Cheyenne beckons with a unique blend of affordability and walkability, a lifestyle choice that's increasingly rare in today's real estate market. With a median home value of around $270,000, significantly below the national average, and a median rent hovering near $1,000, Cheyenne offers a financial entry point that's hard to beat. The city boasts a Walk Score of 69, indicating a comfortable level of pedestrian access, and a Bike Score of 52, making it easy to enjoy the outdoors. The city has a population of just over 65,000, fostering a close-knit community feel, enhanced by a "Quiet" noise level rating and an exceptional air quality index of 40, ensuring fresh air and peaceful living.
From an investment perspective, Cheyenne presents a compelling case. The unemployment rate is a favorable 3.8%, nearly on par with the national average, indicating a stable job market. While the median household income of around $60,780 is slightly below the national figure, the high affordability index of 112 compensates, making homeownership accessible to a wider range of buyers, with a homeownership rate of 60%. While property crime rates are a bit higher than the national average, the violent crime rate of 2.3 per 1,000 residents is relatively low. Cheyenne is ideal for families and individuals seeking a safe, affordable, and community-focused environment.
Cheyenne's commitment to quality of life extends beyond just affordability. The city's clean air, with an exceptional AQI, allows residents to fully enjoy the four distinct seasons. The electricity rate is a reasonable 11.5¢/kWh. Cheyenne offers a unique balance — a safe and affordable place to live, with a high quality of life, making it a hidden gem for those seeking a slower pace and a place to truly call home.
Median Home Value
$270,000
Median Income
$60,780
Population
65,132
Walk Score
69
Air Quality
AQI 40
Good
Climate Risk
Relatively Low
- Population
- 65,132
- Median Age
- N/A
- Median Household Income
- $60,780
19% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- N/A
- Median Home Value
- $270,000
4% below nat'l avg
- Median Rent
- $998
14% below nat'l avg
- Homeownership Rate
- 60.0%
9% below nat'l avg
- Affordability Index
- 112
12% above nat'l avg
- Violent Crime Rate
- 2.3 per 1K
38% below nat'l avg
- Property Crime Rate
- 16.7 per 1K
5% below nat'l avg
- AQI
- 40
5% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Low
- Risk Score
- 40.9
Top Hazards
- Overall
- Quiet
- Road Traffic
- 0 dBA
100% below nat'l avg
- Aviation
- 0 dBA
100% below nat'l avg
- Rail
- 0 dBA
100% below nat'l avg
- Electricity Rate
- 11.5¢/kWh
31% below nat'l avg
- Est. Monthly Electric
- $104
24% below nat'l avg
- Unemployment Rate
- 3.8%
3% above nat'l avg
- Poverty Rate
- N/A
Weather & Climate in Cheyenne
Avg High
59°F
Avg Low
37°F
Annual Rainfall
15.6"
Avg Humidity
49%
Political Landscape
→ Politically stable
Based on Laramie County county-level presidential election data
Culture & Things to Do in Cheyenne
Cheyenne Frontier Days
A world-renowned rodeo and Western celebration held annually in July.
Cheyenne Botanic Gardens Summer Concert Series
A series of outdoor concerts held throughout the summer.
Cheyenne Greek Festival
A cultural festival celebrating Greek food, music, and dance.
Cheyenne Arts Festival
An annual event showcasing local and regional artists.