9 Most Affordable Places to Live in Wyoming

Key Takeaways:

– Wyoming offers a variety of highlights, including iconic landmarks and vast landscapes.
– Outdoor enthusiasts can enjoy hiking, camping, and wildlife viewing in the state.
– Charming small towns and cities like Jackson Hole and Cody offer Western charm and cultural experiences.
– Redfin has compiled a list of the most affordable places to live in Wyoming.
– Riverton is the most affordable city, with a median home price of $232,500.
– Green River and Rock Springs are also affordable options.
– Laramie, Casper, Evanston, Cheyenne, Gillette, and Sheridan are other affordable cities in Wyoming.
– Each city offers unique attractions and activities.
– The median home prices and household incomes vary across the cities.
– Data was sourced from the Redfin Data Center, Rent.com, and the United States Census Bureau.

REDFIN:

Wyoming has a variety of highlights, with its vast and rugged landscapes featuring iconic landmarks like Yellowstone National Park, Grand Teton National Park, and the majestic Rocky Mountains. Living in this state provides unparalleled opportunities for outdoor enthusiasts to explore nature’s wonders through hiking, camping, and wildlife viewing. The state’s charming small towns and cities like Jackson Hole and Cody offer a blend of Western charm, history, and cultural experiences.

If you’re considering living somewhere in Wyoming then chances are you also have a budget you’re hoping to stay under in your home or apartment search. For example, the median list price in Wyoming is $449,000 as of February. 

If that price doesn’t fit into your budget, don’t worry, Redfin has collected 9 of the most affordable places to live in Wyoming. And the best part is that they all have a median list price under $449,000. From Riverton to Rock Springs, find out which cities made the list.

#1: Riverton

Median home price: $232,500 
Average sale price per square foot: $106 
Median household income: $50,861 
Riverton, WY homes for sale
Riverton, WY apartments for rent

With a median home sale price of $232,500, Riverton lands the number one spot on our list as the most affordable place to live in Wyoming. There are about 10,700 residents living in this mid-sized city. Living in Riverton, you can explore the charming downtown where you’ll find museums, cafes, and parks.

#2: Green River

Median home price: $275,000 
Average sale price per square foot: $120 
Median household income: $83,497 
Green River, WY homes for sale
Green River, WY apartments for rent

Wyoming’s second most affordable city to live in is Green River. When living in this city of 11,500 people, you can check out Scott’s Bottom Nature Area, visit downtown Green River, and stop by the Flaming Gorge Scenic Byway.

#3: Rock Springs

Median home price: $312,450 
Average sale price per square foot: $129 
Average rent for a 1-bedroom apartment: $812 
Median household income: $75,863 
Rock Springs, WY homes for sale
Rock Springs, WY apartments for rent

Third is Rock Springs where about 23,000 residents currently live. The median home sale price is $312,450 which is about $135K less than the median home sale price in Wyoming. Make sure to visit the Rock Springs Historical Museum and check out downtown Rock Springs. if you move to the third most affordable city.

Casper is a city in and the county seat of Natrona County, Wyoming, United States. Casper is the second largest city in the state

#4: Laramie

Median home price: $315,000 
Average rent for a 1-bedroom apartment: $695 
Median household income: $83,497 
Laramie, WY homes for sale
Laramie, WY apartments for rent

A little more expensive than Rock Springs is the city of Laramie. About 32,000 people live in Laramie, where there are plenty of unique activities to do. Be sure to visit some of the museums like the Geological Museum, the Wyoming Territorial Prison State Historic Site, and the Laramie Railroad Depot, explore the University of Wyoming campus, and check out downtown Laramie.

#5: Casper

Median home price: $340,000 
Average sale price per square foot: $156 
Average rent for a 1-bedroom apartment: $959 
Median household income: $83,497 
Casper, WY homes for sale
Casper, WY apartments for rent

Consider adding Casper to your list of cities if you’re looking for an affordable place to move to in Wyoming. With 58,500 people living in this affordable town, Casper is a great option to consider when looking to live in Wyoming without paying the premium for a home in a larger city. Living in Casper, you can explore some of the unique museums like the National Historic Trails Interpretive Center, the Fort Caspar Museum, and the Tate Geological Museum at Casper College, and stop by the Oregon Trail Historical Markers.

#6: Evanston

Median home price: $341,000 
Average sale price per square foot: $116 
Median household income: $70,825 
Evanston, WY homes for sale
Evanston, WY apartments for rent

A recognizable city is Evanston, where the median home sale price is about $100K less than the state’s average. Evanston has about 11,800 residents and is a great city to consider renting or buying a house this year. Whether you stroll along the picturesque Bear River Greenway, and explore Bear River State Park, featuring 324 acres of wildlife, plains, and scenic views, there are many cool things to do and see in this city.

