Cost of Living in Laramie, WY
Housing
The housing market plays a significant role in determining the cost of living in Laramie, WY.
- Housing Index: Data is updating
- Median Home Price is: $294,000
- Average Rent (2 BR Apartment): $1112 per month
- Average Rent (2 BR House): $1209 per month
When considering a move to Laramie, WY, it’s important to look closely at the housing factors. This locale has a housing index of None, indicating affordability compared to national averages. With a median home price of 294000, home ownership may be attainable for many, especially when factoring in favorable mortgage rates. For renters, the average cost of a 2-bedroom apartment is 1112, while a house averages 1209. It's worth noting that residing in Laramie may offer lifestyle benefits alongside manageable living expenses. Be sure to enrich your insights with neighborhood amenities and job market statistics for better decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laramie, WY.
- Electricity Price: $12.9 USD (median by state)
- Natural Gas Price: $13.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Laramie, WY could entail higher utility costs. Electricity costs sit at $12.9, while natural gas is priced at $13.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Laramie is a financially viable option for your relocation.