Wyoming attracts Americans from all over. And there’s a good reason why: No income tax, affordable healthcare, and quality education. You can’t go wrong with the Equality State!
Although property prices have risen in recent years, the average home value in the top 10 cheapest cities is still only around $400,000. Rawlins cost of living is 12.9% lower than the national average, and Torrington is 12.1% more affordable than the rest of the country.
But that’s not all! Retirees can enjoy Riverton’s friendly community and peaceful environment, with homes averaging a nominal $249K. Meanwhile, Casper offers a booming job market in education, healthcare, and technology, with median home prices at just $294,331.
Cheapest Places to Live in Wyoming in 2025
| City | Median Home Value | Median House Rent | Cost of Living Compared to National Average | Median Household Income | Population |
|---|---|---|---|---|---|
| 1. Rawlins | $190,417 | $855 | 12.9% lower ⬇️ | $69,912 | 8,032 |
| 2. Torrington | $231,125 | $775 | 12.1% lower ⬇️ | $53,393 | 6,212 |
| 3. Riverton | $249,430 | $900 | 7.6% lower ⬇️ | $56,280 | 10,923 |
| 4. Rock Springs | $280,795 | $899 | 6% lower ⬇️ | $73,307 | 22,954 |
| 5. Green River | $286,555 | $895 | 6% lower ⬇️ | $85,399 | 11,496 |
| 6. Evanston | $291,442 | $1,050 | 10.3% lower ⬇️ | $76,569 | 11,807 |
| 7. Casper | $294,331 | $1,250 | 5.1% lower ⬇️ | $69,171 | 58,720 |
| 8. Laramie | $366,784 | $1,499 | 5.1% lower ⬇️ | $52,414 | 32,152 |
| 9. Sheridan | $417,333 | $1,800 | 0.7% lower ⬇️ | $61,598 | 19,543 |
| 10. Gillette | $346,510 | $1,273 | 1.8% lower ⬇️ | $90,699 | 33,496 |
We have divided the top 10 most affordable places to live in Wyoming into three categories: for families, for young adults, and for retirees. Each city is evaluated based on key components of the Wyoming real estate market: median home value, median house rent and cost of living.
10 Cheapest Places to Live in Wyoming
Here’s our list of 10 cities that offer affordable living options in the Equality State:
#1 Rawlins
- Median house rent is $855 | Rental prices range between $375 and $2,500.
- Median home value of Rawlins is $190,417.
- Cost of living in Rawlins is 12.9% cheaper than the national average.
Rawlins’ transportation costs are 34% cheaper than the national average. The city is home to Rawlins High School, which makes it a decent choice for families. Outdoor enthusiasts will enjoy the Seminole State Park and Medicine Bow National Forest nearby. Besides, the Wyoming Frontier Prison, a historic landmark, is a major attraction for history buffs.
» Rawlins Homes for Sale: Find your dream home in the cheapest city to live in Wyoming.
#2 Torrington
- Median house rent is $775 | Rental prices range between $650 and $1,995.
- Median home value of Torrington is $231,125.
- Cost of living in Torrington is 12.1% cheaper than the national average.
Torrington offers affordable groceries 1% lower than the national average. The city is also home to Eastern Wyoming College. It provides educational opportunities for young adults and professionals. Torrington is family-friendly, with parks like Pioneer Park and events such as the Goshen County Fair. The Homesteaders Museum offers a glimpse into the area’s history.
» Torrington Homes for Sale: Browse thousands of property listings in Torrington.
#3 Riverton
- Median house rent is $900 | Rental prices range between $650 and $1,200.
- Median home value of Riverton is $249,430.
- Cost of living in Riverton is 7.6% cheaper than the national average.
Riverton boasts excellent healthcare facilities like SageWest Health Care, which makes it ideal for seniors or retirees. The city’s outdoor attractions like Sinks Canyon State Park and the Wind River Mountains, provide endless opportunities for hiking, fishing, and birdwatching. The city has a low crime rate, making it a safe and secure place to retire.
» Riverton Homes for Sale: Discover cheap houses in Wyoming for sale.
#4 Rock Springs
- Median house rent is $899 | Rental prices range between $559 and $2,250.
- Median home value of Rock Springs is $280,795.
- Cost of living in Rock Springs is 6% cheaper than the national average.
Utility costs in Rock Springs are 8.4% below the national average. It is also famous for its historical ties to the railroad and coal mining, with the Rock Springs Historical Museum. The city is close to Flaming Gorge National Recreation Area, a major attraction for outdoor activities. Besides, it also boasts strong schools, including Western Wyoming Community College, which attracts young adults and professionals.
» Rock Springs Homes for Sale: Check out our cheap homes in Wyoming for sale.
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#5 Green River
- Median house rent is $895 | Rental prices range between $450 and $1,600.
- Median home value of Green River is $286,555.
- Cost of living in Green River is 6% cheaper than the national average.
