Basin, WY
Population 1,304 · Wyoming
About Basin, WY
Basin is a small town located in Wyoming with a population of 1,304 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,941 per year, which is 20% below the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Basin features a median home value of $143,900, which is 41% below the national median of $244,900. This makes Basin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $914, 21% below the national average of $1,163/month. Of the 611 total housing units, 77% are owner-occupied (392 units) and 23% are renter-occupied (119 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Basin shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.6%, above the national average of 12.4%. Workers in Basin have an average one-way commute time of 14.3 minutes, one of the shorter commutes in the region.
Education & Demographics
21.3% of Basin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.4% White, 3.1% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 1.3% of the population being foreign-born.
How Basin Ranks in Wyoming
Cost of Living in Basin, WY
Compared to national averages, Basin has a median household income of $59,941 (20% below the national median of $75,149). Home values average $143,900, which is 41% below the national median. Monthly rent at $914 is 21% below the US average of $1,163. Within Wyoming, Basin's income is 25% below the state average of $80,049, and home values are 52% below the state median of $302,372.
Why Live in Basin, WY?
Basin offers affordable housing with a median home value of $143,900, below the US average of $244,900, and rent that’s lower than the national average at $914/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features short commute times averaging just 14.3 minutes.
Potential considerations include median household income ($59,941) that falls below the national average. However, Basin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Basin has a population of 1,304 with a median age of 39.3 years. Compare Basin with other cities to see how it stacks up, or explore all cities in Wyoming.
Similar Cities Near Basin
Cities in Wyoming with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Osmond | 1,270 | $0 | $273,000 | Compare |
| Fort Washakie | 1,345 | $36,429 | $97,200 | Compare |
| Pine Bluffs | 1,260 | $65,275 | $306,200 | Compare |
| Wilson | 1,255 | $102,055 | $0 | Compare |
| Moose Wilson Road | 1,380 | $108,494 | $1,631,500 | Compare |
| Marbleton | 1,209 | $65,625 | $189,100 | Compare |
| Wright | 1,400 | $86,115 | $218,500 | Compare |
| Rafter J Ranch | 1,202 | $151,429 | $1,092,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wyoming
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Basin With Other Cities
Frequently Asked Questions about Basin
What is the population of Basin, WY?
The population of Basin, WY is 1,304 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wyoming.
What is the median household income in Basin?
The median household income in Basin, WY is $59,941 per year, which is 20% below the national median of $75,149.
What is the median home value in Basin?
The median home value in Basin, WY is $143,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Basin?
The median monthly rent in Basin, WY is $914, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Basin?
The unemployment rate in Basin, WY is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Basin, WY a good place to live?
Basin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,304 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Basin, WY?
21.3% of residents in Basin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Basin?
Key cost-of-living indicators for Basin, WY: median home value is $143,900 (41% below national), median rent is $914/month, and median household income is $59,941. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Basin?
The poverty rate in Basin, WY is 18.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Basin, WY?
Basin's population is 3.4% White, 3.1% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.