Ranchester, WY
Population 1,069 · Wyoming
About Ranchester, WY
Ranchester is a small town located in Wyoming with a population of 1,069 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,568 per year, which is 13% below the national median of $75,149. The median age of 34.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Ranchester features a median home value of $295,900, which is 21% above the national median of $244,900. This positions Ranchester in a moderately priced market relative to the rest of the country. Median monthly rent is $765, 34% below the national average of $1,163/month. Of the 388 total housing units, 83% are owner-occupied (311 units) and 17% are renter-occupied (64 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ranchester shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Ranchester have an average one-way commute time of 24.4 minutes.
Education & Demographics
33.8% of Ranchester residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.5% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
How Ranchester Ranks in Wyoming
Cost of Living in Ranchester, WY
Compared to national averages, Ranchester has a median household income of $65,568 (13% below the national median of $75,149). Home values average $295,900, which is 21% above the national median. Monthly rent at $765 is 34% below the US average of $1,163. Within Wyoming, Ranchester's income is 18% below the state average of $80,049, and home values are 2% below the state median of $302,372.
Why Live in Ranchester, WY?
Ranchester offers rent that’s lower than the national average at $765/month, and a strong job market with an unemployment rate of just 1.4%, and a well-educated community where 33.8% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($65,568) that falls below the national average. However, Ranchester’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ranchester has a population of 1,069 with a median age of 34.3 years. Compare Ranchester with other cities to see how it stacks up, or explore all cities in Wyoming.
Similar Cities Near Ranchester
Cities in Wyoming with a similar population size.
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 Ranchester With Other Cities
Frequently Asked Questions about Ranchester
What is the population of Ranchester, WY?
The population of Ranchester, WY is 1,069 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 Ranchester?
The median household income in Ranchester, WY is $65,568 per year, which is 13% below the national median of $75,149.
What is the median home value in Ranchester?
The median home value in Ranchester, WY is $295,900, which is 21% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ranchester?
The median monthly rent in Ranchester, WY is $765, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Ranchester?
The unemployment rate in Ranchester, WY is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ranchester, WY a good place to live?
Ranchester offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,069 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Ranchester, WY?
33.8% of residents in Ranchester aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Ranchester?
Key cost-of-living indicators for Ranchester, WY: median home value is $295,900 (21% above national), median rent is $765/month, and median household income is $65,568. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Ranchester?
The poverty rate in Ranchester, WY is 13.8%, 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 Ranchester, WY?
Ranchester's population is 1.5% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.