CALCMONEY // MORTGAGE // WY // CHEYENNE
Calculate your monthly mortgage payment using Cheyenne-specific property tax rates and local market data.
$365,000
6.95%
0.61%
92
| Principal & Interest | $1,933 |
| Property Tax | $186 |
| Homeowners Insurance (est.) | $122 |
| Total Monthly Payment (PITI) | $2,240 |
$73,000
$403,840
$96,004/yr
The median home price in Cheyenne is $365,000, near the national median of $420,000. With a median household income of $72,000, the price-to-income ratio is 5.1x — meaning buyers typically spend 5.1 years of gross income on the purchase price.
Property taxes in Cheyenne run 0.61% of assessed value. On the median home, that is $2,227 per year, or $186 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Cheyenne homeowners a meaningful property tax advantage.
Wyoming has no state income tax, which means more of your gross salary becomes take-home pay. This effectively increases your purchasing power compared to income-tax states.
The cost of living index in Cheyenne is 92 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $292,000 loan saves $13,140 in interest over 30 years.
Compare Top Cheyenne Mortgage LendersCasper
$295,000 median
WYLaramie
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WYGillette
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WYRock Springs
$265,000 median