Colorado · Census, HUD and BEA figures · Updated

Cost of Living in Cheyenne County, CO

Prices around Cheyenne County, CO run 3.1% above the U.S. average (BEA, Colorado). The typical household there earns $70,865 a year, and HUD puts a two-bedroom at $1,044 a month. Keeping that rent under 30% of income takes about $41,760 a year.

Cheyenne County, CO at a glance

Median household income

$70,865$5,905 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,044HUD FY2026 Fair Market Rent
Price level (U.S. = 100)103.1+3.1% · BEA, Colorado
Electricity17.1¢per kWh · EIA Residential CO
Population1,741Census ACS 5-year estimate

How much rent can you afford in Cheyenne County, CO?

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$1,044Monthly market rent
Share of gross income17.7%Recommended max: 30%
Annual income needed$41,760To meet the 30% standard
Max affordable rent$1,772At 30% of $70,865
0%30% (Affordability standard)100%
Compare against:

How much is rent in Cheyenne County, CO? By bedroom, 2026

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

HUD Fair Market Rent in Cheyenne County, CO, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$790$9,480$31,60013.4%
1-Bedroom Apartment$796$9,552$31,84013.5%
2-Bedroom ApartmentBenchmark$1,044$12,528$41,76017.7%
3-Bedroom Home$1,343$16,116$53,72022.7%
4-Bedroom Home$1,637$19,644$65,48027.7%

Rent in Cheyenne County, CO, with the wage each unit needs →

What a typical income covers in Cheyenne County, CO

The 50/30/20 rule applied to the local median of $70,865 a year ($5,905 a month before tax).

Needs (50%)$2,953/moRent ($1,044 2-BR), utilities (~$154/mo), groceries, transit
Wants (30%)$1,772/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,181/moEmergency fund, retirement, paying down loans

What $70,865 leaves after Colorado taxes

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

$70,865
$25,000$145,000
Filing status:
Gross salary breakdown$70,865
Net 79%
Fed 10%
CO 3%
FICA 8%
Annual take-home$56,274After all taxes
Monthly deposit$4,689Estimated per month
Biweekly paycheck$2,164Every 2 weeks (26/yr)
Effective tax rate20.6%Total tax burden
Federal income tax$6,760 / yr
Colorado state income tax$2,410 / yr
FICA (Social Security & Medicare)$5,421 / yr

Living in Cheyenne County, CO: common questions

What is the median household income in Cheyenne County, CO?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cheyenne County, CO is $70,865 per year (approximately $5,905 per month).

What is the average rent in Cheyenne County, CO?

The closest official figure is HUD's Fair Market Rent for 2026: $790 for a studio, $796 for one bedroom, $1,044 for two, $1,343 for three and $1,637 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 Cheyenne County, CO expensive to live in?

Prices there run 3.1% above the U.S. average. BEA's regional price parity for Colorado is 103.1, 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 Cheyenne County, CO?

To keep a $1,044 two-bedroom under 30% of gross income, a household needs about $41,760 a year, or $3,480 a month. That is 59% of what the typical household in Cheyenne County, CO earns.

How much do you need to live comfortably in Cheyenne County, CO?

On the local median income of $70,865 ($5,905 a month before tax), the 50/30/20 rule leaves $2,953 a month for needs like rent, utilities and groceries, $1,772 for everything else and $1,181 for savings or debt. A two-bedroom at $1,044 takes 35% of the needs share.

How much is the electric bill in Cheyenne County, CO?

Homes in Colorado paid 17.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $154. Your bill depends mostly on heating and cooling.