Rent Affordability for Wyoming (2026)
Wyoming (WY) Key Facts
Average 1 B R Rent
$900
Median Monthly Income
$5,417
Recommended Max Rent (30% Rule)
$1,625
Affordability Gap
Affordable
Rent to Income Ratio
16.6%
How This Calculator Works in Wyoming
This rent affordability calculator helps you determine how much rent you can reasonably afford in Wyoming based on your income and the 30% rule. Enter your monthly income and desired rent to see whether your housing costs are within a healthy range. The calculator also shows how your situation compares to the Wyoming average.
Wyoming Overview
With a median household income of $65,000, Wyoming residents can afford roughly $1,625/month in rent under the 30% guideline. Average 1-bedroom rent is about $900/month. Wyoming has no state income tax, which means renters keep more of their paycheck, effectively improving rent affordability compared to states with income taxes.
How Wyoming Compares
Wyoming's rent-to-income ratio of 16.6% is within the recommended 30% range. In neighboring Montana, the ratio is 22.0%. Nationally, about half of renters spend more than 30% of their income on housing, highlighting the widespread challenge of rental affordability.
| State | Top Rate | Notes |
|---|---|---|
| Montana | $1,100 | Average 1BR rent is $1,100 with median monthly income of $5,000. The 30% rule allows $1,500 for rent, which covers average rent. |
| Colorado | $1,500 | Average 1BR rent is $1,500 with median monthly income of $6,667. The 30% rule allows $2,000 for rent, which covers average rent. |
| Idaho | $1,100 | Average 1BR rent is $1,100 with median monthly income of $5,167. The 30% rule allows $1,550 for rent, which covers average rent. |
In Wyoming, the median household earns $65,000 annually ($5,417 per month). Using the 30% rule, the recommended maximum rent is $1,625 per month. With average 1BR rents at $900, rents are within the recommended affordability range. Nationally, about half of renters are considered cost-burdened (paying more than 30% of income on housing).
Tips for Wyoming Residents
- 1The 30% rule suggests spending no more than 30% of gross income on rent. In Wyoming, with a median household income of $65,000, the maximum recommended rent is about $1,625/month.
- 2Average 1-bedroom rent in Wyoming is roughly $900/month. This is within or near the 30% guideline for the median household, indicating reasonable affordability at the state level.
- 3Wyoming has no state income tax, which means renters keep more of their paycheck, effectively improving rent affordability compared to states with income taxes.
- 4Beyond rent, budget for utilities ($100-$300/month), renters insurance ($15-$30/month), and any parking or pet fees. These can add 10-20% on top of your base rent in Wyoming.
- 5If you are spending more than 30% of income on rent in Wyoming, look into housing assistance programs such as Section 8 vouchers, state-funded rental assistance, or employer housing benefits.