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Cheyenne, WY vs Casper, WY
A 2-bedroom in Casper costs $92 less per month than Cheyenne ($1,082 vs $1,174). Median income is $77,884 in Cheyenne and $71,247 in Casper. That's a difference of $1,104 per year in housing costs.
Side-by-Side Comparison
| Metric | Cheyenne | Casper |
|---|---|---|
| Studio FMR | $809 | $767 |
| 1BR FMR | $917 | $852 |
| 2BR FMR | $1,174 | $1,082 |
| 3BR FMR | $1,633 | $1,505 |
| 4BR FMR | $1,969 | $1,815 |
| Median Income | $77,884 | $71,247 |
| Rent Burden | 18.1% | 18.2% |
| Actual Median Rent | $1,080 | $973 |
| Median Home Value | $324,900 | $260,400 |
| Population | 101K | 80K |
| Renter % | 29.2% | 26.4% |
| Vacancy Rate | 5.6% | 10.3% |
| Poverty Rate | 9.9% | 9.7% |
| YoY Change | +1.1% | +1.1% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Cheyenne, WY
Annual Income Needed
$46,960
Hourly Wage Needed
$23/hr
Min Wage Work Hours/Week
124.6 hrs
at $7.25/hr (WY min wage)
Casper, WY
Annual Income Needed
$43,280
Hourly Wage Needed
$21/hr
Min Wage Work Hours/Week
114.8 hrs
at $7.25/hr (WY min wage)
Frequently Asked Questions
Casper, WY is more affordable with a 2BR FMR of $1,082/mo, which is $92 less than Cheyenne at $1,174/mo. However, when considering local incomes, Cheyenne has a rent burden of 18.1% vs 18.2% in Casper.
A 2-bedroom in Cheyenne, WY costs $1,174/mo at Fair Market Rent, while in Casper, WY it's $1,082/mo, a difference of $92/mo or $1,104/year.
To afford a 2BR without spending more than 30% of income on rent: Cheyenne requires $46,960/year ($23/hr). Casper requires $43,280/year ($21/hr).
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