The most commonly reported measure for household income that reflects a typical household's financial situation, and what is often referred to when asking about "average" income, is the median household income. For Laramie, Wyoming, the median household income is $52,414.
This figure represents the midpoint of all household incomes, meaning half of the households in Laramie earn more than this amount and half earn less. The median is often preferred over the mean (a true average) for income data because it is less affected by a few extremely high or low incomes, thus providing a more representative picture of the general economic well-being.
Income Overview for Laramie, Wyoming
The latest available data, reflecting estimates for the period of 2019-2023 and presented in 2023 dollars, provides insight into the economic landscape of Laramie.In addition to household income, per capita income provides another perspective, indicating the average income per person within the population.
