Living in Laramie, Wyoming
Cost of living, income, home prices, rent and demographics of Laramie · Census data 2020–2024
Laramie has 32,234 residents with a median age of 26.9. The median household income is $55,613 (27% lower than the Wyoming median), the median home value is $319,500, the median rent is $925/month.
Laramie at a glance
- Population
- 32,234
- Median age
- 26.9State: 39.1
- Median household income
- $55,613State: $76,176
- Median home value
- $319,500State: $309,700
- Median rent
- $925/moState: $992
- Homeowners
- 44.1%
- Bachelor's degree or higher
- 56.2%
- Average commute
- 14 min
Is Laramie a good place to live?
Pros: An average commute of 14 minutes.
Cons: Median household income 27% lower than the Wyoming median; home values 3% higher than the state median; unemployment of 4%; a poverty rate of 22.5%.
The weather is best in June to September.
Cost of living in Laramie
Housing is the biggest part of the cost of living. In Laramie the median home value is $319,500, 4% lower than the U.S. median. Renters pay a median of $925 per month, which is 30.8% of household income. Homeowners with a mortgage pay $1,708 a month in housing costs.
Laramie median household income
The median household income in Laramie is $55,613 and the income per person is $35,096. 22.5% of residents live below the poverty line (Wyoming: 10.5%).
Housing in Laramie: homes for sale and rent
- Housing units
- 15,490
- Owner-occupied
- 44.1%
- Renter-occupied
- 55.9%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.04
Laramie demographics
- Population
- 32,234
- Median age
- 26.9
- Under 18
- 13.8%
- 65 and older
- 11%
- Households
- 14,527
- Foreign-born
- 8.4%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Laramie ›
Education in Laramie
56.2% of adults 25 and older in Laramie have a bachelor's degree or higher (Wyoming: 30.6%), and 29.2% have a graduate or professional degree.
Jobs and commute in Laramie
- Unemployment rate
- 4%State: 3.7%
- Average commute
- 14 minState: 19 min
- Work from home
- 10.8%
- Drive alone
- 64.3%
- Public transit
- 2.4%
- Walk to work
- 8.8%
- Homes with broadband
- 88.6%
Laramie vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Laramie | 32,234 | $55,613 | $319,500 | $925 |
| Centennial | 521 | $110,579 | $288,600 | — |
| Rock River | 219 | $49,500 | $127,000 | $2,059 |
| Red Feather Lakes | 365 | $138,696 | $356,900 | — |
More for people moving to Laramie
Laramie ZIP code ›Weather and climate ›Living in Laramie: FAQ
What is the median household income in Laramie, WY?
The median household income in Laramie is $55,613, 27% lower than the Wyoming median of $76,176 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Laramie?
The median home value in Laramie is $319,500, compared with $309,700 in Wyoming.
How much is rent in Laramie?
The median gross rent in Laramie is $925 per month, about 30.8% of household income.
Is Laramie, WY a good place to live?
Pluses: an average commute of 14 minutes. Minuses: median household income 27% lower than the Wyoming median; home values 3% higher than the state median; unemployment of 4%; a poverty rate of 22.5%.
What is the median age in Laramie?
The median age in Laramie is 26.9 years (Wyoming: 39.1).
How long is the commute in Laramie?
The average commute to work in Laramie is 14 minutes; 10.8% of workers work from home.
What is the unemployment rate in Laramie?
The unemployment rate in Laramie is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Laramie?
56.2% of adults in Laramie have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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