Quick facts: Wright, WY

Quick Facts

Data is updating, will be available soon
1,640
Population
6.1
Crime Rate per 1000
below US average
$88,150
Median Income
above US average
$299,900
Median House Price
above US average
$1363
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

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 $88,150.

🏠

Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $88,150
🏒

Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($88,150) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wright, WY

Wright is a small town located in Campbell County, Wyoming. Nestled in the northeastern part of the state, it has a rich history rooted in the coal industry, with mining serving as a pivotal economic driver for the area. The town is relatively young, having been established in the late 20th century, primarily to support the growing mining operations nearby. Despite its size, Wright offers a tight-knit community atmosphere, characterized by friendly residents and local events that foster community spirit. The town provides access to various outdoor recreational opportunities, including hiking, fishing, and hunting, thanks to its proximity to the vast landscapes of Wyoming. Nature enthusiasts will appreciate the beautiful vistas and wildlife in the area, as well as the opportunity to explore the nearby Black Hills region. Wright's location also allows for easy access to larger towns and cities within the region, providing residents and visitors with additional amenities and services. Overall, Wright embodies the charm of small-town Wyoming, paired with the rugged beauty of its natural surroundings.

πŸ” Search & Compare Places

First Location πŸ“