Wyoming · Census, HUD and BEA figures · Updated

Cost of Living in Casper, WY

Prices around Casper, WY run 6.2% below the U.S. average (BEA, the metro area). The typical household there earns $70,218 a year, and HUD puts a two-bedroom at $1,082 a month. Keeping that rent under 30% of income takes about $43,280 a year.

Casper, WY at a glance

Median household income

$70,218$5,852 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,082HUD FY2026 Fair Market Rent
Price level (U.S. = 100)93.8-6.2% · BEA, the metro area
Electricity15.2¢per kWh · EIA Residential WY
Population58,839Census ACS 5-year estimate

How much rent can you afford in Casper, WY?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,082Monthly market rent
Share of gross income18.5%Recommended max: 30%
Annual income needed$43,280To meet the 30% standard
Max affordable rent$1,755At 30% of $70,218
0%30% (Affordability standard)100%
Compare against:

How much is rent in Casper, WY? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Casper, WY MSA, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Casper, WY, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$767$9,204$30,68013.1%
1-Bedroom Apartment$852$10,224$34,08014.6%
2-Bedroom ApartmentBenchmark$1,082$12,984$43,28018.5%
3-Bedroom Home$1,505$18,060$60,20025.7%
4-Bedroom Home$1,815$21,780$72,60031%

Rent in Casper, WY, with the wage each unit needs →

What a typical income covers in Casper, WY

The 50/30/20 rule applied to the local median of $70,218 a year ($5,852 a month before tax).

Needs (50%)$2,926/moRent ($1,082 2-BR), utilities (~$137/mo), groceries, transit
Wants (30%)$1,755/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,170/moEmergency fund, retirement, paying down loans

What $70,218 leaves after Wyoming taxes

Federal income tax, Social Security, Medicare and Wyoming tax on the local median income. Change the salary to see yours.

$70,218
$25,000$145,000
Filing status:
Gross salary breakdown$70,218
Net 83%
Fed 9%
FICA 8%
Annual take-home$58,228After all taxes
Monthly deposit$4,852Estimated per month
Biweekly paycheck$2,240Every 2 weeks (26/yr)
Effective tax rate17.1%Total tax burden
Federal income tax$6,618 / yr
Wyoming state income taxNo state wage tax$0
FICA (Social Security & Medicare)$5,372 / yr

Living in Casper, WY: common questions

What is the median household income in Casper, WY?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Casper, WY is $70,218 per year (approximately $5,852 per month).

What is the average rent in Casper, WY?

The closest official figure is HUD's Fair Market Rent for 2026: $767 for a studio, $852 for one bedroom, $1,082 for two, $1,505 for three and $1,815 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Casper, WY expensive to live in?

Prices there run 6.2% below the U.S. average. BEA's regional price parity for the metro area is 93.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Casper, WY?

To keep a $1,082 two-bedroom under 30% of gross income, a household needs about $43,280 a year, or $3,607 a month. That is 62% of what the typical household in Casper, WY earns.

How much do you need to live comfortably in Casper, WY?

On the local median income of $70,218 ($5,852 a month before tax), the 50/30/20 rule leaves $2,926 a month for needs like rent, utilities and groceries, $1,755 for everything else and $1,170 for savings or debt. A two-bedroom at $1,082 takes 37% of the needs share.

How much is the electric bill in Casper, WY?

Homes in Wyoming paid 15.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $137. Your bill depends mostly on heating and cooling.