Cost of Living in Wyoming (2024) | SoFi

(Last Updated – 04/2023)From the boundless canyons of Yellowstone National Park to the cascading alpines of Grand Teton, there’s no denying that Wyoming is one of America’s most beautiful states.The fact that it’s also America’s least-populated state, with fewer than six residents per square mile, means that it’s certainly not a bad pick if you’re looking to get away from crowds.If you’re one of those lovers of open roads and sprawling views, Wyoming just might be the state for you. The lack of a state income tax also doesn’t hurt! Let’s take an in-depth dive into the Wyoming cost of living.What’s the Average Cost of Living in Wyoming?Average Cost of Living in Wyoming: $47,832 per yearWyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana. It also ranks among the top 20 most affordable states in the nation, according to MERIC data collected in 2022.According to the latest data from the Bureau o...