Cost of Living in Lyman, WY

With a cost of living index of 87, Lyman, WY is a very affordable place to live. Living here is 13% cheaper than the national average and 4% below the Wyoming state average of 90. Lyman is a small community of 1,777 residents.

Housing costs are the biggest factor in Lyman's cost of living. The median monthly rent is $1,071 (19% below the US median of $1,319), and the median home value sits at $267,500 (12% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Lyman is $101,080, which is 35% higher than the national median of $75,149. Residents spend roughly 13% 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.