Can A Real Estate Agent Afford Rent in Sheridan, WY?
Comfortably affordable — rent takes 28% of gross income.
Sheridan rent: July 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 Sheridan, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Sheridan
View full rent data for Sheridan, WY →Frequently asked questions
Can a real estate agent afford rent in Sheridan, WY?
Median rent in Sheridan is $1,440 a month. A typical real estate agent in Wyoming earns about $61,645 a year, which makes that rent 28% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Sheridan?
Using the 30% rule, a real estate agent salary in Wyoming (~$61,645/yr) supports up to $1,541 a month in rent. Sheridan's current median rent is $1,440/mo, which leaves a $101/mo buffer.
How many hours does a real estate agent work to cover rent in Sheridan?
At an hourly equivalent of about $30 an hour, a real estate agent in Wyoming works roughly 48.6 hours a month to cover Sheridan's median rent of $1,440.
Where is rent cheaper than Sheridan for a real estate agent?
Nearby Wyoming cities with lower median rent include Cody ($1,431/mo), Lander ($1,413/mo), Casper ($1,410/mo). Each shifts the affordability math materially on a real estate agent salary.