Home Affordability Calculator in Wyoming

In Wyoming, the median home costs $484K and the median household income is $76K/year. Find out how much house you can afford based on your income, debts, and down payment. Formula shown, sources cited — no account required.

At a median home price of $484,000 against a median household income of $75,532, Wyoming's price-to-income ratio sits near 6.4x — a demanding stretch that reflects the state's rising popularity with out-of-state buyers more than its local wage base. A 10% down payment requires $48,400 in cash before closing, plus 1.5% in closing costs, another $7,260. The saving grace on the monthly payment side is the 0.61% property tax rate, adding only about $246 per month on a median home — far below what buyers face in Texas or Wisconsin at lower price points. The WCDA Amortizing Down Payment program can help eligible buyers reduce the cash required upfront, and the Spruce Up Program offers options for buyers purchasing properties that need work. Inventory in Wyoming's most popular areas — Jackson Hole, Sheridan, and Cheyenne suburbs — runs tight, with cash buyers from out of state adding competitive pressure. Use a home affordability calculator to identify the income level required to comfortably service a Wyoming median mortgage at current rates.

$484K

Median Home Price

$76K/yr

Median Income

10%

Avg Down Payment

94.6 / 100

Cost of Living

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How Much House Can You Afford in Wyoming?

Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With Wyoming's median income of $75,532/year ($6,294/month), that means a maximum housing payment of roughly $1,762/month.

At 6.51% over 30 years with a 10% down payment ($48,400), that monthly budget supports a purchase price of approximately $459,800–$484,000. The median home price in Wyoming is $484,000, which means housing is more affordable than the national average.

Questions You Might Ask — Home Affordability in Wyoming

How much house can I afford in Wyoming?

With the median household income of $75,532 in Wyoming, the 28% housing rule allows a maximum monthly payment of $1,762. At 6.51% over 30 years with 10% down, that supports a purchase price of roughly $327K. The median home in Wyoming is $484K.

What is the median home price in Wyoming?

The median home price in Wyoming is $484,000 (2026). Prices vary significantly by metro — urban areas typically run 20–50% above the state median, while rural areas may be well below. The cost of living index for Wyoming is 94.6 (100 = national average).

What income do I need to afford the median home in Wyoming?

To afford the $484K median home in Wyoming with a 10% down payment ($48,400) and 6.51% rate (30 years), you need a gross annual income of at least $85,532 — following the 28% rule. The state median household income is $75,532.

What debt-to-income ratio do lenders require in Wyoming?

Lenders in Wyoming (and nationwide) generally require a total DTI below 43% for conventional loans, with 36% preferred. FHA loans allow up to 50% DTI in some cases. This means your total monthly debt payments — mortgage, car loan, student loans, and credit cards — should not exceed 43% of your gross monthly income ($2,706 on the Wyoming median income).

How does Wyoming's cost of living affect home affordability?

Wyoming has a cost of living index of 94.6 (100 = national average). Wyoming's cost of living is near the national average, so total housing affordability is similar to most other states.

Data Sources & Methodology

Median home prices from the National Association of Realtors (NAR). Median household income from U.S. Census Bureau ACS. Mortgage rates from Freddie Mac PMMS. Affordability calculations use the 28/36 DTI rule per Fannie Mae guidelines. Last updated 2026.