How does living in the Equality state affect your wallet? doxo breaks down key insights about Wyoming’s household expenses, with a close eye to how bills differ in towns and cities across the state. The average household in Wyoming, doxo’s data reveals, pays $2,031 in bills per month.
doxo’s data also has infographics for 11 cities and towns across Wyoming, breaking down localized bill pay data figures as well. The state-wide rankings for most and least expensive cities provide insight into cost of living in Wyoming and how it changes according to location.
The data sheds light on Wyoming’s cost of living through other metrics, too. For example, the “percent of household income” data point shows what percentage of household income local residents spend on bills. doxo’s data also indicates how much more or less expensive specific cities are than the national and state average.
Wyoming residents pay $2,031 in household bills a month
The average Wyoming household pays $2,031 a month for the 10 most common household bills. This figure takes into account the 10 most common household bills, which are: Mortgage; Rent; Auto Loan; Utilities (electric, gas, water & sewer, and waste & recycling); Auto Insurance; Cable & Internet & Phone, Health Insurance (consumer paid portion); Mobile Phone; Alarm & Security; and Life Insurance.
Wyoming residents, overall, get a good deal on their bills: the state ranks 24th out of 50 states in terms of average monthly spending. Vermont ranks 23rd, with annual monthly expenses of $2,036, and Georgia ranks 25th, at $2,004.
Wyoming’s household expenses, on average, are 0.7% lower than the national average of $2,046.
Absolute dollar amounts don’t tell the full story, however. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. Wyoming households spend 37% of their income on household bills.
Annually, Wyoming residents pay $6 billion in household bills. See more data about bill pay in Wyoming by clicking on the infographic link below.
Data: doxoINSIGHTS’ bill pay infographic about Wyoming
- Average Bill Cost per HH: $2,031 per month
- State Bill Pay Market Size: $6 billion
- doxoINSIGHTS State Rank: 24 out of 50
- Percent of HHI Used for Bills: 37%
- Difference from the National Average: 0.7% lower
Housing bill category drives Wyoming’s high monthly bill expenses
The average Wyoming household pays $2,031 in the 10 most common household bills per month. Rent and mortgage expenses drive savings, with both being considerably lower than the national average. The average mortgage payment in Wyoming is $1,322, and average rent is $907, compared to the national average mortgage bill of $1,321 and rent bill of $1,191.
Other than housing-related expenses, auto loans are the most significant of the 10 most common bills for Wyoming residents. The average auto loan bill in Wyoming is $545 a month, compared to the national average of $467.
Compared to the national average, auto insurance bills are also a notably higher expense for residents of Wyoming. The average household in the state pays $220 a month for auto insurance, compared to the national average of $207.
Utilities, by contrast, is more affordable in Wyoming. While US residents on average spend $351 per month on utilities, in Wyoming they spend just $324.
Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. These just include out-of-pocket expenses. Also, the state and national bill totals take into account the percentage of households that pay a bill.
Average Wyoming Household Bill Spending
|Bill Category||Average Wyoming Monthly Bill||National Average Monthly Bill||Wyoming Percent +/- National Average ($2,046)|
|Auto Loan||$545||$467||17% higher|
|Auto Insurance||$220||$207||6% higher|
|Cable & Internet||$126||$118||7% higher|
|Health Insurance||$80||$120||33% lower|
|Mobile Phone||$142||$119||19% higher|
|Alarm & Security||$83||$84||1% lower|
|Life Insurance||$95||$89||7% higher|
Jackson tops the list of most expensive cities for Wyoming’s household bills
Residents of Jackson pay the highest household bills in the state of Wyoming, at an average of $2,855 per month. Rock Springs comes second in the rankings, with residents paying $2,263 on average per month.
In proportion to household income, however, Rock Spring’s bills are similar to the ones in Jackson. While Rock Spring’s monthly bill basket makes up 38% of average household income there, Jackson’s bill basket accounts for 39% of average household income in that area.
Access detailed infographics about each city or town by clicking on the hyperlinks in the “City” column in the tables below. You can also browse doxoINSIGHTS’ regional bill comparison database to see infographics about more than 4,200 cities and towns across all 50 states in the US.
5 Most Expensive Wyoming Cities for Household Bills
(1-5 out of 11)
|City||Monthly Bill Expenses Per Household*||Percent of Household Income Used for Bills|
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).
Cody is the most affordable Wyoming city for household bills
Out of 10 cities and towns, Cody is the most affordable place in Wyoming, with residents paying $1,839 on average for household bills. Household bills account for 35% of local income in Cody.
Evanston comes in at the second most affordable town or city in Wyoming, with residents paying $1,873 per month on average.
5 Most Affordable Wyoming Cities for Household Bills
(7-11 out of 11)
|City||Monthly Bill Expenses Per Household||Percent of Household Income Used for Bills|
Some individuals may be deciding whether to move from a more expensive city to a less expensive one. doxoINSIGHTS can be a valuable resource for consumers seeking to make key decisions like this, allowing them to compare Wyoming’s household expenses against average bills in different cities and states across the country. They can also use doxoINSIGHTS’ regional bill comparison database to compare average costs for over 900 towns and cities across the country.