Key Economic Benchmarks
Median Household Income
$81,558$6,797 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Converse County, WY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Converse County, WY
Official FY2026 HUD Fair Market Rents for Converse County, WY. 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 | $777 | $9,324 | $31,080 | 11.4% |
| 1-Bedroom Apartment | $782 | $9,384 | $31,280 | 11.5% |
| 2-Bedroom ApartmentBenchmark | $1,026 | $12,312 | $41,040 | 15.1% |
| 3-Bedroom Home | $1,412 | $16,944 | $56,480 | 20.8% |
| 4-Bedroom Home | $1,695 | $20,340 | $67,800 | 24.9% |
50/30/20 Living Budget in Converse County, WY
Based on the local median household income of $81,558/year ($6,797/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 Converse County, WY
What is the median household income in Converse County, WY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Converse County, WY is $81,558 per year (approximately $6,797 per month).
What is the average rent in Converse County, WY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Converse County, WY are $777 for a studio, $782 for 1 bedroom, $1,026 for 2 bedrooms, $1,412 for 3 bedrooms, and $1,695 for 4 bedrooms.
How does the cost of living in Converse County, WY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Converse County, WY is 92.7 (7.3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Converse County, WY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,026/month) in Converse County, WY requires a minimum gross household income of $41,040 per year ($3,420 per month).
What is a balanced 50/30/20 monthly budget in Converse County, WY?
For a typical household earning the median income of $81,558/year ($6,797/month) in Converse County, WY, a balanced 50/30/20 budget allocates $3,398/month to essential needs (rent, utilities, groceries), $2,039/month to discretionary spending, and $1,359/month to savings and debt repayment.
What are typical electricity and utility costs in Converse County, 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.