Cheyenne, Wyoming Income Statistics
Cheyenne Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Cheyenne Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cheyenne | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,926 | $76,390 | $80,455 |
| Median Personal Income | $56,576 | $58,883 | $60,758 |
| Average Yearly Income Growth | 3.4% | 3.2% | 4.8% |
| Six-Figure Earners | 10.3% | 11.9% | 13.9% |
| $200k+ Households | 5.5% | 8.5% | 13.2% |
The median household income in Cheyenne is about 3% lower than in Wyoming. Income has been growing faster in Cheyenne (3.4%/yr) than in Wyoming (3.2%/yr).
About 10% of adults in Cheyenne earn six figures ($100,000 or more) a year, lower than the Wyoming average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cheyenne, Wyoming grew by 55.2% from 2009 to 2024, reaching $73,926 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Cheyenne
| Metric | Cheyenne | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.519 | 0.552 |
| Male Median Income | $65,672 | $70,090 | $69,667 |
| Female Median Income | $47,989 | $50,855 | $56,850 |
| Gender Pay Gap | 26.9% | 27.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cheyenne, it is 0.496, lower than Wyoming's 0.519, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 37% more than women's income in Cheyenne, Wyoming. Over a 35-year career, a 37% wage gap accumulates to roughly $618,905 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cheyenne, Wyoming has widened from about 25% to 27% in 2024. Over that period the gap was widest at 28% in 2021, and was narrowest at 21% in 2019. In dollar terms, the gap has widened by $6,512 since 2009.
Sharply against the trend: the pay gap in Cheyenne widened by 1.6 points while Wyoming's narrowed by 7.8 points.
Employment
| Metric | Cheyenne | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.7% | 5.2% |
| Working from Home | 8.0% | 9.4% | 15.0% |
| Commute time (minutes) | 13 | 13 | 22 |
Approximately 991 people are unemployed in Cheyenne, Wyoming.
The average commute time in Cheyenne is 13 minutes, about the same as in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cheyenne, Wyoming has fallen from 4.7% to 3.7% in 2024. Over that period the rate peaked at 6.4% in 2016 and fell as low as 3.3% in 2023.
Conclusion
Considering all these factors, Cheyenne, Wyoming has an overall wealth index grade of B, making it about on par with Wyoming, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cheyenne, Wyoming.
How Rich Is Cheyenne, Wyoming?
Cheyenne has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $73,926, about 3% lower than the Wyoming average of $76,390.
How has median household income changed in Cheyenne, Wyoming?
Between 2009 and 2024, the median household income in Cheyenne, Wyoming rose 55%, from $47,635 to $73,926. Over the same years, income here outpaced Wyoming as a whole: +55% against +47%.
What was the median household income in Cheyenne in 2023?
In 2023, the median household income in Cheyenne, Wyoming was $73,075, up 2% from $71,854 in 2022. The Wyoming median that year was $74,839.
What was the median household income in Cheyenne in 2020?
In 2020, the median household income in Cheyenne, Wyoming was $65,269. By 2024 it had risen 13% to $73,926.
What is the Gini coefficient in Cheyenne, Wyoming?
The Gini coefficient in Cheyenne is 0.496. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cheyenne, Wyoming?
Since 2009, the income gap between men and women in Cheyenne, Wyoming has widened from about 25% to 27% in 2024. Over that period the gap was widest at 28% in 2021, and was narrowest at 21% in 2019. In dollar terms, the gap has widened by $6,512 since 2009.
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