9 Most Affordable Places to Live in Wyoming
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.
#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.
#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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