Powell cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexPowellWyomingNational
Cost of living index9496100
IndexPowellWyomingNational
Goods & Services index10191100
Groceries index10197100
Health care index106101100
Housing index84101100
Transportation index9487100
Utilities index86100100
An overview of the general cost of living index for Powell, WY is displayed above for your reference. Residents in Powell, WY enjoy a cost of living index of 94. This index is 2% lower than the Wyoming average, and 6% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Powell, WY, the average cost of goods and services is 11% higher than it is in Wyoming, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Powell is 2% lower than the Wyoming average.
  • The cost of living in Powell is 6% lower than the national average.
  • The cost of housing in Powell is 16% lower than the national average.
  • Wyoming general sales tax is 21% lower than the national average.
  • Wyoming state income tax is 100% lower than the national average.

Find Real Estate Listings In Powell

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Powell

Compare Powell, WY Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Powell, WY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Powell, WY, then you would need to earn more income in order to maintain the same standard of living. To use the Powell, WY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,613$4,218$1,181$1,519
Renters$43,083$3,590$1,005$1,293
If you want to find a good determining factor for the cost of living and the general affordability of housing in Powell, WY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Powell, WY, the median monthly income is $50,613 for those who own their own homes. Under the standard rule, that income level would allow for $1,181 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,083, per the median income in the area. That would allow for renters to spend up to $1,005 on monthly rental expenses.

Wyoming Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wyoming4%6%

Wyoming Income Tax

StateIncome Tax (Low)Income Tax (High)
Wyoming0%0%
When considering the overall cost of living expenses in Powell, WY, it's important to take into account the sales tax for Wyoming, as well as the rate for income tax in Wyoming. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wyoming is 6%, and the sales tax in the state of Wyoming is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wyoming starts from 0% and goes up to 0%.

Goods & Services

ItemPowellNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $39.00$34.6812.5%
Toothpaste $2.83$2.4714.4%
Shampoo $1.08$1.025.7%
Movie $10.25$9.873.9%
Bowling $3.75$4.3914.6%

Groceries

ItemPowellNational avg.Difference
Ground Beef $3.79$4.4815.3%
Fried Chicken $1.62$1.4610.7%
Milk $2.36$2.360.1%
Potatoes $3.49$3.0614.0%
Pizza $8.99$9.242.7%
Beer $8.86$8.632.6%

Health Care

ItemPowellNational avg.Difference
Optometrist $106.20$99.786.4%
Doctor $126.50$105.0320.4%
Dentist $84.33$88.704.9%
Ibuprofen $10.99$9.4116.8%
Lipitor $301.41$298.501.0%

Housing

ItemPowellNational avg.Difference
Home Price $151,100.00$175,700.0014.0%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $739.00$920.0019.7%

Transportation

ItemPowellNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $39.75$45.2912.2%

Utilities

ItemPowellNational avg.Difference
All Electricity$150.35$170.8012.0%
Phone $23.35$28.2617.4%
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, StatePopulationCost of Living IndexNational Avg.
Garland, WY14198-2%
Frannie, WY15379-21%
Deaver, WY17483-17%
Byron, WY69184-16%
Cowley, WY78990-10%
Powell, WY6,36594-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Keyes, CA6,36498-2%
South Williamsport, PA6,37094-6%
Calverton, NY6,37212626%
Oakmont, PA6,3581000%
Lakeview, NY6,35716060%
Powell, WY6,36594-6%
Source: The Powell, WY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.