Cost of Living in Wyoming, NY

With a cost of living index of 69, Wyoming, NY is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 42% below the New York state average of 111. Wyoming is a small community of 427 residents.

Housing costs are the biggest factor in Wyoming's cost of living. The median monthly rent is $733 (44% below the US median of $1,319), and the median home value sits at $128,300 (58% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Wyoming is $73,438, which is 2% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.