Evanston, WY

Very Low · 65

Wyoming · Population 11,803 · Updated March 2026

$841
Median Rent / Month
$76,569
Median Income
$236,400
Median Home Value
$869
Owner Costs / Month

Affordability

How far your income goes in Evanston

13.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wyoming

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
4.0%
Sales Tax
0.56%
Property Tax Rate

Estimated Annual Costs

$10,092
Annual Rent
$0
State Income Tax
$1,324
Property Tax (est.)

Cost of Living Overview

Evanston is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Evanston residents can expect to pay median rent of $841/month while earning a median household income of $76,569/year.

The median home value in Evanston, WY is $236,400, with typical monthly owner costs around $869 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wyoming has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 4.0% sales tax rate and 0.56% effective property tax rate, the overall tax environment helps keep costs manageable in Evanston.

Frequently Asked Questions

Common questions about living costs in Evanston

What is the cost of living in Evanston, WY?
The cost of living index in Evanston, WY is 65 (US average = 100). Median monthly rent is $841, median household income is $76,569/year, and the median home value is $236,400.
Is Evanston, WY affordable?
Yes, Evanston is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 13.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Evanston, WY?
The median gross rent in Evanston, WY is $841 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,092.
What is the median household income in Evanston?
The median household income in Evanston, WY is $76,569 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wyoming?
Wyoming has a top income tax rate of 0%, a sales tax of 4.0%, and an effective property tax rate of 0.56%. Notably, there is no state income tax.