Key Economic Benchmarks
Median Household Income
$70,218$5,852 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Casper, WY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Casper, WY
Official FY2026 HUD Fair Market Rents for Casper, WY MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $767 | $9,204 | $30,680 | 13.1% |
| 1-Bedroom Apartment | $852 | $10,224 | $34,080 | 14.6% |
| 2-Bedroom ApartmentBenchmark | $1,082 | $12,984 | $43,280 | 18.5% |
| 3-Bedroom Home | $1,505 | $18,060 | $60,200 | 25.7% |
| 4-Bedroom Home | $1,815 | $21,780 | $72,600 | 31% |
50/30/20 Living Budget in Casper, WY
Based on the local median household income of $70,218/year ($5,852/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Wyoming
Explore net income after federal income tax, FICA, and Wyoming state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Wyoming with official federal datasets:
Frequently Asked Questions About Living in Casper, WY
What is the median household income in Casper, WY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Casper, WY is $70,218 per year (approximately $5,852 per month).
What is the average rent in Casper, WY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Casper, WY are $767 for a studio, $852 for 1 bedroom, $1,082 for 2 bedrooms, $1,505 for 3 bedrooms, and $1,815 for 4 bedrooms.
How does the cost of living in Casper, WY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Casper, WY is 93.8 (6.2% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Casper, WY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,082/month) in Casper, WY requires a minimum gross household income of $43,280 per year ($3,607 per month).
What is a balanced 50/30/20 monthly budget in Casper, WY?
For a typical household earning the median income of $70,218/year ($5,852/month) in Casper, WY, a balanced 50/30/20 budget allocates $2,926/month to essential needs (rent, utilities, groceries), $1,755/month to discretionary spending, and $1,170/month to savings and debt repayment.
What are typical electricity and utility costs in Casper, WY?
Residential electricity rates in Wyoming average 15.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $137 per month.