Can A Real Estate Agent Afford Rent in Cheyenne, WY?
Comfortably affordable — rent takes 29.1% of gross income.
Cheyenne rent: June 2026. Salary: BLS OEWS May 2024 (Wyoming state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Wyoming cities have lower median rent than Cheyenne, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Cheyenne
View full rent data for Cheyenne, WY →Frequently asked questions
Can a real estate agent afford rent in Cheyenne, WY?
Median rent in Cheyenne is $1,494 a month. A typical real estate agent in Wyoming earns about $61,645 a year, which makes that rent 29.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Cheyenne?
Using the 30% rule, a real estate agent salary in Wyoming (~$61,645/yr) supports up to $1,541 a month in rent. Cheyenne's current median rent is $1,494/mo, which leaves a $47/mo buffer.
How many hours does a real estate agent work to cover rent in Cheyenne?
At an hourly equivalent of about $30 an hour, a real estate agent in Wyoming works roughly 50.4 hours a month to cover Cheyenne's median rent of $1,494.
Where is rent cheaper than Cheyenne for a real estate agent?
Nearby Wyoming cities with lower median rent include Lander ($1,450/mo), Cody ($1,431/mo), Sheridan ($1,423/mo). Each shifts the affordability math materially on a real estate agent salary.