Ranchettes 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.
IndexRanchettesWyomingNational
Cost of living index11896100
IndexRanchettesWyomingNational
Goods & Services index9191100
Groceries index9797100
Health care index101101100
Housing index175101100
Transportation index8787100
Utilities index100100100
The above illustration supplies generalized information for the Ranchettes, WY cost of living index. Compared to other cities in Wyoming and cities across the country, the cost of living index in Ranchettes, WY is 118, which is 23% higher than the Wyoming average and 18% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Ranchettes, WY are equal to the average for Wyoming and 9% lower than the rest of the country.

Did you know?

  • The cost of living in Ranchettes is 23% higher than the Wyoming average.
  • The cost of living in Ranchettes is 18% higher than the national average.
  • The cost of housing in Ranchettes is 75% higher 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 Ranchettes

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Ranchettes

Compare Ranchettes, 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
The salary calculator is meant to help you compare your salary in Ranchettes, WY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Ranchettes, WY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Ranchettes, WY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$96,250$8,021$2,246$2,888
Renters$76,364$6,364$1,782$2,291
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Ranchettes, WY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Ranchettes, WY homeowners, is $96,250. This would allow for a maximum of $2,246 per month to be spent on housing costs. For renters, the median monthly income is $76,364 which would result in a maximum of $1,782 to be spent on rental costs.

Wyoming Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wyoming4%6%

Wyoming Income Tax

StateIncome Tax (Low)Income Tax (High)
Wyoming0%0%
When you are determining the total cost of living in Ranchettes, WY you will want to make sure you consider both the Wyoming sales tax and the Wyoming income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wyoming is 4%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wyoming have a range from 0% to 0%.

Goods & Services

ItemRanchettesNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $31.00$34.6810.6%
Toothpaste $3.39$2.4737.1%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.00$4.3931.7%

Groceries

ItemRanchettesNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.09$1.4625.5%
Milk $2.45$2.364.0%
Potatoes $2.15$3.0629.8%
Pizza $10.00$9.248.2%
Beer $8.92$8.633.3%

Health Care

ItemRanchettesNational avg.Difference
Optometrist $134.33$99.7834.6%
Doctor $97.50$105.037.2%
Dentist $89.00$88.700.3%
Ibuprofen $9.27$9.411.5%
Lipitor $310.78$298.504.1%

Housing

ItemRanchettesNational avg.Difference
Home Price $331,900.00$175,700.0088.9%
Avg. Mortgage Payment $962.56$1,081.0311.0%
Apartment Rent $1,314.00$920.0042.8%

Transportation

ItemRanchettesNational avg.Difference
Gasoline $1.85$2.0911.3%
Tire Balancing $36.65$45.2919.1%

Utilities

ItemRanchettesNational avg.Difference
All Electricity$149.54$170.8012.4%
Phone $33.10$28.2617.1%
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.
Fox Farm-College, WY3,95977-23%
South Greeley, WY4,70278-22%
Cheyenne, WY61,47094-6%
Warren AFB, WY2,74699-1%
Ranchettes, WY6,02811818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alpine, TX6,02688-12%
Chickasaw, AL6,02686-14%
Contra Costa Centre, CA6,03115151%
Silver Lake, NC6,024100-0%
Twin Lakes, WI6,03399-1%
Ranchettes, WY6,02811818%
Source: The Ranchettes, WY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.