Quick facts: Wheatland, WY

Quick Facts

Data is updating, will be available soon
3,571
Population
24.08
Crime Rate per 1000
above US average
$53,627
Median Income
below US average
$295,000
Median House Price
above US average
$747.5
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,627.

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Income Needed to Buy

βœ— Stretch
$93k/year
Based on $295,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $53,627
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Income Needed to Rent

βœ“ Affordable
$32k/year
Based on $747.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,627) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wheatland, WY

Wheatland is a charming town located in Platte County, Wyoming. Nestled between the Laramie Mountains and the North Platte River, it offers stunning natural landscapes and a rich history. With a population of around 3,500, it serves as a welcoming community boasting friendly residents and a small-town atmosphere. The town's history dates back to the 19th century and is closely tied to the development of the railway and agriculture in the area. Wheatland has retained much of its historical charm, with several buildings and sites listed on the National Register of Historic Places. Outdoor enthusiasts can enjoy various activities in and around Wheatland, including hiking, fishing, and hunting. The nearby Laramie Peak and Glendo State Park provide opportunities for camping and water sports, making it a perfect destination for adventure seekers. Wheatland also hosts events like the annual Platte County Fair, fostering community spirit and providing entertainment. Additionally, the town's local shops, restaurants, and parks contribute to a tight-knit community feel, making it a great place to visit or reside.

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