Safe Rate Local

Cost of Living in Cheyenne

Is it better to rent or buy in Cheyenne? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Cheyenne Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$83,663
$1,260/mo

Median in area: $1,260

$341,680

Median in area: $341,680

$68,336

If you Rent

🔑
$1,555 /mo
Base Rent$1,260
Est. Utilities$295
% of Income22.3%
Pre-tax Residual$5,417

If you Buy

🏠
$2,355 /mo
P&I (6.5%)$1,728
Taxes & Ins$332
Est. Utilities$295
% of Income33.8%
Pre-tax Residual$4,617

Cost of Living FAQs

Is it cheaper to rent or buy in Cheyenne?›

Based on median housing data, renting is currently more affordable on a monthly basis in Cheyenne. The estimated all-in monthly cost for renting is $1,555, while owning a median-priced home with a 20% down payment is roughly $2,355 per month (a difference of $800).

How much do utilities cost in Cheyenne?›

The average monthly utility cost (electricity and natural gas) for a typical home in Cheyenne is approximately $295. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Cheyenne?›

To comfortably afford the median rent and utilities in Cheyenne without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $62,200 per year.