easy access to Devils Tower National Monument and Mount Rushmore National Memorial, two very popular attractions.
In addition, you’ll never get bored in Gillette if you decide to move here.
Several other places to consider visiting include the Black Hills National Forest, Rockpile Museum, and Campbell County Parks and Recreation.
10. Torrington
Torrington is also on the list for affordable living in Wyoming.
The median home sale price is $219,113.
Residents living here earn an average salary of $55,434 per year.
And the overall cost of living index score in Torrington is 88.
Torrington is located about one hour from Cheyenne, and right along the border of Nebraska.
If you’re looking for fun things to do in Torrington, consider visiting Scotts Bluff National Monument.
In addition, the Homesteaders Museum, and the Open Barrel Brewing Company are worth checking out.
11. Rawlins
Rawlins is known for offering affordable housing for those looking to pay an average of $201,063.
The overall cost of living index score in Rawlins is 91.
But what about those who are considering becoming renters?
The average rent paid in Rawlins is $805 per month.
The Wyoming Frontier Prison is located in Rawlins, which is now a museum.
It’s worth a visit if you’re looking to explore the past.
You can also check out the Carbon County Museum and explore the great outdoors.
12. Douglas
Located in the eastern region of Wyoming and also extremely affordable, is Douglas.
The overall cost of living index score in Douglas is 93.
Homes typically sell for around $293,909, while the average rent paid is $877.
About 6,356 people are living in Douglas.
Douglas offers plenty of activities to do, including visiting the Ayres Natural Bridge Park and the Fort Fetterman Historic Site.
It’s a town worth adding to your list.
13. Lander
Last on the list for being one of the most affordable places to live in Wyoming is Lander.
Nearly 7,600 people call Lander home. Lander’s overall cost of living index score is 98.
The median home sale price is $367,249.
For those who prefer to rent, you will pay an average rent of $859 per month for a one-bedroom apartment.
If you decide to make Lander your new hometown, be sure to check out Sinks Canyon State Park, Lander City Park, and the Fremont County Pioneer Museum.
Wyoming Safety Overview
READ THE FULL REPORT: Wyoming Safety Review
Safety Index:
- OVERALL RISK: MEDIUM
- TRANSPORT & TAXIS RISK: LOW
- PICKPOCKETS RISK: LOW
- NATURAL DISASTERS RISK: HIGH
- MUGGING RISK: LOW
- TERRORISM RISK: LOW
- SCAMS RISK: LOW
- WOMEN TRAVELERS RISK: LOW
Frequently Asked Questions
What county has the lowest cost of living in Wyoming?
Niobrara County offers the lowest cost of living in Wyoming.
Residents living here make an average yearly salary of $82,423.
But why is the cost of living so low in Niobrara County?
This is mainly due to having cheap childcare and housing expenses compared to the rest of the state.
Childcare costs an average of $15,701 per year for two children, compared to the state’s average of $16,758.
Moreover, housing costs in Niobrara County are $8,808 each year, compared to Wyoming’s average of $10,423.
What is the cost of living in Wyoming?
The overall cost of living in Wyoming is 7% below the national average.
In addition, housing is 19% below the national average, and utilities are 13% lower.
Moreover, necessities, including clothing, food, and groceries, are 2% below the national average.
Does Wyoming offer affordable housing programs?
Yes, there are programs in Wyoming that cater to lower-income families.
For example, Multifamily Housing Bonds provide apartment assistance.
There are also programs available to help with financing multifamily housing, including:
- National Housing Trust Fund
- Low-Income Housing Tax Credit Program
- HOME Investment Partnership Program
