7 Most Affordable Places to Live in Wyoming

In a state defined by its rugged landscapes and wide-open spaces, Wyoming stands out for its remarkably affordable cost of living. With no state income tax and a median home price significantly below the national average, the 44th state provides a compelling case for families, remote workers, and retirees seeking a life rich in outdoor adventure, not expense. However, affordability varies widely across the state, and finding the right community is key to balancing budget with lifestyle.

This guide moves beyond the postcard imagery to provide a detailed, data-driven analysis of the most affordable places to live in Wyoming for 2026. We’ve crunched the numbers on housing, utilities, transportation, and more to bring you seven cities and towns where you can achieve financial stability without sacrificing the unique Western experience. If you’re also considering other regions, you might find our guide on the most affordable places to live in Arkansas helpful for comparison.

Key Takeaways

1. Widespread Affordability: Wyoming’s overall cost of living is 5%-15% below the national average, with many communities providing wallet-friendly housing, especially compared to neighboring states. For context, their overall cost of living is lower than many states, making it an attractive option.
2. Variety of Options: Affordable living isn’t limited to remote towns; it includes college towns, energy hubs, and communities with prosperous job markets, offering choices for every lifestyle.
3. Trade-Offs Exist: The most affordable areas often come with trade-offs, such as fewer job opportunities outside key sectors, higher crime rates, or more remote locations that require longer drives for major amenities.
4. Beyond the Purchase Price: True affordability includes utility costs, which can be high in areas with extreme temperatures, and transportation expenses, which are substantial in isolated communities.
5. Essential to Research: Safety and school ratings vary dramatically from city to city, making it crucial to research specific neighborhoods rather than relying on statewide generalizations.

I. Methodology: How We Chose the Most Affordable Places

Our selection of these seven locations is based on a weighted criterion prioritizing key metrics relevant to residents seeking value. Our goal is to identify places that offer a harmonious balance of affordability, access to essentials, and community, not just the lowest price tag.

1. Housing & Affordability (30%): The primary driver for relocation. We’ve examined median home price, average monthly rent, and overall affordability compared to state averages—using crucial ratios including home-price-to-income to gauge true accessibility in a high-cost environment.
2. Cost of Living (25%): Beyond housing, this metric evaluates day-to-day expenses defining a budget, including the cost of groceries, utilities, transportation, and healthcare relative to other parts of the state.
3. Access & Infrastructure (20%): Here, affordability can be negated by isolation. This criterion assesses critical access to groceries, healthcare facilities, major employers, and reliable internet and transportation links.
4. Community & Safety (15%): A fundamental need. This assesses crime rates and considers the strength of community engagement, social offerings, and amenities that contribute to a high quality of life.
5. Economic Resilience & Opportunity (10%): For long-term viability, we evaluate economic diversity, key industries, and employment trends to ensure a community is built for a stable and prosperous future.

Data for this article is compiled from verified 2025 sources, including Zillow, the U.S. Census Bureau, Bureau of Labor Statistics, FBI crime data, and local market reports.

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II. Detailed Community Analysis: Seven Affordable Enclaves

1. Evanston: The Border Town Bargain

A. Cost of Living & Housing: Evanston offers the lowest cost of living on our list, with incredibly affordable housing and living expenses. Housing options hold exceptional value, making homeownership accessible to nearly everyone. Overall affordability allows residents to live comfortably on modest incomes.

B. Economy & Job Market: Economic drivers include energy production, transportation, and retail serving the I-80 corridor. The city’s location near Utah’s border provides additional employment opportunities. While job diversity is limited, affordability allows for commuting to larger markets.

C. Access & Infrastructure: Situated on I-80 near the Utah border, it has standout transportation access. The city is within commuting distance of Salt Lake City for major air travel and specialized services. Local amenities include healthcare facilities and essential retail.

D. Quality of Life & Culture: It provides a quiet, small-town lifestyle with access to the Uinta Mountains and Bear River State Park. The city’s budget-friendly expenses allow residents to enjoy outdoor recreation and community events. Despite a lower safety rating, the savings makes it attractive for those prioritizing budget over amenities.

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2. Sheridan: The Historic Treasure

A. Cost of Living & Housing: Sheridan offers historic charm with modern affordability. The housing market features beautiful historic homes at reasonable prices, alongside new construction. Cost of living provides standout value for a city with exceptional amenities and quality of life.

B. Economy & Job Market: The economy is diverse, with healthcare, education, retail, and tourism as major employers. The presence of Sheridan College and the VA Medical Center provides stable employment. High quality of life attracts remote workers and retirees.

