What Salary Do You Need to Live in Cody?
To afford a 2-bedroom in Cody, you need to earn at least $46,440/year based on estimated fair market rent data. The median household income here is $67,764, which means the typical resident is $21,324 above the threshold.
Salary Required by Bedroom Size
| Bedroom | Monthly Rent | Monthly Income | Annual Salary | vs. Median |
|---|---|---|---|---|
| Studio | $813 | $2,710 | $32,520 | $-35,244 |
| 1 Bedroom | $964 | $3,213 | $38,560 | $-29,204 |
| 2 Bedroom BENCHMARK | $1,161 | $3,870 | $46,440 | $-21,324 |
| 3 Bedroom | $1,416 | $4,720 | $56,640 | $-11,124 |
| 4 Bedroom | $1,742 | $5,807 | $69,680 | +$1,916 |
Affordability Breakdown
Where the required salary line crosses above Cody's median income — housing becomes unaffordable for the typical resident.
Income vs. Rent Snapshot
Median Income
$67,764
Annual household
2BR Required Salary
$46,440
Under 30% rule
Income Gap
+$21,324
Surplus
Verdict
Affordable
Ratio: 20.6%
The 30% Rule Calculator
Enter your annual salary to see what you can afford in Cody
Pre-filled with Cody's median household income
Studio
$813/mo
1 BR
$964/mo
2 BR
$1,161/mo
3 BR
$1,416/mo
4 BR
$1,742/mo
Salary Comparison by Bedroom
Bars left of the marker line are affordable for Cody's median earner. Bars to the right require above-median income.
What This Means If You're Moving to Cody
Cody, Wyoming stands out as one of the more financially accessible housing markets in the state. The median household income of $67,764 significantly exceeds the $46,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,324 annual surplus for savings, debt repayment, or lifestyle spending.
For remote workers or relocators evaluating Cody, a studio at $813/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,416/month remains accessible for dual-income households earning above $56,640.
To live comfortably with room for non-housing expenses, a break-even salary of approximately $69,660 would position you well — though many residents in Cody manage on less given the favorable rent-to-income dynamics.
Local Job Market & Housing Dynamics
Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Cody, Wyoming.
With a total population of 10,081, the city supports an active civilian workforce of 5,185 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,440 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.
Employed Workforce
5,185
Active civilian employees in Cody
Frequently Asked Questions About Renting in Cody
What salary do I need to live in Cody, Wyoming?
Can I afford a 2-bedroom in Cody on $67,764?
What is the average rent in Cody compared to median income?
What salary do I need for a studio in Cody?
Is Cody considered an affordable place to live?
How Cody Compares
Other cities in Wyoming with salary requirements