Cost of Living in Platte County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Platte County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Platte County ranks #1,315 of 3,142 counties for affordability (top 42%)
Sourced county brief
Platte County Median Gross Rent Estimated at $781 Monthly
The median gross rent in Platte County was $781 per month, which is $160 below the state unweighted county mean of $941. According to official ACS table B25071, the median gross rent as a percentage of household income (GRAPI) was 19.9%. This official GRAPI is 5.1 percentage points lower than the Wyoming unweighted county mean of 25.0%. Median selected monthly owner costs were $880, compared to the state unweighted county mean of $1,036. The median value of owner-occupied housing units was $297,900, while the Wyoming unweighted county mean was $346,991. The median income for renter households was recorded at $38,698. These figures are snapshots from the 2020-2024 American Community Survey. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Platte County
Affordability Verdict
ACS B25071 estimates median gross rent at 19.9% of renter household income in Platte County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $781 per month; median selected monthly owner costs are $880. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,240 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Wyoming unweighted mean of county median rents is $941 per month. Platte County's $781 median is 17.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Platte County
Rent Burden
13.8%
of gross income
Max Housing (28% Rule)
$1,580
per month
Owner Cost Burden
15.6%
of gross income
The median home in Platte County may be a stretch
Median home value is $297,900. Estimated monthly cost: $2,378 vs. your max of $1,580.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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