States › Wyoming › Cheyenne

Is Cheyenne, WY expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,28527% lower than U.S. average
💵 Families earn per year (2026)$85,028about $7,086/month · 2% lower than U.S. average
🔑 House price$333,700same as U.S. average

Cheyenne is the largest city in Wyoming that we track, with 65,239 residents. Rent is lower than in 70% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are short, about 16 minutes.

How much money do I need?

To rent here comfortably, you should earn about $51,400 a year. That is $25 an hour at a full-time job.

Is rent cheaper than other Wyoming cities?

No. Rent here is more expensive than in most of Wyoming. It is number 14 of 17 cities from cheapest to most expensive.

Cheyenne
$1,285
$1,260
$1,096
$1,095
$1,086
$1,247

How much do households earn in Cheyenne?

Under $25k
12.2%
$25k–50k
20.8%
$50k–100k
36.3%
$100k–150k
19.9%
$150k+
6.4%

Share of households by yearly income. 26.3% of households earn $100,000 or more.

Rent by apartment size in Cheyenne

SizeCheyenneU.S. average
Studio$820$1,338
1 bedroom$968$1,324
2 bedrooms$1,193$1,509
3 bedrooms$1,553$1,698
4 bedrooms$2,247$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Cheyenne overall?

Everyday prices in the Cheyenne metro area are 4% below the U.S. average (index 96.5, U.S. = 100).

Housing
90
Goods (food, clothes…)
95
Utilities
78
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Cheyenne

🏛️ Property tax$1,946a year · 0.58% of home value · U.S. $3,119
⚡ Electric bill$162a month (typical) · U.S. $156

Life in Cheyenne

Commute to work16 minU.S.: 26.4 min
College degree33.6%U.S.: 35.7%
Own their home67.1%U.S.: 65.2%
Below poverty line8.7%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

What jobs pay in Cheyenne

JobMedian payRent / pay
Pharmacist$139,90011.0%
Nurse Practitioner$134,89011.4%
Physician Assistant$127,79012.1%
Software Developer$121,99012.6%
Lawyer$98,59015.6%
Operations Manager$97,98015.7%
Registered Nurse$94,54016.3%
Computer Systems Analyst$89,48017.2%
Civil Engineer$88,79017.4%
Dental Hygienist$85,22018.1%
Electrician$74,59020.7%
Accountant$74,05020.8%
Licensed Practical Nurse$64,80023.8%
Market Research Analyst$63,59024.2%
Truck Driver$63,54024.3%
Plumber$61,47025.1%
Elementary School Teacher$61,15025.2%
HVAC Technician$57,82026.7%
Carpenter$56,16027.5%
Nursing Assistant$46,32033.3%
Medical Assistant$44,70034.5%
Customer Service Representative$44,07035.0%
Warehouse Worker$37,26041.4%
Restaurant Cook$35,30043.7%
Retail Salesperson$34,07045.3%
Cashier$33,89045.5%
Server (Waiter/Waitress)$26,79057.6%

Is it cheaper to rent or buy in Cheyenne?

Renting is cheaper right now: about $1,030 a month less.

Renting
$1,285
Owning
$2,315

Owning assumes a typical $333,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,370 for the down payment.

Frequently asked questions

What is the average rent in Cheyenne, WY?

Renting in Cheyenne costs a median of about $1,285 a month in 2026, including utilities. The Wyoming median is $1,086.

How much do I need to make to live in Cheyenne?

To keep rent under 30% of income, you need about $51,400 a year, or $25 an hour at a full-time job.

Is Cheyenne cheap or expensive?

Cheyenne is rated Cheap: rent takes 18.1% of the typical household income of $85,028. It ranks 14th cheapest of 17 Wyoming cities we track.

How much are property taxes in Cheyenne?

The median homeowner in Cheyenne pays $1,946 a year in property taxes, about 0.58% of the median home value.

Is Cheyenne more expensive than the national average?

Overall prices in the metro area are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cheyenne?

The median home value in Cheyenne is $333,700, about 3.9 times the typical yearly household income.

65,239 people live in Cheyenne. Numbers are typical (middle) values.