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Laramie County, WY

Cheyenne

RANK #259 / 996 NAT  ·  POP 100,316

1YR FORECAST: +2.3%

5YR OUTLOOK: +30%

Our model projects above-average housing market growth for Laramie County at +2.3% over the next year.

[01] Why Laramie County?

Laramie County, Wyoming, stands out for its unique blend of Old West heritage and access to natural landscapes. Home to Cheyenne, the state capital, the county is situated at the intersection of Interstates 80 and 25, about 100 miles north of Denver, Colorado. This location provides a commute shorter than the national average, around 14 minutes. The community offers a sparse suburban feel with many parks and a strong sense of belonging. Outdoor recreation is a significant draw, with opportunities for hiking, biking, fishing, kayaking, and paddleboarding at nearby Curt Gowdy State Park and Vedauwoo Recreation Area, known for its granite formations. The Greater Cheyenne Greenway also offers over 45 miles of paved trails for walking and cycling.

Life in Laramie County appeals to families and remote workers seeking a balance of affordability and outdoor access. The Laramie County School District 1 is the largest in the state, serving over 13,500 students across numerous elementary, junior high, and high schools. The local economy is experiencing growth, driven by strategic investments in sectors like data centers and energy. Cheyenne has seen a surge in housing permits and construction, aiming to address housing affordability. The presence of F.E. Warren Air Force Base also contributes to the county's diverse demographic and stable employment.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
+6.0%

Well above national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
3.0

Favorable climate & terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 4.5x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    F.E. Warren Air Force Base Military
    2,500+
  2. 2
    State of Wyoming Government
  3. 3
    Laramie County School District #1 Education
    1,000+
  4. 4
    Federal Government Government
  5. 5
    Cheyenne Regional Medical Center Healthcare
  6. 6
    Walmart Retail
  7. 7
    Laramie County Community College Education
  8. 8
    Microsoft Technology
  9. 9
    Meta Technology
  10. 10
    Black Hills Energy Energy

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Laramie County U.S. National

The Numbers

DEMOGRAPHICS
Population
100,316
+0.41% YoY
Median Household Income
$76,282
Median Home Value
$295,800
+3.21% 12mo
Median Rent
$1,043
Average Annual Pay
$60,961
+3.8% YoY
Employment
48,244
+1.6% YoY
Income-to-Home-Value
0.2579
More affordable than average
Migration Inflow
1.46%
of pop. from another state
Bachelor's Degree+
30.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$384,000
Days on Market
48
Moderate pace
Months of Supply
2.7
Seller's market
Listings w/ Price Drops
18.4%
Building Permits (2024)
497
Single-Family Permits
332

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.6
per 100K · nat avg 6.3
Firearm Fatalities
25.8
per 100K · nat avg 14.8
Injury Deaths
90.3
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
43.7
Good
Good Air Days
76%
833 of 1,092 days
Unhealthy+ Days (3yr)
16
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
44
2022
42
2023
45
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$53,200M
TOTAL
PROJECT AMOUNT STATUS
Project Jade Data Center Campus & BFC Power/Cheyenne Power Hub
Crusoe and Tallgrass Energy Partners
$50,000M Under Construction
Related Digital Cheyenne Data Center Campus
Related Digital (anchor tenant CoreWeave)
$1,200M Under Construction
Meta Cheyenne Data Center (Project Cosmo)
Meta
$800M Under Construction
Laramie Range Wind Project
Repsol Renewables
$650M Planned
Cowboy Solar II (Battery Storage)
Enbridge
$400M Planned
Southern Power Cheyenne Solar
Southern Power
$150M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +6.0% 90 percentile
Population Growth +0.4% 48 percentile
Income Growth +6.6% 14 percentile
Vacancy Rate 0.5% 94 percentile
Home Price Change +3.2% 74 percentile
Rent Growth +5.1% 80 percentile
Price/Rent 16x 23 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Laramie County, WY a good place to move to?

With a Boom Town Index score of 74/100, Laramie County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.6%, and median household income stands at $76,282 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in WY.

Is Laramie County affordable?

Housing in Laramie County is roughly in line with national affordability norms. The median home costs $295,800 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,043/month. Not a bargain, but not a stretch for most local earners either.

Is Laramie County growing or shrinking?

Employers in Laramie County are hiring — job growth of +1.6% — but the population is close to flat (+0.4% YoY). Home values moved +3.2% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Laramie County?

Not particularly — 1.46% of Laramie County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Natrona County, WY 65 Marshall County, AL 74 Ontario County, NY 74 Eddy County, NM 74 Lafayette County, MS 74 Fulton County, NY 74 Woodbury County, IA 73 Wayne County, NY 73