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)
How Platte County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Platte County ranks #209 of 3,144 counties for affordability (top 7%)
Data Story
About Cost of Living in Platte County, Wyoming
Platte County: Affordable by Any Measure
Platte County's rent-to-income ratio of 13.5% ranks among America's most affordable housing markets, well below the national benchmark, with median household income of $66,299 approaching the national average of $74,755. This county demonstrates that Wyoming's smaller markets can deliver genuine affordability without sacrificing economic viability.
Wyoming's Second-Most Affordable
Platte County's 13.5% rent-to-income ratio ranks second-best in Wyoming, trailing only Lincoln County's exceptional 12.1%. Among the eight surveyed counties, Platte represents one of the state's strongest affordability stories, with rents and incomes in genuine balance.
Lowest Rents in the Survey
Platte County's median rent of $745/month stands as the lowest in the entire survey, running 20% below the state average, while median home values of $248,900 sit squarely in the affordable band. This rare combination of low rents and reasonable home prices makes Platte an outlier opportunity.
Platte County's Exceptional Value
Renters pay just $745 monthly while homeowners invest $834—both among the survey's lowest costs—and median household income of $66,299 means families allocate only 13.5% to rent. This leaves Platte County households with over 86% of income available for savings, emergencies, and quality-of-life investments.
Platte County: Hidden Gem for Affordability
If you're relocating for cost of living and don't require metro amenities, Platte County delivers Wyoming's second-best rent-to-income ratio (13.5%) and the lowest rents statewide at $745/month. Compare Platte to Lincoln if both offer job prospects; either choice positions you in the state's genuine affordability tier.
Cost of Living Advisory: Platte County
Affordability Verdict
Platte County offers affordable rental housing at a median of $745/month — about 13.5% of the typical household income here.
Rent vs. Own
At $745/month rent versus $834/month in owner costs, renting is roughly $89/month cheaper — a 11% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,800/year. For owner costs at the 28% rule, the required income is roughly $35,743/year. With a median household income of $66,299, most households can comfortably afford rent here. Notably, 21.0% of renter households in Platte County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Wyoming, Platte County is more affordable than Weston County by roughly 7% ($745/mo vs $694/mo).
Affordability Calculator
See how your income compares to housing costs in Platte County
Rent Burden
13.5%
of gross income
Max Housing (28% Rule)
$1,547
per month
Owner Cost Burden
15.1%
of gross income
The median home in Platte County may be a stretch
Median home value is $248,900. Estimated monthly cost: $1,987 vs. your max of $1,547.
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 Platte County, Wyoming?
What is the median rent in Platte County?
Is Platte County affordable?
How does Platte County's rent compare to the state average?
What is the median home value in Platte County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Platte County, Wyoming? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Platte 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.