Cheyenne has a cost of living that's comparable to the rest of the state. While transportation and utilities are slightly more expensive in Cheyenne, the city's low housing prices offset the higher costs.
Both Cheyenne and Wyoming have costs of living that are lower than the national average. Cheyenne's overall cost of living index is 95, making it about five percent cheaper than the national average. Wyoming's cost of living index is 94.
Cheyenne, WY Job Opportunities
Cheyenne has several important job sectors, including retail, technology and manufacturing. Recent growth in the technology sector has helped create software programming, hardware development and database maintenance jobs.
Government has also helped create job opportunities in Cheyenne. Many of the city's residents work at or for the U.S. Air Force. F.E. Warren Air Force Base is located just west of Cheyenne. The local government employs teachers, maintenance and sanitation workers, clerks and police officers.
Other important employers in the Cheyenne area include Wal-Mart, Lowe's, Sierra Trading Post and Green House Data.
Cheyenne, WY Employment Trends
Cheyenne has a very low unemployment rate that remained fairly stable throughout the Great Recession. The city's unemployment rate was just 3.3 percent in October 2007. Unemployment did rise to 7.6 percent in January 2010, but the economy was healthy enough at pre-recession levels by April 2015.
Historically, Wyoming has an even lower unemployment rate. The state unemployment rate was just 2.9 percent in October 2007. It reached 7.2 percent in January 2010. State unemployment, however, has not returned to its pre-recession rate. It was 4.1 percent in April 2015. Still, this is much healthier than most states. Only 10 states have lower unemployment rates than Wyoming. According to the Bureau of Labor Statistics, the national unemployment rate was slightly over five percent during 2015's first quarter.