Photo: Myotus · CC BY 4.0Measured against area pay, Wyoming costs less to live in than 57% of U.S. towns
It ranks #92 of 273 in Minnesota for affordability. Up 2.2% in a year, 13% above the Minnesota typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Minneapolis-St. Paul-Bloomington, MN-WI metro area ($100K). How TownRatings grades cost of living
The grade compares costs with what households across the Minneapolis metro earn ($100K, Census 2020–24). The typical home costs 3.7 years of metro income, and 34% of renters pay 30% or more of income for housing.
In dollars
- $394Ktypical home, 13% above the Minnesota typical homeZillow, September 2026
- $1,580a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 105prices across the Minneapolis metro, where the U.S. is 100 (housing 112)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.7 yrsof area income buys the typical home; the typical U.S. town: 3.3$100K, Minneapolis-area income
- 14%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 34%of renters pay 30%+ of income for housing; across Minnesota: 48%Census 2020–24
- 20%of owners do; the typical U.S. town: 20%Census 2020–24
The short version on homes in Wyoming
Rent is easier on renters here
34% of renter households spend 30% or more of their income on rent, against 48% across Minnesota. A standard two-bedroom is 18% of the median household income. Renting ↓
New building is almost all single-family houses
Of the 232 homes permitted in Wyoming’s past 10 years, every one was a single-family house. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; sales and supply are Redfin’s for May 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Wyoming’s grade
Measured against what households in the area earn, Wyoming is more affordable than 57% of U.S. towns, #92 of 273 in Minnesota. Property tax pulls the grade down most; rent holds it up.
Prices here have kept pace with Minnesota: up 13.3% in five years, against 14.1% statewide (Zillow).
Up 13.3% in five years
About the same pace as Minnesota (14.1%).
Show as a table
| January | Wyoming | Minnesota |
|---|---|---|
| 2017 | $234,000 | $216,000 |
| 2018 | $251,000 | $231,000 |
| 2019 | $268,000 | $245,000 |
| 2020 | $278,000 | $257,000 |
| 2021 | $310,000 | $280,000 |
| 2022 | $356,000 | $311,000 |
| 2023 | $367,000 | $322,000 |
| 2024 | $372,000 | $329,000 |
| 2025 | $383,000 | $338,000 |
| 2026 | $390,000 | $346,000 |
| September 2026 | $394,000 | $349,000 |
A typical Wyoming home worth $228K in October 2016 is worth about $394K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
Too few sales to read the market
Only 9 homes sold in May 2026, the latest month in Redfin’s figures: too few to describe the market or quote a median sale price.
A year’s rent takes 14% of area income
The calculator starts from the area income the grade uses. Switch to Wyoming’s own median, or type yours.
That’s $19K short of a typical Wyoming home.
A two-bedroom rents for about $1,580 a month here, $870 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Wyoming’s typical property tax (1.17% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,580
Renters already here pay a median of $1,166, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
29 new homes permitted in 2025
Builders were permitted 29 new homes in Wyoming in 2025, all single-family houses, worth about $8.9 million to build. That's 3.6 per 1,000 residents, about the pace of Minnesota as a whole. Over the past 10 years, Wyoming has permitted 232 homes in all.
Between the 2010 and 2020 censuses, Wyoming gained 241 residents while 156 new homes were permitted: about 1.5 new residents per new home, fewer than across Minnesota (2.2): building outpaced growth.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 11 | 11 | 0 | $3.3 million |
| 2025 | 29 | 29 | 0 | $8.9 million |
| 2024 | 23 | 23 | 0 | $7.4 million |
| 2023 | 13 | 13 | 0 | $4.2 million |
| 2022 | 35 | 35 | 0 | $11.5 million |
| 2021 | 31 | 31 | 0 | $10.4 million |
| 2020 | 5 | 5 | 0 | $1.4 million |
| 2019 | 21 | 21 | 0 | $7.4 million |
| 2018 | 32 | 32 | 0 | $9.1 million |
| 2017 | 28 | 28 | 0 | $7 million |
| 2016 | 15 | 15 | 0 | $4.1 million |
| 2015 | 10 | 10 | 0 | $2.1 million |
| 2014 | 20 | 20 | 0 | $4.7 million |
| 2013 | 20 | 20 | 0 | $4 million |
| 2012 | 7 | 7 | 0 | $1.4 million |
| 2011 | 3 | 3 | 0 | $975,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 2 | 2 | 0 | $525,000 |
| 2008 | 35 | 3 | 32 | $3.2 million |
| 2007 | 9 | 9 | 0 | $2.6 million |
| 2006 | 4 | 4 | 0 | $775,000 |
| 2005 | 3 | 3 | 0 | $521,000 |
| 2004 | 5 | 5 | 0 | $518,000 |
| 2003 | 51 | 51 | 0 | $5.3 million |
| 2002 | 40 | 40 | 0 | $3.4 million |
| 2001 | 91 | 91 | 0 | $7.2 million |
| 2000 | 92 | 92 | 0 | $8 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs above the Minnesota norm
The median bill is $4,277 (Minnesota: $3,357), 1.17% of a home’s value a year, against 1.02% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Wyoming
Only figures published free for the whole country, each labeled with the area it covers: the Minneapolis-St. Paul-Bloomington, MN-WI metro area, or Minnesota. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 105 | MN 99 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 103 | MN 101 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 93 | MN 91 | metro | BEA, 2024 |
| Other services U.S. = 100 | 104 | MN 100 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Wyoming vs. its neighbors
Of the 5 towns here with a Zillow value, Wyoming has the lowest. Linwood Township has no Zillow value, so it is in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Wyoming | B | $394K | $366K | 1.17% | $1,580 |
| Chisago City | C+ | $441K | $413K | 1.01% | $1,540 |
| Columbus | C | $484K | $460K | 1.05% | $1,690 |
| Stacy | B+ | $417K | $324K | 1.04% | $1,790 |
| Forest Lake | C+ | $428K | $394K | 0.95% | $1,680 |
| Linwood Township | B | — | $380K | 0.84% | $1,690 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Wyoming
Is Wyoming expensive to live in?
Measured against what households in the area earn, Wyoming costs less than 57% of U.S. towns: a B for cost of living, #92 of 273 in Minnesota. The typical home costs 3.7 years of the median household income of the Minneapolis-St. Paul-Bloomington, MN-WI metro area ($100K).
How much does a house cost in Wyoming?
About $394K, Zillow’s typical value for September 2026, up 2.1% in a year. The Minnesota typical home is $349K.
What salary do you need to live in Wyoming?
To buy the typical home with 20% down at 6.3%, about $105,000 a year, keeping the payment (about $2,450 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $63,000.
How much is rent in Wyoming?
HUD puts a two-bedroom at about $1,580 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,166 (Census 2020–24).
What are property taxes in Wyoming?
The median bill is $4,277 a year, 1.17% of the median home value (Minnesota: $3,357, 1.02%), from the Census 2020–24.
Are home prices in Wyoming going up?
Yes: up 2.1% in the past year and 13.3% in five years, against 14.1% across Minnesota (Zillow).
Neighbors talk housing
What Wyoming buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.