Cheyenne, WY at a glance
Median household income
$78,839$6,570 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Cheyenne, WY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Cheyenne, WY? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Cheyenne, WY MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $809 | $9,708 | $32,360 | 12.3% |
| 1-Bedroom Apartment | $917 | $11,004 | $36,680 | 14% |
| 2-Bedroom ApartmentBenchmark | $1,174 | $14,088 | $46,960 | 17.9% |
| 3-Bedroom Home | $1,633 | $19,596 | $65,320 | 24.9% |
| 4-Bedroom Home | $1,969 | $23,628 | $78,760 | 30% |
What a typical income covers in Cheyenne, WY
The 50/30/20 rule applied to the local median of $78,839 a year ($6,570 a month before tax).
What $78,839 leaves after Wyoming taxes
Federal income tax, Social Security, Medicare and Wyoming tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Wyoming
Living in Cheyenne, WY: common questions
What is the median household income in Cheyenne, WY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cheyenne, WY is $78,839 per year (approximately $6,570 per month).
What is the average rent in Cheyenne, WY?
The closest official figure is HUD's Fair Market Rent for 2026: $809 for a studio, $917 for one bedroom, $1,174 for two, $1,633 for three and $1,969 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, WY expensive to live in?
Prices there run 3.5% below the U.S. average. BEA's regional price parity for the metro area is 96.5, 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, WY?
To keep a $1,174 two-bedroom under 30% of gross income, a household needs about $46,960 a year, or $3,913 a month. That is 60% of what the typical household in Cheyenne, WY earns.
How much do you need to live comfortably in Cheyenne, WY?
On the local median income of $78,839 ($6,570 a month before tax), the 50/30/20 rule leaves $3,285 a month for needs like rent, utilities and groceries, $1,971 for everything else and $1,314 for savings or debt. A two-bedroom at $1,174 takes 36% of the needs share.
How much is the electric bill in Cheyenne, 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.