Rock Springs, WY

Very Low · 72

Wyoming · Population 23,229 · Updated March 2026

$943
Median Rent / Month
$73,307
Median Income
$245,600
Median Home Value
$1,025
Owner Costs / Month

Affordability

How far your income goes in Rock Springs

15.4%
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

$11,316
Annual Rent
$0
State Income Tax
$1,375
Property Tax (est.)

Cost of Living Overview

Rock Springs is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Rock Springs residents can expect to pay median rent of $943/month while earning a median household income of $73,307/year.

The median home value in Rock Springs, WY is $245,600, with typical monthly owner costs around $1,025 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.4% 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 Rock Springs.

Frequently Asked Questions

Common questions about living costs in Rock Springs

What is the cost of living in Rock Springs, WY?
The cost of living index in Rock Springs, WY is 72 (US average = 100). Median monthly rent is $943, median household income is $73,307/year, and the median home value is $245,600.
Is Rock Springs, WY affordable?
Yes, Rock Springs is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 15.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rock Springs, WY?
The median gross rent in Rock Springs, WY is $943 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,316.
What is the median household income in Rock Springs?
The median household income in Rock Springs, WY is $73,307 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.