C. Access & Infrastructure: Located at the base of the Bighorn Mountains, there exists  adequate transportation links via US-14 and US-87. Sheridan County Airport (SHR) provides regional connections. The city has excellent healthcare facilities and all essential services.

D. Quality of Life & Culture: Here offers an exceptional quality of life with its historic downtown, vibrant arts scene, and proximity to the Bighorn Mountains. The city’s safety rating is among the best in WY, and its community amenities support an active, engaged lifestyle. The combination of natural beauty, cultural opportunities, and safety makes it ideal for families and retirees.

3. Rock Springs: The Sweetwater County Value

A. Cost of Living & Housing: Rock Springs offers pristine affordability in southwestern Wyoming. The housing market provides tremendous value, with many properties available at bargain prices. Overall cost of living allows residents to maximize their budget while enjoying access to essential services.

B. Economy & Job Market: The economy is driven by trona mining, oil and gas production, and transportation. These industries provide stable, well-paying jobs, though the market can be cyclical. Healthcare and retail services provide support for additional employment opportunities.

C. Access & Infrastructure: Located on I-80, The Springs serves as a major transportation corridor. The city has a regional airport (RKS) and comprehensive medical facilities. All essential retail and services are available locally, reducing a need for long-distance travel.

D. Quality of Life & Culture: The Home of 56 Nationalities celebrates its diverse heritage while offering access to world-class outdoor recreation in the Flaming Gorge area. Community events and recreational facilities provide ample entertainment. While the safety rating is modest, the economic opportunities and affordable living make it attractive for budget-conscious residents.

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4. Laramie: The College Town Gem

A. Cost of Living & Housing: Laramie mixes college-town vibrancy with Wyoming affordability. The presence of the University of Wyoming creates a stable rental market and provides housing options for all budgets. Low cost of living allows for a quality lifestyle with access to educational and cultural resources.

B. Economy & Job Market: Economic performance is tied to the University of Wyoming, providing stable employment in education and research. Healthcare, retail, and government services complement the academic focus. Their educated workforce and research opportunities attract diverse industries.

C. Access & Infrastructure: Situated on I-80 between Cheyenne and Laramie, the Gem City has reliable transportation links. Laramie Regional Airport (LAR) provides connections, and the city has comprehensive medical services. The university infrastructure supports high-speed internet and community facilities.

D. Quality of Life & Culture: Life revolves around academia, offering cultural events, Division I athletics, and intellectual stimulation. Being situated near the Medicine Bow Mountains provides exceptional outdoor recreation. The combination of educational opportunities, cultural amenities, and natural beauty creates a unique quality of life.

5. Gillette: The Energy Boomtown

A. Cost of Living & Housing: Gillette offers some of the most affordable housing in-state, particularly for a city with proven economic prospects. The Energy Capital of the Nation has a housing market that provides exceptional value, with many homes available well below $300,000.

B. Economy & Job Market: Employment is dominated by coal, oil, and natural gas production, offering high wages for skilled workers. While subject to energy market fluctuations, the sector provides stable, well-paying jobs. Healthcare and education also contribute to economic diversity.

C. Access & Infrastructure: Located at the junction of I-90 and US-14/16, this serves as the commercial hub for northeastern Wyoming. Home to a regional airport (GCC) and comprehensive medical facilities. All essential services and retail are available locally.

D. Quality of Life & Culture: It offers a developed community with pristine recreational facilities, including the CAM-PLEX multi-event center. Their parks and outdoor spaces provide ample recreation opportunities. While the safety rating is average, the community’s economic vitality and affordable living make it attractive for working families.

6. Cheyenne: The Capital City Value

A. Cost of Living & Housing: Cheyenne offers the amenities of a capital city with surprisingly affordable housing. While not for those prioritizing savings, it provides quality value with stable neighborhoods and respectable schools. The cost of living allows for a comfortable lifestyle with access to state government jobs and services.

B. Economy & Job Market: As the state capital and home to F.E. Warren Air Force Base, this economy is diverse and stable. Government, military, healthcare, and transportation/logistics provide numerous employment opportunities. Located near Colorado offers additional job prospects.

C. Access & Infrastructure: Situated on I-25 and I-80, this is Wyoming’s best-connected city. It’s only 90 minutes from Denver International Airport (DEN) and has excellent healthcare facilities, including Cheyenne Regional Medical Center. All major retail and services are readily available.

