Manageable

What Salary Do You Need to Live in Laramie?

To afford a 2-bedroom in Laramie, you need to earn at least $44,760/year based on estimated fair market rent data. The median household income here is $50,539, which means the typical resident is $5,779 above the threshold.

Census ACS Data Pop. 31,735

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$783	$2,610	$31,320	$-19,219
1 Bedroom	$929	$3,097	$37,160	$-13,379
2 Bedroom BENCHMARK	$1,119	$3,730	$44,760	$-5,779
3 Bedroom	$1,365	$4,550	$54,600	+$4,061
4 Bedroom	$1,679	$5,597	$67,160	+$16,621

Affordability Breakdown

Where the required salary line crosses above Laramie's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,539

Annual household

2BR Required Salary

$44,760

Under 30% rule

Income Gap

+$5,779

Surplus

Verdict

Manageable

Ratio: 26.6%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Laramie

Your Annual Salary

Pre-filled with Laramie's median household income

Max monthly rent you can afford$1,263

Studio

$783/mo

1 BR

$929/mo

2 BR

$1,119/mo

3 BR

$1,365/mo

4 BR

$1,679/mo

Your salary is $0 above the median income in Laramie.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Laramie's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Laramie

Renting in Laramie, Wyoming is doable for median earners, but tight. A 2-bedroom requires roughly $44,760/year under the 30% rule, and with a median income of $50,539, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($929/month) or studio ($783/month) materially improves the math. For those needing more space, a 3-bedroom in Laramie pushes the required income to $54,600.

For comfortable living in Laramie without financial stress, target a household income of at least $67,140 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Wyoming's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Laramie, Wyoming.

With a total population of 31,735, the city supports an active civilian workforce of 18,605 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $44,760 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

18,605

Active civilian employees in Laramie

Frequently Asked Questions About Renting in Laramie

What salary do I need to live in Laramie, Wyoming?

To afford a 2-bedroom in Laramie under the 30% rule, you need an annual salary of at least $44,760. The median household income in Laramie is $50,539.

Can I afford a 2-bedroom in Laramie on $50,539?

The affordability verdict for Laramie is "Manageable". The rent-to-income ratio is 26.6%, meaning median earners have a $5,779 surplus.

What is the average rent in Laramie compared to median income?

The median gross rent in Laramie is $929/month. With a median household income of $50,539, residents spend approximately 26.6% of their income on rent.

What salary do I need for a studio in Laramie?

A studio in Laramie rents for approximately $783/month. Under the 30% rule, you need an annual salary of $31,320 to afford this.

Is Laramie considered an affordable place to live?

Based on the surplus of $5,779 and an affordability verdict of "Manageable", Laramie is considered a manageable rental market when comparing the required 2-bedroom salary of $44,760 to the local median household income.

How Laramie Compares

Other cities in Wyoming with salary requirements