Cost of Living: Laramie, WY vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Laramie, WY versus $4,370/mo in Phoenix, AZ. In the model, rent is about 13.59% of gross in Laramie, WY versus 21.24% in Phoenix, AZ, so Laramie, WY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Laramie, WY and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Laramie, WY
- Lower rent (median 1BR/2BR): Laramie, WY
- Lower home prices: Laramie, WY
- Higher median household income: Phoenix, AZ
Cost of Living Index
Laramie, WY: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Laramie, WY has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Laramie, WY: $887/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $498/mo higher than in Laramie, WY.
Median Home Price
Laramie, WY: $302,200 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $79,700 higher than in Laramie, WY.
Median Household Income
Laramie, WY: $52,414 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Laramie, WY by $24,627.
Laramie, WY overview · Phoenix, AZ overview · Popular comparisons