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These days, finding an affordable place to live in the Laramie area can be challenging. Home prices in Laramie are now at a median cost of $338,359, lower than the Wyoming average of $376,641.
The average cost of rent is $986/mo in Laramie, primarily driven by the current value of real estate in the Laramie area. In Laramie, 53.58% of households rent, and 37.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Laramie is $5,535 per month. Households that rent pay about 17.81% of their income on rent here. Laramie’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Laramie, WY: equally priced homes
- Red Buttes, WY: higher priced homes
- Wyoming, WY: higher priced homes
- Tie Siding, WY: higher priced homes
- Buford, WY: higher priced homes
- Woods Landing, WY: higher priced homes
- Harriman, WY: higher priced homes
- Horse Creek, WY: higher priced homes
- Centennial, WY: less expensive homes
- Granite Canon, WY: higher priced homes
Cities with Similar Populations
- Deer Park, TX: less expensive homes
- Alamo, TX: less expensive homes
- Granger, IN: equally priced homes
- Troy, OH: less expensive homes
- University City, MO: higher priced homes
- University Park, FL: higher priced homes
- Waycross, GA: less expensive homes
- West Chicago, IL: equally priced homes
- Desert Hot Springs, CA: equally priced homes
- Wheeling, WV: less expensive homes
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