5 Most Expensive Places to Buy Property in Wyoming
Rock Springs, Wyoming comes in first place as the most expensive city to live in in Wyoming, with a median home value of $217,400. Possibly the most surprising thing about Rock Springs is how diverse it is. They are known as the “City of 56 Nationalities,” as many people immigrated to the city to work in the coal mines. As such, the residents are very friendly, helpful, and welcoming towards all people. They have an annual “International Day,” a festival where all the cultures come together to exchange food and traditions. They are the fifth most populated city in Wyoming, and have a rich history of coal mining and railroad building, as they are also located along the Union Pacific Railroad.
Laramie is the third largest city in Wyoming, and is the second most expensive place to buy property. The median property price is $212,300. Laramie is considered one of the best cities in which to retire. It is located in an extremely beautiful and scenic part of the state, and features a multitude of educational opportunities, as it is home to the University of Wyoming. Additionally, residents pay very little in taxes. They are located on the Union Pacific Railroad line.
Gillette, Wyoming comes in third place with a median home value of $207,700. Like many cities within Wyoming, they are also associated with coal mining and oil drilling. However, the residents of Gillette consider themselves to be the “energy capital of the nation,” as they provide nearly 35% of the nation’s coal. Their population is rapidly growing, exploding by nearly 50% in the last 10 years, after having their first population boom in the late 1900s. This has caused an increase in crime rate and a lower reported sense of community unity. Gillette is midway between Mount Rushmore and Yellowstone National Park.
Casper, Wyoming is the second largest city in the state, and also the fourth most expensive place to live. It is just ahead of Cheyenne with a median home value of $200,700. It has been nicknamed “the Oil City” because of its rich history with oil drilling, as well as cowboy culture and beautiful scenery. They are the regional center for banking, law firms and commerce, and also home to a myriad of outdoor recreational opportunities. The residents of the city are described as welcoming and friendly, and many people consider it a great place to live.
Cheyenne, Wyoming comes in fifth place as the most expensive place to buy property in Wyoming, with a median home value of $200,000. Cheyenne is actually the capital city of Wyoming, and is also the most populous city in the state, with roughly 64,000 people – although this isn’t saying much, considering Wyoming is the least populous state in America. They are home to the world’s largest outdoor rodeo, along with several other opportunities for outdoor events including mountain biking, camping, and rock climbing.