Cost of Living in Rock Springs, WY

With a cost of living index of 81, Rock Springs, WY is a very affordable place to live. Living here is 19% cheaper than the national average and 9% below the Wyoming state average of 90. Rock Springs is a smaller community of 23,229 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Rock Springs's cost of living. The median monthly rent is $943 (29% below the US median of $1,319), and the median home value sits at $245,600 (19% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Rock Springs is $73,307, which is 2% lower than the national median of $75,149. Residents spend roughly 15% 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.