Cost of Living in Albany County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Albany County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Albany County, Wyoming
Albany's Housing Costs Outpace Income
Albany County renters spend 18.8% of their income on rent, well above the national norm of roughly 13–15%. While the county's median household income of $59,881 trails the national median of $74,755, housing expenses consume a larger share of household budgets here than they do across America.
Least Affordable in Wyoming
Among Wyoming counties, Albany ranks as one of the least affordable for renters, with a 18.8% rent-to-income ratio versus the state average of 15.5%. This gap reflects both lower median incomes and rental costs that stay relatively high despite the county's smaller population.
Carbon and Fremont Offer Relief
Albany's $936 monthly rent exceeds nearby Carbon County ($894) and Fremont County ($858), making those neighbors more forgiving for renters on a budget. By contrast, homeownership costs in Albany ($1,279/month) are steeper than in Carbon ($812) and Fremont ($827), suggesting Albany appeals more to renters than buyers.
Nearly One-Fifth Goes to Rent
Renters in Albany County allocate $936 monthly to housing, while homeowners pay $1,279—together demonstrating why housing consumes 18.8% of the typical household budget. Median incomes of $59,881 annually leave limited room for other expenses when housing claims nearly one-fifth of earnings.
Consider Your Housing Style Here
If you're relocating to Albany, weigh renting versus buying carefully: renters face tighter margins, but homebuyers should budget for above-average owner costs. Comparing Albany's affordability to nearby Carbon and Fremont counties could reveal savings opportunities just a short drive away.
Affordability Calculator
See how your income compares to housing costs in Albany County
Rent Burden
18.8%
of gross income
Max Housing (28% Rule)
$1,397
per month
Owner Cost Burden
25.6%
of gross income
The median home in Albany County may be a stretch
Median home value is $322,100. Estimated monthly cost: $2,571 vs. your max of $1,397.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.