A+
5%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
15%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Evanston Wyoming National
Cost of living9598100
Goods & Services10198100
Groceries101102100
Health care88100100
Housing85101100
Transportation10094100
Utilities9588100

An Overview of Cost of Living in Evanston, WY

Understanding the cost of living in Evanston can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Evanston cost of living index is 95, which is 5% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Everyday expenditures like food, housing, goods and services, transportation and health care in Evanston are priced in a manner consistent with other areas. This means that residents of Evanston can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

What Do Locals Say About the Cost of Living in Evanston?

Nobody knows their city better than the people who actually live there. So, we asked 5 local residents how they would rate the cost of living in Evanston and this is how they responded. 40% of people said that the cost of living was affordable, with prices decreasing, while 60% of people said that the cost of living was very expensive and prices continue to rise.

Is Evanston Affordable?

Is Evanston an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Evanston, the median home price is 8.3% lower than what most folks pay across the country, and monthly rent prices are 31.3% lower than the usual rates. Income levels in Evanston come in at $62,356, which is 12.7% higher than the national average.

What Factors can Influence the Cost of Living in Evanston?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Evanston, healthcare costs are 11.9% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Evanston, the standard sales tax rate starts at 4%, and the income tax rates commence at 0%.

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Evanston, the housing index is 15.2% lower than the national average.

Where is the Data From?

The Evanston cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Evanston is 3% lower than the Wyoming average
  • The cost of living in Evanston is 5% lower than the national average
  • Evanston housing is 15% lower than the national average
  • Wyoming general sales tax is 22% lower than the national average
  • Wyoming state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Evanston

See all the best places to live around Evanston

Compare Evanston, WY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$74,581$6,215$1,740$2,238
      Renters$32,346$2,696$755$970
      To approximate the cost of living and the housing affordability in Evanston, WY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Evanston have a median income of $74,581. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,740 per month to avoid calamity and poverty. The renters in the city have an income of about $32,346, which would make their monthly maximum allowable rental costs $755.

      Wyoming Sales Tax

      State General Sales Tax With Max Surtax
      Wyoming 4% 6%

      Wyoming Income Tax

      State Income Tax (Low) Income Tax (High)
      Wyoming 0% 0%

      Goods & Services

      Item Evanston National avg. Difference
      Haircut $21.35$24.2612.0%
      Beauty Salon $52.17$45.5614.5%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.17$1.288.6%
      Movie $11.20$12.137.7%
      Bowling $16.97$18.005.7%

      Groceries

      Item Evanston National avg. Difference
      Ground Beef $6.18$5.845.9%
      Fried Chicken $1.42$1.5710.0%
      Milk $4.68$4.670.2%
      Potatoes $4.61$4.936.7%
      Pizza $11.99$12.090.8%
      Beer $11.03$10.415.9%

      Health Care

      Item Evanston National avg. Difference
      Optometrist $113.53$125.689.7%
      Doctor $125.51$135.787.6%
      Dentist $77.37$113.2931.7%
      Ibuprofen $10.71$10.650.5%
      Lipitor $532.80$468.6013.7%

      Housing

      Item Evanston National avg. Difference
      Home Price $169,300.00$184,700.008.3%
      Avg. Mortgage Payment $2,471.79$2,346.695.3%
      Apartment Rent $652.00$949.0031.3%

      Transportation

      Item Evanston National avg. Difference
      Gasoline $3.51$3.461.4%
      Tire Balancing $58.77$59.921.9%

      Utilities

      Item Evanston National avg. Difference
      All Electricity $176.12$193.999.2%
      Phone $192.69$192.250.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bear River, WY96811616.1%
      Evanston, WY11,727955.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Oskaloosa, IA11,7278317.0%
      Coldstream, BC11,728n/a 
      Webster, MA11,7191109.8%
      Florham Park, NJ11,71916463.6%
      Wanaque, NJ11,71912221.7%
      Evanston, WY11,727955.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.