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
National Ranking
Affordability Rank
Albany County ranks #1,778 of 3,144 counties for affordability (bottom 43%)
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.
Cost of Living Advisory: Albany County
Affordability Verdict
Albany County offers affordable rental housing at a median of $936/month — about 18.8% of the typical household income here.
Rent vs. Own
Renters in Albany County pay $936/month on average, compared to $1,279/month for homeowners. This market favors renters by about 27%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,440/year. For owner costs at the 28% rule, the required income is roughly $54,814/year. With a median household income of $59,881, most households can comfortably afford rent here. Notably, 32.0% of renter households in Albany County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Wyoming, Albany County is more affordable than Uinta County by roughly 6% ($936/mo vs $882/mo).
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
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.
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