Laramie, WY
Population 31,848 · Wyoming
About Laramie, WY
Laramie is a mid-sized city located in Wyoming with a population of 31,848 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,414 per year, which is 30% below the national median of $75,149. The median age of 26.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Laramie features a median home value of $302,200, which is 23% above the national median of $244,900. This positions Laramie in a moderately priced market relative to the rest of the country. Median monthly rent is $933, 20% below the national average of $1,163/month. Of the 15,297 total housing units, 44% are owner-occupied (6,239 units) and 56% are renter-occupied (7,900 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Laramie shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 22.1%, above the national average of 12.4%. Workers in Laramie have an average one-way commute time of 13.5 minutes, one of the shorter commutes in the region.
Education & Demographics
55.8% of Laramie residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.6% White, 2.7% Hispanic or Latino, 1.0% Black or African American, and 4.1% Asian residents, with 7.7% of the population being foreign-born.
How Laramie Ranks in Wyoming
Cost of Living in Laramie, WY
Compared to national averages, Laramie has a median household income of $52,414 (30% below the national median of $75,149). Home values average $302,200, which is 23% above the national median. Monthly rent at $933 is 20% below the US average of $1,163. Within Wyoming, Laramie's income is 35% below the state average of $80,049, and home values are 0% below the state median of $302,372.
Why Live in Laramie, WY?
Laramie offers rent that’s lower than the national average at $933/month, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher, and short commute times averaging just 13.5 minutes.
Potential considerations include median household income ($52,414) that falls below the national average. However, Laramie’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laramie has a population of 31,848 with a median age of 26.9 years. Compare Laramie with other cities to see how it stacks up, or explore all cities in Wyoming.
Similar Cities Near Laramie
Cities in Wyoming with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gillette | 33,278 | $90,699 | $257,200 | Compare |
| Rock Springs | 23,229 | $73,307 | $245,600 | Compare |
| Sheridan | 19,035 | $61,598 | $295,300 | Compare |
| Evanston | 11,803 | $76,569 | $236,400 | Compare |
| Green River | 11,679 | $85,399 | $255,600 | Compare |
| Riverton | 10,803 | $56,280 | $204,900 | Compare |
| Jackson | 10,746 | $112,609 | $1,228,700 | Compare |
| Cody | 10,121 | $68,676 | $357,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wyoming
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Laramie With Other Cities
Frequently Asked Questions about Laramie
What is the population of Laramie, WY?
The population of Laramie, WY is 31,848 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Wyoming.
What is the median household income in Laramie?
The median household income in Laramie, WY is $52,414 per year, which is 30% below the national median of $75,149.
What is the median home value in Laramie?
The median home value in Laramie, WY is $302,200, which is 23% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Laramie?
The median monthly rent in Laramie, WY is $933, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Laramie?
The unemployment rate in Laramie, WY is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Laramie, WY a good place to live?
Laramie offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 31,848 and a median age of 26.9, the city appeals to young professionals and families.
How educated is Laramie, WY?
55.8% of residents in Laramie aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Laramie?
Key cost-of-living indicators for Laramie, WY: median home value is $302,200 (23% above national), median rent is $933/month, and median household income is $52,414. The home-value-to-income ratio is 5.8x, a moderate figure by national standards.
What is the poverty rate in Laramie?
The poverty rate in Laramie, WY is 22.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Laramie, WY?
Laramie's population is 6.6% White, 2.7% Hispanic or Latino, 1.0% Black or African American, 4.1% Asian, and 1.2% two or more races. 7.7% of residents are foreign-born.