Cost of Living in Converse County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Converse County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Converse County ranks #700 of 3,144 counties for affordability (top 22%)
Data Story
About Cost of Living in Converse County, Wyoming
Converse Above National Affordability
Converse County renters spend 14.1% of income on rent, landing below the national average of roughly 13–15% and indicating strong affordability. With a median household income of $79,164—6% above the national median of $74,755—Converse residents have meaningful income cushion to manage housing costs.
Better Than Most Wyoming Counties
Converse's 14.1% rent-to-income ratio sits 1.4 percentage points below Wyoming's state average of 15.5%, ranking it among the more affordable counties statewide. Higher median income relative to peers ensures that rent doesn't squeeze household budgets as severely.
Competitive with Strong Income Backdrop
Converse's $930 rent is slightly higher than Big Horn ($876) and Carbon ($894), but lower than Albany ($936) and Campbell ($952). Income of $79,164 exceeds all neighbors except Campbell, providing more breathing room in household finances.
Rents and Ownership Both Reasonable
Converse renters spend $930 monthly on housing, claiming 14.1% of the $79,164 median income, while homeowners allocate $876 (13.3% of income). The modest gap between tenure types and relatively low burden ratio suggest households can comfortably afford to live here across both categories.
Solid Middle Ground for Relocators
Converse County strikes a balance: rents are moderate, ownership costs are competitive, and median incomes top most Wyoming counties at $79,164. Whether you're renting or buying, housing costs remain manageable relative to earnings, making this county a smart choice for families seeking stability.
Cost of Living Advisory: Converse County
Affordability Verdict
For renters in Converse County, the market is affordable. Expect to pay around $930/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Converse County pay $930/month on average, compared to $876/month for homeowners. This market favors buyers by about 6%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,200/year. For owner costs at the 28% rule, the required income is roughly $37,543/year. With a median household income of $79,164, most households can comfortably afford rent here. Notably, 27.0% of renter households in Converse County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Wyoming, Converse County is more affordable than Big Horn County by roughly 6% ($930/mo vs $876/mo).
Affordability Calculator
See how your income compares to housing costs in Converse County
Rent Burden
14.1%
of gross income
Max Housing (28% Rule)
$1,847
per month
Owner Cost Burden
13.3%
of gross income
The median home in Converse County may be a stretch
Median home value is $269,700. Estimated monthly cost: $2,153 vs. your max of $1,847.
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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