Bull Moose, Alces alces, buck, big male animal walking

#7: Cheyenne

Median home price: $378,000 
Average sale price per square foot: $91 
Average rent for a 1-bedroom apartment: $695 
Median household income: $74,989 
Cheyenne, WY homes for sale
Cheyenne, WY apartments for rent

Next on our list of affordable places to live in Wyoming is Cheyenne. With a population of close to 64,600, Cheyenne is a great area to live in, especially if you’re looking to live in Wyoming’s most populous city. If you’re going to call Cheyenne home, plan time to visit Cheyenne Frontier Days during the summer which has rodeos, concerts, and parades, stop by the Wyoming State Capitol, and see the exhibits at the Cheyenne Depot Museum.

#8: Gillette

Median home price: $382,500  
Average rent for a 1-bedroom apartment: $1,375 
Median household income: $90,415 
Gillette, WY homes for sale
Gillette, WY apartments for rent

If you’ve lived in Wyoming for some time, chances are you know of our eighth city – Gillette. About 33,400 people reside in Gillette. Be sure to visit the picturesque McManamen Park, explore downtown Gillette, and check out museums like Campbell County Rockpile Museum and Frontier Relics & Auto Museum once you move to Gillette.

#9: Sheridan

Median home price: $392,450 
Average sale price per square foot: $179 
Median household income: $57,667 
Sheridan, WY homes for sale
Sheridan, WY apartments for rent

Finishing off our list of affordable places to live in Wyoming is none other than Sheridan. The city’s population is just about 19,200, so you’ll be looking at moving to a mid-sized area. Attractions in Sheridan include exploring charming downtown Sheridan and checking out the creek side Kendrick Park.

Methodology: All cities must have over 10,000 residents per the US Census and have a median home sale price under the median list price in Wyoming. Median home sale price and median sale price per square foot from the Redfin Data Center during February 2024. Average rental data from Rent.com February 2024. Population and median household income data sourced from the United States Census Bureau.

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Property Chomp’s Take:

Wyoming is a state that offers a plethora of highlights, from its expansive and rugged landscapes to its iconic landmarks. With attractions like Yellowstone National Park, Grand Teton National Park, and the majestic Rocky Mountains, living in Wyoming provides unparalleled opportunities for outdoor enthusiasts to explore nature’s wonders through activities such as hiking, camping, and wildlife viewing.

Beyond its natural beauty, Wyoming also boasts charming small towns and cities that offer a blend of Western charm, history, and cultural experiences. Places like Jackson Hole and Cody showcase the state’s unique character and provide residents with a sense of community.

However, when considering living in Wyoming, it’s important to keep in mind your budget. The median list price for homes in Wyoming is $449,000 as of February. But don’t worry, Redfin has compiled a list of nine affordable places to live in the state, all with a median list price under $449,000.

Taking the top spot on the list is Riverton, with a median home sale price of $232,500. This mid-sized city is home to approximately 10,700 residents and offers a charming downtown area with museums, cafes, and parks to explore.

Next up is Green River, with a median home price of $275,000. This city of 11,500 people boasts attractions such as Scott’s Bottom Nature Area, downtown Green River, and the Flaming Gorge Scenic Byway.

Rock Springs takes the third spot, with a median home price of $312,450. With a population of about 23,000, Rock Springs is known for its historical museum and vibrant downtown.

Laramie, with a median home price of $315,000, comes in fourth. This city of approximately 32,000 people offers unique activities such as visiting museums, exploring the University of Wyoming campus, and checking out downtown Laramie.

Casper, with a median home price of $340,000, is the fifth most affordable city in Wyoming. With a population of 58,500, Casper offers attractions like the National Historic Trails Interpretive Center, the Fort Caspar Museum, and the Tate Geological Museum at Casper College.

Evanston, with a median home price of $341,000, ranks sixth on the list. This city of 11,800 residents features picturesque locations like the Bear River Greenway and Bear River State Park.

Cheyenne, the most populous city in Wyoming with a population of nearly 64,600, comes in seventh. With a median home price of $378,000, Cheyenne offers attractions such as Cheyenne Frontier Days, the Wyoming State Capitol, and the Cheyenne Depot Museum.

Gillette, known for its mining industry, takes the eighth spot with a median home price of $382,500. Approximately 33,400 people call Gillette home, and the city offers attractions like McManamen Park and downtown Gillette.

Finally, Sheridan, with a median home price of $392,450, completes the list. This mid-sized city of 19,200 residents is known for its charming downtown area and the picturesque Kendrick Park.

In conclusion, Wyoming is a state that offers a variety of highlights, from its natural wonders to its charming towns and cities. Whether you’re an outdoor enthusiast or looking for a community with Western charm, Wyoming has something to offer. And with Redfin’s list of affordable places to live, you can find a home or apartment that fits your budget while enjoying all that the state has to offer.

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