Laramie, Wyoming is an affordable place to live with a low cost of living. The average two-bedroom rent in Laramie is $850 compared to the national average of $1,430 - making it much more budget friendly than most other places. To supplement your income, there are several local companies like Union Telephone Company and Albany County School District #1 that offer competitive salaries and great benefits. In terms of groceries, Laramie’s grocery cost index is 97 versus the national average of 100; this means that groceries in Laramie are comparatively cheaper than elsewhere in the country. All together, these factors make Laramie an ideal city for those interested in saving money while enjoying all that this beautiful state has to offer.
Laramie has an unemployment rate of 4.3%. The US average is 6.0%.
Laramie has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Laramie
- The Sales Tax Rate for Laramie is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laramie is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laramie
- The average income of a Laramie resident is $22,097 a year. The US average is $28,555 a year.
- The Median household income of a Laramie resident is $45,299 a year. The US average is $69,021 a year.