Green River is an affordable city with a growing professional landscape. Its economy is driven by top employers like Tata Chemicals, Genesis Alkali, and Bridger Coal Company. Expedition Island, a historic site where John Wesley Powell began his exploration of the Colorado River, is one of the major attractions. This offers space for young professionals to unwind.
» Green River Homes for Sale: Browse through thousands of properties in this city.
#6 Evanston
- Median house rent is $1,050 | Rental prices range between $631 and $2,459.
- Median home value of Evanston is $291,442.
- Cost of living in Evanston is 10.3% cheaper than the national average.
The city has good schools, including Evanston High School, and is close to the University of Wyoming Outreach School. Bear River State Park is a popular attraction for hiking and wildlife viewing. Evanston is also home to major companies like Union Tank Car Company and Inberg-Miller Engineers. The city is ideal for families, young professionals, and retirees.
» Evanston Homes for Sale: Find homes in the most affordable places to retire in Wyoming.
#7 Casper
- Median house rent is $1,250 | Rental prices range between $125 and $2,500.
- Median home value of Casper is $294,331.
- Cost of living in Casper is 5.1% cheaper than the national average.
Housing costs in Casper are 19% less than the US median. It is Wyoming’s second-largest city with excellent schools like Natrona County High School, and Casper College. Casper is known for its outdoor attractions, such as Casper Mountain and the North Platte River. The National Historic Trails Interpretive Center is a must-visit for history enthusiasts. These combined factors make Casper ideal for families and professionals.
» Casper Homes for Sale: Get yourself a home in this city.
#8 Laramie
- Median house rent is $1,499 | Rental prices range between $550 and $3,000.
- Median home value of Laramie is $366,784.
- Cost of living in Laramie is 5.1% cheaper than the national average.
Laramie is a charming city with a low cost of living and a vibrant college-town atmosphere, thanks to the University of Wyoming. The city is known for its outdoor attractions like Vedauwoo and the Snowy Range Mountains for skiing. Besides, the Laramie Mural Festival is an annual event where artists create stunning murals across the city for entertainment.
» Laramie Homes for Sale: Find homes in one of the cheapest place to live in Wyoming.
#9 Sheridan
- Median house rent is $1,800 | Rental prices range between $1,000 and $3,000.
- Median home value of Sheridan is $417,333.
- Cost of living in Sheridan is 0.7% cheaper than the national average.
Nature enthusiasts would find Sheridan a paradise, due to its proximity to the Bighorn National Forest. This stunning natural landscape offers a myriad of outdoor activities, from hiking and camping in wildlife. Besides, transportation is also 35% less than the US average. Hence, the blend of outdoor activities and economical living makes Sheridan an ideal choice for fulfilling lifestyle amid nature.
» Sheridan Homes for Sale: Search houses in one of the cheapest cities in Wyoming.
#10 Gillette
- Median house rent is $1,273 | Rental prices range between $575 and $3,000.
- Median home value of Gillette is $346,510.
- Cost of living in Gillette is 1.8% cheaper than the national average.
Gillette is known for excellent institutions, including Gillette College, and its outdoor attractions, such as the Devils Tower National Monument. The city is ideal for young professionals working in the energy industry. Top employers include Cloud Peak Energy and Alpha Coal West Inc. Also, events like the Campbell County Fair is popular among residents.
» Gillette Homes for Sale: Get homes in affordable cities in Wyoming.
So, Where Is the Cheapest Place to Live in Wyoming?
You will find cheap houses for sale in Wyoming under 200K in cities like Rawlins, Torrington, and Evanston. They offer stable job opportunities, and the cost of living is more affordable than other Wyoming cities.
To make your search easier, use Houzeo, Wyoming’s best home-buying website. Browse up-to-date listings, filter by budget, and make offers online in just a few clicks.
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Research Methodology for Cheapest Places to Live in Wyoming
To rank the top cities in Wyoming, we analyzed the northern, central, and southern regions, evaluating them based on specific criteria. Below is a breakdown of the factors used and the sources of information that informed our rankings.
- Population: World Population Review [1]
- Median Home Price: Zillow [2]
- Median Rent: Zillow [3]
- Cost of Living: Rent Cafe [4]
Frequently Asked Questions
What is the cheapest place to live in Wyoming?
The cheapest place to live in Wyoming is Rawlins. It offers affordable healthcare, which is 6.9% lower than the national average.
» 7 Cheapest Places to Live in Wyoming: Find out the other cheapest places to live in Wyoming.
Is Wyoming cheap to live in?
Yes, it is. The median home value is $352,603. If you're looking for cities with affordable housing in Wyoming and a low cost of living, you can try your luck in some of these cheapest places in America.
Where is the best place to live in Wyoming?
The best place to live in Wyoming is Cheyenne, followed by Casper, Laramie, Sheridan, Cody, Rock Springs and Riverton.
Which Wyoming city has the lowest cost of living?
Rawlins has the lowest cost of living, which is 12.9% and 10.7% lower than the national and state average, respectively.
