Cost of Living in Park County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Park County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Park County ranks #794 of 3,144 counties for affordability (top 25%)
Data Story
About Cost of Living in Park County, Wyoming
Park County: Just Below National Comfort
Park County's rent-to-income ratio of 15.9% sits well within national affordability norms, with median household income of $70,533 hovering just below the national average of $74,755. Renters here experience moderate housing cost pressure aligned with typical American household experiences.
Slightly Better Than Wyoming Average
Park County's 15.9% rent-to-income ratio ranks just below Wyoming's state average of 15.5%, making it one of the state's better housing markets. Among the eight surveyed counties, Park offers solid middle-tier affordability with reasonable wage support.
Premium Homes, Reasonable Rents
Park County's median rent of $933/month runs nearly in line with the state average, yet median home values of $374,200 rank highest in the entire survey—reflecting its appeal as a recreation and tourism hub anchored by Cody. This home-value premium reflects amenity demand that doesn't fully extend to rental markets.
Park County's Ownership Price Tag
Renters dedicate $933 monthly while homeowners pay $1,078—a manageable $145 monthly premium for ownership in a county where median household income reaches $70,533. The 15.9% rent-to-income ratio reveals a market where renting offers surprising affordability, yet home values suggest strong investment appreciation.
Park County: Recreation and Reasonable Rents
Park County pairs reasonable rental affordability (15.9% rent-to-income ratio) with Wyoming's highest home values, attracting buyers seeking amenity-rich living and appreciation potential. If you're considering Park for lifestyle and long-term wealth building, the numbers support both renting initially and ownership investment.
Cost of Living Advisory: Park County
Affordability Verdict
Park County offers affordable rental housing at a median of $933/month — about 15.9% of the typical household income here.
Rent vs. Own
The median rent in Park County is $933/month, while owner costs run $1,078/month. Renting saves approximately $145/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,320/year. For owner costs at the 28% rule, the required income is roughly $46,200/year. With a median household income of $70,533, most households can comfortably afford rent here. Notably, 26.0% of renter households in Park County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Park County sits 6% more expensive than Uinta County ($882/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Park County
Rent Burden
15.9%
of gross income
Max Housing (28% Rule)
$1,646
per month
Owner Cost Burden
18.3%
of gross income
The median home in Park County may be a stretch
Median home value is $374,200. Estimated monthly cost: $2,987 vs. your max of $1,646.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Park County, Wyoming?
What is the median rent in Park County?
Is Park County affordable?
How does Park County's rent compare to the state average?
What is the median home value in Park County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Park County, Wyoming? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Park County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.