Living in Wyoming: Income, Housing, Taxes & Cost of Living (2026)
By Wealthvieu · Updated
Table of Contents
Wyoming at a Glance
Metric
Value
National Rank
Population (2024)
580,000
Least populated state
Median household income
$72,495
Average
Median home price
$310,000
Average
Cost of living index
93
Below average
State income tax
None
N/A
Sales tax
4% (+ local up to 2%)
Low
Property tax (effective rate)
0.56%
Very low
Income and Housing
City/Area
Median Income
Median Home Price
Median Rent (2BR)
Cheyenne
$68,000
$320,000
$1,150
Casper
$65,000
$280,000
$1,050
Laramie
$48,000
$280,000
$950
Gillette (energy)
$78,000
$270,000
$1,000
Rock Springs
$72,000
$250,000
$900
Sheridan
$58,000
$350,000
$1,100
Jackson Hole/Teton County
$78,000
$2,500,000+
$2,500+
Cody
$55,000
$380,000
$1,100
Jackson Hole: America’s Most Extreme Affordability Gap
Metric
Jackson Hole
Rest of Wyoming
Median home price
$2,500,000+
$290,000
Median income
$78,000
$68,000
Price-to-income ratio
32x
4.3x
Worker housing crisis
Severe
Not applicable
Jackson Hole is essentially a billionaire’s playground where the median home costs 32x the median income. Most workers commute from Idaho or live in subsidized housing.
No Income Tax + Low Everything = Lowest Tax Burden
Wyoming is consistently ranked among the top 3 most tax-friendly states overall:
Tax Type
Rate
National Comparison
Income tax
0%
9 states with no income tax
Sales tax
4% (+ up to 2% local)
Among lowest
Property tax
0.56%
Very low
Corporate income tax
0%
6 states with no corporate tax
Energy Economy Dependence
Wyoming’s economy is heavily reliant on energy (coal, oil, natural gas, wind):
