Quick facts: Laramie, WY

Quick Facts

Data is updating, will be available soon
32,035
Population
13.58
Crime Rate per 1000
below US average
$50,539
Median Income
below US average
$259,000
Median House Price
above US average
$1178.48
Average Rent
below US average
11%
Poverty Rate
above US average
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,539.

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Income Needed to Buy

βœ— Stretch
$81k/year
Based on $259,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $81k vs median $50,539
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1178.48/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,539) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Laramie, WY

Laramie, Wyoming, is a vibrant college town nestled in the southeastern region of the state. Home to the University of Wyoming, it boasts a youthful atmosphere with a diverse student population. The city's elevation at nearly 7,200 feet provides stunning views of the surrounding Medicine Bow Mountains and offers abundant opportunities for outdoor activities such as hiking, skiing, and mountain biking. Established in the late 19th century, Laramie has a rich history reflected in its well-preserved historical architecture. The downtown area is charming, featuring local boutiques, restaurants, and art galleries, creating a strong sense of community. The Laramie River runs through the city, providing picturesque parks and recreational spaces. Additionally, the city is known for its cultural events, including the annual Laramie Jubilee Days, which celebrates Wyoming’s western heritage. With a blend of natural beauty, academic influence, and a welcoming atmosphere, Laramie is a unique destination that captures the spirit of the American West.

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