D. Quality of Life & Culture: The Magic City of the Plains holds a rich Western heritage with modern amenities. Frontier Days provides world-class entertainment, while numerous parks and recreational facilities support an active lifestyle. Their safety rating and family-friendly atmosphere make it ideal for those seeking urban convenience with Western charm.

7. Casper: The Energy Hub with Mountain Views

A. Cost of Living & Housing: Casper offers the best balance of affordability and amenities in the Equality State. As the second-largest city, it provides urban conveniences at small-town prices. Housing is stable with a notable mix of historic homes and new construction, all at prices well below national averages.

B. Economy & Job Market: The Oil City’s economy is anchored by the energy sector, particularly oil and gas production. Healthcare, education, and retail provide stable employment opportunities. Additionally, it serves as a regional hub for central Wyoming, offering diverse job prospects across multiple industries.

C. Access & Infrastructure: Located at the intersection of I-25 and US-20/26, this is well-connected with a regional airport (CPR) offering flights to Denver. There are comprehensive healthcare facilities, including Wyoming Medical Center, and all major retail and grocery chains.

D. Quality of Life & Culture: Life revolves around outdoor recreation, with Casper Mountain providing year-round activities. The city boasts excellent parks, a vibrant arts scene, and family-friendly amenities. Its central location makes it ideal for exploring the entire state while maintaining access to urban comforts.

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III. A Relocation Checklist for Your Wyoming Home

1. Budget for the True Cost: Account for utility costs, which can be high for heating in their cold winters. Factor in transportation costs, especially when living in more remote areas or commuting to larger cities.
2. Secure Employment First: Job markets can be specialized. Secure employment before moving, especially if you’re not in high-demand fields like energy, healthcare, or education.
3. Visit in Person: If possible, visit your chosen community. These towns have distinct personalities and microclimates. Get a feel for the area, weather patterns, and local amenities firsthand.
4. Confirm Internet Reliability: For remote workers, this is essential. While larger towns have reliable service, confirm the provider and available speeds at your specific address before committing.
5. Prepare for Winter: Winters can be severe. Budget for winter clothing, vehicle preparation, and potential heating costs that may be higher than you’re used to.

Conclusion: Your Affordable Wyoming Future Awaits

From the energy hubs of Casper and Gillette to the college town charm of Laramie and the historic appeal of Sheridan, these seven communities prove that you can access the Western dream without a premium price tag. Wyoming offers a unique opportunity to build a future where your love for wide-open spaces and outdoor adventure is matched by the financial wisdom of your chosen home.

The state’s no-income-tax policy, combined with affordable housing markets across these communities, creates an environment where your dollar stretches further. Whether you’re drawn to the energy sector’s high wages, the stability of younger towns, or the quiet charm of smaller communities, Wyoming has an affordable option that fits your lifestyle.

By carefully considering what each of these affordable enclaves has to offer—balancing cost of living with job opportunities, amenities, and quality of life—you can find the perfect spot to plant your roots under the big Wyoming sky. For those considering other mountain states, you might also explore the most affordable places to live in Colorado for comparison.

FAQs About the Most Affordable Places to Live in Wyoming

1. Is it possible to find a home under $250,000 in Wyoming?
Yes, absolutely. Markets including Evanston, Rock Springs, and Gillette regularly have numerous homes listed below $250,000. These may be older properties but represent excellent value and are typically in good condition.

2. What is the biggest hidden cost of moving to Wyoming?
Winter expenses. Heating costs can be substantial during Wyoming’s cold winters, and vehicle maintenance for winter driving conditions adds up. Additionally, transportation costs in remote areas can be higher than expected.

3. Are these communities good for remote workers?
It varies. Larger areas including Cheyenne, Casper, and Laramie have multiple providers with reliable high-speed internet. More remote communities may have limited options, so it’s essential to confirm reliable internet availability at your specific address before committing.

4. What is the property tax situation like?
WY has relatively low property tax rates compared to the national average. The state’s mineral wealth helps keep property taxes manageable for residents, adding to the overall affordability.

5. How do I choose between these cities?
Prioritize your needs:

1. For Jobs: Look at Casper or Cheyenne for diverse opportunities.
2. For Lowest Cost: Consider Evanston or Rock Springs.
3. For Families: Sheridan and Cheyenne offer elite schools and safety.
4. For Retirees: Sheridan and Laramie provide great amenities and quality of life.
5. For Outdoor Access: All Wyoming towns offer excellent recreation, but Rock Springs and Sheridan have exceptional nearby opportunities.