Economy in Laramie
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Laramie, Wyoming
Laramie's economy is stable, largely driven by the presence of the University of Wyoming and a growing tourism sector. While specific job growth rates for 2026 were not readily available, the presence of a major university and a trade school like WyoTech suggests a consistent demand for skilled labor and educational professionals. The average monthly net salary in Laramie is around $5,428. The unemployment rate in Laramie was 2.2% in 2026. The city's small-town charm and outdoor amenities may also attract remote workers seeking a higher quality of life.
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About Laramie, Wyoming
Laramie, Wyoming, known as the "Gem City of the Plains," is nestled in southeastern Wyoming at an elevation of 7,200 feet, surrounded by the picturesque Snowy Range Mountains and the Medicine Bow National Forest. This location offers abundant outdoor activities, including fishing, camping, skiing, snowmobiling, hiking, biking, and climbing. Laramie provides a neighborly atmosphere and a warm, small-town feel with a population of approximately 32,511 in 2026. The city is also a hub of education, largely influenced by the presence of the University of Wyoming and WyoTech trade school, which contribute to a diverse mix of residents. Laramie gained international attention in 1870 when Louisa Swain became the world's first woman voter under laws guaranteeing absolute political equality.
About Wyoming
Wyoming, known as "The Equality State," is characterized by its vast, open landscapes, including the Rocky Mountains and high-elevation prairies, fostering a lifestyle deeply connected to nature and a strong sense of community. The state's economy is primarily driven by mineral extraction, particularly coal, natural gas, oil, and trona, alongside a significant tourism industry centered around national parks like Yellowstone and Grand Teton, and agriculture, mainly livestock and hay. Living in Wyoming generally offers a lower cost of living compared to the national average, with no state income tax. The climate is typically semi-arid and continental, featuring dry, windy conditions with significant temperature extremes, long winters, and short growing seasons, while the lifestyle embraces a slower pace, self-reliance, and abundant outdoor recreational opportunities.