Department of Numbers

Wyoming Residential Rent and Rental Statistics

The median monthly gross residential rent in Wyoming was $815 in 2015 according to the Census ACS survey.1 Average gross rent was $802 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Wyoming median and average rent data will be released in September of 2017.

Data is also available below for Wyoming rental vacancy rates, Wyoming rent as a percent of median income and the fraction of renters in Wyoming.

Show dollars as: Nominal Real

Real Gross Rent in Wyoming (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Wyoming Median Gross Rent $815 +3.43% +9.54%

Wyoming Real Gross Rent Trends

At $815, real median gross rent in Wyoming was at its highest level in 2015 since the series began in 2005. At $802, real average gross rent in Wyoming was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Wyoming: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wyoming

Date US Median Wyoming Median Wyoming Average
2015 $959 $815 $802
2014 $930 $788 $789
2013 $898 $774 $764
2012 $886 $744 $739
2011 $887 $773 $765
2010 $901 $730 $687
2009 $905 $752 $726
2008 $920 $710 $681
2007 $874 $704 $689
2006 $883 $696 $664
2005 $858 $633 $636

Wyoming Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Wyoming was 9.97% according to Census ACS data.

Rental Vacancy Rate in Wyoming

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Wyoming 9.97% +3.05% +1.84%

Trends in Wyoming Rental Vacancy Rate

At 9.97%, Wyoming residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Wyoming, US

Rental vacancy rate in Wyoming

Historical Rental Vacancy Rate data for Wyoming

Date US Wyoming
2015 5.85% 9.97%
2014 6.32% 6.92%
2013 6.49% 8.15%
2012 6.77% 8.13%
2011 7.40% 9.05%
2010 8.17% 6.36%
2009 8.43% 7.03%
2008 7.86% 8.05%
2007 7.87% 5.25%
2006 7.70% 6.09%
2005 7.74% 3.87%

Wyoming Rent as a Fraction of Income

Using median household income data for Wyoming, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wyoming, median monthly gross rent as a fraction of median household income was 16.24% in 2015 according to the ACS.

Wyoming Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Wyoming 16.24% -0.42% +0.02%

Trends in Wyoming Rent as a Fraction of Income

The fraction of median Wyoming household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 16.66%. Since then it has fallen by 0.42% to 16.24%.

Fraction of Income towards Rent: Wyoming, US

Percent of median household income going towards median monthly gross rent in Wyoming

Historical Data for Annual Rent as a Fraction of Income in Wyoming

Date US Wyoming
2015 20.63% 16.24%
2014 20.89% 16.66%
2013 20.78% 15.93%
2012 20.65% 16.22%
2011 20.70% 16.17%
2010 20.50% 15.54%
2009 20.12% 15.95%
2008 19.00% 14.34%
2007 18.66% 14.75%
2006 18.90% 15.21%
2005 18.89% 13.95%

Renter Fraction in Wyoming

You can calculate the renter fraction in Wyoming in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Wyoming as a fraction of total Wyoming households. In 2015 32.04% of households were renters according to Census ACS data.

Wyoming Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Wyoming 32.04% -1.06% +1.09%

Trends in the Wyoming Renter Fraction

The Wyoming household renter fraction peaked in in 2014 at 33.10% and is now 1.06% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Wyoming, US

Fraction of renters in Wyoming

History of Wyoming Renter Fraction

Date US Wyoming
2015 36.97% 32.04%
2014 36.90% 33.10%
2013 36.50% 30.94%
2012 36.09% 30.95%
2011 35.42% 29.35%
2010 34.65% 30.31%
2009 34.13% 29.08%
2008 33.36% 29.91%
2007 32.80% 30.74%
2006 32.73% 30.48%
2005 33.10% 28.51%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.