WPR News
2:43 pm
Fri December 26, 2003

Laramie Housing Costs Rising Faster Than Income

Laramie, WY – Housing costs in Laramie are rising faster than incomes, causing a shortage of affordable housing. That's according to a recent study for Laramie city government. Housing is considered affordable if it costs no more than 30 percent of gross monthly income. The study says 29 percent of households spend more than that. The average cost of a new single-family home in Laramie has risen to 160 thousand dollars. The study says most new housing in Laramie has become too pricey for even buyers with moderate incomes.