Laramie, Wyoming Income Statistics
Laramie Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Laramie Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Laramie | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,025 | $76,390 | $80,455 |
| Median Personal Income | $50,366 | $58,883 | $60,758 |
| Average Yearly Income Growth | 3.7% | 3.2% | 4.8% |
| Six-Figure Earners | 7.6% | 11.9% | 13.9% |
| $200k+ Households | 5.4% | 8.5% | 13.2% |
The median household income in Laramie is about 29% lower than in Wyoming. Income has been growing faster in Laramie (3.7%/yr) than in Wyoming (3.2%/yr).
About 8% of adults in Laramie earn six figures ($100,000 or more) a year, lower than the Wyoming average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Laramie, Wyoming grew by 52.6% from 2009 to 2024, reaching $54,025 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Laramie
| Metric | Laramie | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.519 | 0.552 |
| Male Median Income | $60,377 | $70,090 | $69,667 |
| Female Median Income | $50,035 | $50,855 | $56,850 |
| Gender Pay Gap | 17.1% | 27.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Laramie, it is 0.578, higher than Wyoming's 0.519, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 21% more than women's income in Laramie, Wyoming. Over a 35-year career, a 21% wage gap accumulates to roughly $361,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Laramie, Wyoming has narrowed from about 26% to 17% in 2024. Over that period the gap was narrowest at 13% in 2012. In dollar terms, the gap has narrowed by $368 since 2009.
Employment
| Metric | Laramie | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 3.7% | 5.2% |
| Working from Home | 10.8% | 9.4% | 15.0% |
| Commute time (minutes) | 10 | 13 | 22 |
Approximately 647 people are unemployed in Laramie, Wyoming.
The average commute time in Laramie is 10 minutes, shorter than the 13 minutes in Wyoming.
Unemployment Rate Over Time
The unemployment rate in Laramie, Wyoming has stayed about flat at 4.6% since 2011. Over that period the rate peaked at 5.3% in 2014 and fell as low as 3.9% in 2020.
Conclusion
Considering all these factors, Laramie, Wyoming has an overall wealth index grade of D, making it somewhat worse than Wyoming, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Laramie, Wyoming.
How Rich Is Laramie, Wyoming?
Laramie has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $54,025, about 29% lower than the Wyoming average of $76,390.
Are incomes growing in Laramie, Wyoming?
Between 2009 and 2024, the median household income in Laramie, Wyoming rose 53%, from $35,396 to $54,025. Over the same years, income here outpaced Wyoming as a whole: +53% against +47%.
What was the median household income in Laramie in 2023?
In 2023, the median household income in Laramie, Wyoming was $52,431, up 6% from $49,363 in 2022. The Wyoming median that year was $74,839.
What was the median household income in Laramie in 2020?
In 2020, the median household income in Laramie, Wyoming was $47,752. By 2024 it had risen 13% to $54,025.
What is the Gini coefficient in Laramie, Wyoming?
The Gini coefficient in Laramie is 0.578. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Laramie, Wyoming?
Since 2009, the income gap between men and women in Laramie, Wyoming has narrowed from about 26% to 17% in 2024. Over that period the gap was narrowest at 13% in 2012. In dollar terms, the gap has narrowed by $368 since 2009.
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