Cost of Living in Big Horn County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Big Horn County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Big Horn County ranks #401 of 3,144 counties for affordability (top 13%)
Data Story
About Cost of Living in Big Horn County, Wyoming
Big Horn Beats National Rent Burden
Big Horn County renters spend just 17.4% of income on rent, outperforming the national average of roughly 13–15%, though still above comfortable thresholds. The county's median income of $60,547 is modestly below the national median of $74,755, yet housing costs remain relatively manageable.
Slightly Above State Average
Big Horn's 17.4% rent-to-income ratio sits 1.9 percentage points above Wyoming's state average of 15.5%, positioning it in the middle tier of county affordability. Rents average $876 monthly—virtually identical to the state median of $937—making Big Horn a fairly typical Wyoming rental market.
Competitive with Regional Peers
Big Horn's $876 rent is lower than Albany County ($936) and Campbell County ($952), but slightly above Carbon ($894) and Fremont ($858). Home prices here ($198,200) are notably affordable compared to neighbors, offering some of Wyoming's lowest homeownership entry points.
Renting and Owning Both Affordable
Big Horn residents allocate $876 monthly to rent or $750 to ownership—making this county attractive for both tenant and buyer profiles. With median income at $60,547, housing costs claim about 17% of renter budgets and 15% of owner budgets, leaving room for other household needs.
Homebuyer Haven in Wyoming
Big Horn County offers exceptional value for buyers: the $198,200 median home price is the lowest among these eight counties, paired with modest ownership costs of $750/month. For renters, costs remain slightly elevated, but the county's low home values make the jump to ownership less daunting than elsewhere in the state.
Cost of Living Advisory: Big Horn County
Affordability Verdict
For renters in Big Horn County, the market is affordable. Expect to pay around $876/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Big Horn County is $876/month, while owner costs run $750/month. Owning saves approximately $126/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,040/year. For owner costs at the 28% rule, the required income is roughly $32,143/year. With a median household income of $60,547, most households can comfortably afford rent here. Notably, 23.0% of renter households in Big Horn County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Converse County where rent averages $930/month, Big Horn County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Big Horn County
Rent Burden
17.4%
of gross income
Max Housing (28% Rule)
$1,413
per month
Owner Cost Burden
14.9%
of gross income
The median home in Big Horn County may be a stretch
Median home value is $198,200. Estimated monthly cost: $1,582 vs. your max of $1,413.
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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