Cost of Living in Washakie County, Wyoming

$725/mo

Median Monthly Rent

$188,600

Median Home Value

23% below state averageUnaffordable

At a Glance

Median Monthly Rent

$725/mo

23% below state average

Median Home Value

$188,600

33% below national

Rent-to-Income Ratio

22.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Washakie County Compares

Median monthly rent comparison

Washakie County$725/mo

Wyoming Average$937/mo

National Median$1,163/mo

Detailed Housing Stats

$725/mo

Median Gross Rent

$188,600

Median Home Value

$740/mo

Monthly Owner Cost

22.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Washakie County

Your Annual Household Income

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

Your rent-to-income ratio13.9%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Washakie County, Wyoming?

Washakie County, Wyoming has a median monthly rent of $725/mo and a median home value of $188,600. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.

What is the median rent in Washakie County?

The median gross rent in Washakie County is $725/mo. This is 23% below state average for Wyoming.

Is Washakie County affordable?

Washakie County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Washakie County's rent compare to the state average?

Washakie County's median rent of $725/mo is 23% below state average of $937/mo for Wyoming.

What is the median home value in Washakie County?

The median home value in Washakie County, Wyoming is $188,600. This is 33% below the national median home value of $281,900.