Is It Cheaper To Live In Idaho Or Wyoming? Cost Of Living Comparison

The cost of living in Wyoming stands at an average of $47,832 per year, making it the most economical option among the Rocky Mountain states, surpassing neighboring states such as Utah, Colorado, Idaho, and Montana. In fact, according to data from MERIC collected in 2022, Wyoming even secures a spot among the top 20 most affordable states in the entire nation. This information highlights Wyoming as an attractive choice for those seeking a budget-friendly living situation in the region.

Is Wyoming an affordable state to call home? Yes, indeed! The cost of living in Wyoming is notably lower than the national average, making it an attractive option for residents looking to stretch their dollars. Housing costs in Wyoming are 18% below the national average, making it easier to find affordable places to live. Additionally, utility expenses are 16% lower than the national average, which contributes to the overall affordability of the state. When it comes to everyday essentials, such as groceries and clothing, you’ll find that prices are also quite reasonable. Groceries in Wyoming are about 3% cheaper than the national average, making it easier for residents to put food on the table. Furthermore, clothing costs in the state are also approximately 3% lower than the rest of the country, giving residents access to affordable apparel options. Overall, Wyoming’s lower cost of living across these key categories makes it an attractive choice for those seeking affordability in their daily expenses.

What is the cost of living comfortably in Idaho? The average monthly expenses in the state amount to approximately $3,312, which translates to an annual total of nearly $39,739. This places Idaho as the 28th state with one of the lower costs of living in the United States. Compared to the national average, living costs in Idaho are about 2% lower.