NAICS 53

Real Estate and Rental and Leasing in Cheyenne, WY

Metro Market Score 38.6 (Moderate), ranked #125 of 330 metros. 152 establishments, 544 jobs.

Metro Market Score 38.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Employment in Cheyenne's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 67.6. Combined with a 38.6 market score, this metro sits in the upper half for overall conditions.

Industry Concentration

43.3

LQ: 0.73

Rank #143 of 330 metros

Wage Competitiveness

59.7

$57,663 avg wage

Growth Trend

↑ 67.6

Employment growth index

Rank #108 of 330 metros

Wage Pressure

15.5

YoY wage change index

152 Real Estate and Rental and Leasing Firms in Cheyenne

152

Establishments

-3.2% YoY

544

Total Employment

+2.6% YoY

$57,663

Average Annual Wage

+2.4% YoY

0.73

Location Quotient

Below national avg

Within Wyoming

#1 of 2

real estate and rental and leasing metros in state

Wyoming state rank

#41 of 51

for real estate and rental and leasing entry risk

vs State Median

-29.0

better than median (67.6)

Cheyenne vs Wyoming Statewide

How this metro's real estate and rental and leasing market compares to Wyoming overall. The state ranks #41/51 for entry risk.

Measure	Cheyenne	WY Statewide
Overall Score	38.6 Moderate	49.6 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#125 of 330 metros	#41 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Cheyenne

Healthcare and Social Assistance 27.6 Administrative and Support Services 32.8 Construction 43.5 Professional, Scientific, and Technical Services 44.3 Other Services 51.8 Retail Trade 57.1 Accommodation and Food Services 60.3 Information 68.2 Finance and Insurance 70.1

Real Estate and Rental and Leasing in Other Wyoming Metros

Casper 67.6 #309/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Cheyenne's 38.6 score. Useful when comparing markets with comparable entry profiles.

Mansfield, OH 38.5 #124/330 Rockford, IL 38.5 #123/330 State College, PA 38.5 #122/330 Traverse City, MI 38.5 #121/330 Palm Bay-Melbourne-Titusville, FL 38.7 #126/330 South Bend-Mishawaka, IN 38.7 #127/330 Blacksburg-Christiansburg-Radford, VA 38.7 #128/330 Hickory-Lenoir-Morganton, NC 38.4 #120/330 Pensacola-Ferry Pass-Brent, FL 38.8 #129/330 Merced, CA 38.3 #119/330

Real Estate and Rental and Leasing in States Bordering Wyoming

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Nebraska 26.3 #3/51 South Dakota 26.4 #4/51 Montana 37.5 #20/51 Idaho 43.4 #32/51 Utah 46.6 #38/51 Colorado 52.1 #44/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Cheyenne's real estate and rental and leasing sector, the wage competitiveness component (59.7) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Cheyenne, WY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment