Cheyenne, WY vs Laramie, WY

Cheyenne, WY and Laramie, WY have a very similar cost of living, with only a 4.3% difference in their overall index. Cheyenne scores 89 while Laramie scores 85 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheyenne is $1,035/month compared to $933/month in Laramie — a 11% difference. Home values follow the same pattern: Laramie is more affordable at $302,200 median vs $311,200.

Median household income in Cheyenne is $77,176 compared to $52,414 in Laramie (+47.2%). While Cheyenne is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheyenne spend roughly 16.1% of their income on rent, less than the 21.4% in Laramie.