Laramie, Wyoming, stands as the poorest city in the state based on 2024 data, with a median household income of $50,539 and a staggering 24.8% poverty rate. Home to the University of Wyoming, its economy struggles amid low wages and high student poverty.
Economic Snapshot
Laramie’s median income lags Wyoming’s $74,000+ average, with 7,857 residents in poverty—highest analyzed. Unemployment contributes, though cost of living ranks low, easing housing burdens. Recent ACS data confirms its top spot over rivals like Riverton ($50,861 median, 14.5% poverty).
Contributing Factors
University-driven: Student-heavy population (31,735 total) inflates poverty stats, as many part-timers earn below thresholds. Limited industry beyond education/energy; post-COVID shifts hit service jobs. Albany County’s 21% poverty underscores rural challenges.
Comparison to Other Wyoming Towns
| Rank | Town | Median Income | Poverty Rate | Population |
|---|---|---|---|---|
| 1 | Laramie | $50,539 | 24.8% | 31,735 |
| 2 | Buffalo | $55,245 | 18.4% | 4,475 |
| 3 | Afton | $52,273 | 15.7% | 2,303 |
| 4 | Riverton | $50,861 | 14.5% | 10,733 |
| 5 | Wheatland | $53,627 | 11.1% | 3,575 |
Unlike oil-boom Gillette ($90k+ median), Laramie’s reliance on academia limits growth.​
Historical Context
Pre-2024, Torrington/Lusk held “poorest” titles (2017/2022 data: $40k medians). Laramie’s consistent low ranking ties to enrollment fluctuations; Wyoming’s 11.4% statewide poverty masks urban-rural divides.
Community Impacts
High poverty strains services: Food banks, UW aid programs busy. Positives: Cultural hub with trails, events; low violent crime. Education high (bachelor’s rates above peers).
Paths Forward
Diversification eyed: Tech/energy hubs, remote work. State grants target Albany; UW expansions create jobs. Residents note resilience amid Cowboy State boom.
SOURCES:
- https://www.roadsnacks.net/poorest-places-in-wyoming/
- https://jacksonholepress.com/each-states-poorest-town-lusk-wyoming/
