Income Needed to Buy a Home in Wyoming (2026)
Verdict: unaffordable — requires $98,518/year (#25 least affordable of 51 US states)
Wyoming ranks #25 of 51 US states for housing unaffordability in 2026. Buying the median home at $363,227 requires a household income of about $98,518. That's $22,986 more than the median household actually earns ($75,532) — a shortfall of 30% of typical income.
Wyoming's affordability ratio of 1.30 (required income ÷ actual median income) is 2.1% worse than the median across all 51 US states (1.28). Home prices here sit 4.8% above the cross-state median of $346,668.
A low 0.55% effective property tax rate keeps the monthly tax bill to $166, softening the total payment, while homeowners insurance runs about $1,306/year. All-in, the monthly PITI (principal, interest, taxes, insurance) comes to $2,299. Wyoming has no state income tax, which effectively boosts take-home pay relative to the sticker income requirement.
Wyoming monthly cost breakdown (2026)
| Median home price | $363,227 |
| Loan amount (10% down) | $326,905 |
| Monthly principal & interest | $2,023 |
| Monthly property tax (0.55% rate) | $166 |
| Monthly homeowners insurance | $109 |
| Total monthly PITI | $2,299 |
| Required household income | $98,518 |
| Median household income | $75,532 |
Run your own numbers
These figures model the median buyer. Your rate, down payment, and debts change the answer — check your personal maximum with the Home Affordability Analyzer or build a full payment schedule in the Advanced Mortgage Calculator. Closing costs typically add 2–5% on top — estimate them with the Closing Costs Estimator.
How Wyoming compares
- Tennessee — similar affordability (ratio 1.32, requires $95,040)
- North Carolina — similar affordability (ratio 1.33, requires $98,305)
- South Dakota — similar affordability (ratio 1.28, requires $98,189)
- West Virginia — among the most affordable US states (requires $48,369)
- Iowa — among the most affordable US states (requires $74,199)
See every state and province ranked in the 2026 Mortgage Affordability Index.
Frequently asked questions
How much income do you need to buy a house in Wyoming in 2026?
About $98,518 per year to afford the median-priced home of $363,227, assuming a 10% down payment and standard 28% housing-cost-to-income guideline. The median Wyoming household earns $75,532.
What is the monthly cost of owning a median home in Wyoming?
Roughly $2,299 per month, including principal and interest, property tax, and homeowners insurance.
Is Wyoming affordable at the median income?
No. The required income exceeds the median household income by $22,986 (30%), ranking Wyoming #25 least affordable of 51 US states.
Methodology & sources
Assumes 10% down, 30-year fixed at prevailing 2026 rates, 28% housing-cost-to-income guideline. Home prices from Zillow ZHVI (March 2026); incomes from Census ACS 1-Year 2024; property taxes from Tax Foundation; insurance from Bankrate state averages. Figures model the median scenario and are not financial advice. Full sources on the affordability index.