Riverton, WY

Very Low · 63

Wyoming · Population 10,803 · Updated March 2026

$885
Median Rent / Month
$56,280
Median Income
$204,900
Median Home Value
$892
Owner Costs / Month

Affordability

How far your income goes in Riverton

18.9%
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

$10,620
Annual Rent
$0
State Income Tax
$1,147
Property Tax (est.)

Cost of Living Overview

Riverton is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Riverton residents can expect to pay median rent of $885/month while earning a median household income of $56,280/year.

The median home value in Riverton, WY is $204,900, with typical monthly owner costs around $892 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% 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 Riverton.

Frequently Asked Questions

Common questions about living costs in Riverton

What is the cost of living in Riverton, WY?
The cost of living index in Riverton, WY is 63 (US average = 100). Median monthly rent is $885, median household income is $56,280/year, and the median home value is $204,900.
Is Riverton, WY affordable?
Yes, Riverton is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Riverton, WY?
The median gross rent in Riverton, WY is $885 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,620.
What is the median household income in Riverton?
The median household income in Riverton, WY is $56,280 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.