Cost of Living in Washakie County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Washakie County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Washakie County ranks #287 of 3,144 counties for affordability (top 9%)
Data Story
About Cost of Living in Washakie County, Wyoming
Washakie offers rock-bottom rents nationwide
At 13.9% of household income, Washakie County ranks among America's most affordable housing markets, with median rent just $725 per month. This exceptional value reflects the county's rural character and modest income levels ($62,648 median household income).
Washakie beats Wyoming's affordability benchmark
Washakie's 13.9% rent-to-income ratio undercuts Wyoming's 15.5% average by 1.6 percentage points. The county offers genuine accessibility despite the lowest median household income in this county comparison.
Washakie's rents lead the region in value
At $725 per month, Washakie's median rent ties or beats every neighboring county, undercutting Uinta ($882) and Sweetwater ($913). This exceptional affordability makes Washakie attractive to budget-conscious relocators.
Washakie delivers unmatched rental affordability
On a $62,648 median household income, Washakie residents pay just $725 monthly rent—13.9% of earnings. Homeowners invest $740 monthly, representing only 14.2% of income, making both renting and ownership exceptionally accessible.
Washakie is Wyoming's affordability champion
If minimizing housing costs is your priority, Washakie County delivers unbeatable value at $725 median rent. Trade mountain amenities for genuine economic relief—this county proves that Wyoming offers affordable options for those willing to embrace rural living.
Cost of Living Advisory: Washakie County
Affordability Verdict
Housing in Washakie County is affordable. The median rent is $725/month against a median household income of $62,648, putting rent at 13.9% of income.
Rent vs. Own
Renters in Washakie County pay $725/month on average, compared to $740/month for homeowners. This market favors renters by about 2%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,000/year. For owner costs at the 28% rule, the required income is roughly $31,714/year. With a median household income of $62,648, most households can comfortably afford rent here. Notably, 22.0% of renter households in Washakie County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Washakie County sits 16% less expensive than Fremont County ($858/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Washakie County
Rent Burden
13.9%
of gross income
Max Housing (28% Rule)
$1,462
per month
Owner Cost Burden
14.2%
of gross income
The median home in Washakie County may be a stretch
Median home value is $188,600. Estimated monthly cost: $1,506 vs. your max of $1,462.
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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