Cost of Living in Cheyenne County, Colorado

$862/mo

Median Monthly Rent

$187,100

Median Home Value

31% below state averageUnaffordable

At a Glance

Median Monthly Rent

$862/mo

31% below state average

Median Home Value

$187,100

34% below national

Rent-to-Income Ratio

20.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Cheyenne County Compares

Median monthly rent comparison

Cheyenne County$862/mo

Colorado Average$1,253/mo

National Median$1,163/mo

Detailed Housing Stats

$862/mo

Median Gross Rent

$187,100

Median Home Value

$643/mo

Monthly Owner Cost

20.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Cheyenne County, Colorado

Cheyenne offers rare housing affordability

Cheyenne County's rent-to-income ratio of 15.3% is well below the national average, making it one of Colorado's most affordable rental markets. Renters here spend less than one-sixth of their income on rent, significantly better than typical American households.

Colorado's most affordable county by far

Cheyenne ranks among Colorado's most affordable counties, with a 15.3% rent-to-income ratio beating the state average of 20.2% by 5 percentage points. The median rent of $862 is the lowest among these eight counties and $391 below Colorado's median.

Eastern Colorado's bargain housing market

Cheyenne's $862 median rent is the cheapest in this region, undercutting Conejos County by $138 and Costilla County by $5. This rural eastern county offers unmatched affordability for those willing to embrace a less urban lifestyle.

Just 15% of income goes to rent

On a median household income of $67,768, Cheyenne renters spend only $862 monthly—15.3% of earnings, leaving substantial room for savings and other expenses. Homeowners fare even better, dedicating just 11.4% of income to monthly ownership costs.

Relocating to Cheyenne? You'll save.

This eastern county offers unbeatable housing affordability for remote workers and retirees seeking lower cost of living without Colorado's mountain-town price tags. Median home values of $187,100 make ownership realistic for middle-income households.

Affordability Calculator

See how your income compares to housing costs in Cheyenne County

Your Annual Household Income

Rent Burden

15.3%

of gross income

Max Housing (28% Rule)

$1,581

per month

Owner Cost Burden

11.4%

of gross income

You can likely afford the median home in Cheyenne County

Median home value is $187,100. Estimated monthly cost: $1,494 vs. your max of $1,581.

Rent Affordability Guide

Your rent-to-income ratio15.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Cheyenne County, Colorado?

Cheyenne County, Colorado has a median monthly rent of $862/mo and a median home value of $187,100. The affordability rating is Unaffordable, with rent making up approximately 20.0% of median household income.

What is the median rent in Cheyenne County?

The median gross rent in Cheyenne County is $862/mo. This is 31% below state average for Colorado.

Is Cheyenne County affordable?

Cheyenne County is rated Unaffordable based on rent-to-income ratio of 20.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Cheyenne County's rent compare to the state average?

Cheyenne County's median rent of $862/mo is 31% below state average of $1,253/mo for Colorado.

What is the median home value in Cheyenne County?

The median home value in Cheyenne County, Colorado is $187,100. This is 34% below the national median home value of $281,900.