Cost Of Living in Cody, WY

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10%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

22%

Housing NAT. AVG.

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	Cody	Wyoming	National
Cost of living	110	98	100
Goods & Services	104	98	100
Groceries	101	102	100
Health care	104	100	100
Housing	122	101	100
Transportation	125	94	100
Utilities	93	88	100

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Cost Of Living Quick Facts

The cost of living in Cody is 12% higher than the Wyoming average
The cost of living in Cody is 10% higher than the national average
Cody housing is 22% higher 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

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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	$64,577	$5,381	$1,507	$1,938
Renters	$60,852	$5,071	$1,420	$1,826

A good way to judge both the affordability of the housing and the cost of living in Cody is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Cody has a median income of about $64,577 for people who own homes. Based on that number, a maximum of $1,507 should be spent on expenses related to housing. Renters have a slightly different median income, which is $60,852. Based on this average, renters should spend no more than $1,420 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Cody	National avg.	Difference
Haircut	$29.17	$24.26	20.2%
Beauty Salon	$41.59	$45.56	8.7%
Toothpaste	$4.10	$3.70	10.8%
Shampoo	$1.23	$1.28	3.9%
Movie	$12.47	$12.13	2.8%
Bowling	$17.73	$18.00	1.5%

Groceries

Item	Cody	National avg.	Difference
Ground Beef	$5.69	$5.84	2.5%
Fried Chicken	$1.40	$1.57	10.7%
Milk	$4.75	$4.67	1.6%
Potatoes	$4.54	$4.93	8.1%
Pizza	$12.10	$12.09	0.1%
Beer	$10.75	$10.41	3.3%

Health Care

Item	Cody	National avg.	Difference
Optometrist	$153.82	$125.68	22.4%
Doctor	$187.05	$135.78	37.8%
Dentist	$102.51	$113.29	9.5%
Ibuprofen	$10.61	$10.65	0.4%
Lipitor	$348.38	$468.60	25.7%

Housing

Item	Cody	National avg.	Difference
Home Price	$240,300.00	$184,700.00	30.1%
Avg. Mortgage Payment	$2,351.75	$2,346.69	0.2%
Apartment Rent	$966.00	$949.00	1.8%

Transportation

Item	Cody	National avg.	Difference
Gasoline	$3.45	$3.46	0.2%
Tire Balancing	$111.34	$59.92	85.8%

Utilities

Item	Cody	National avg.	Difference
All Electricity	$177.24	$193.99	8.6%
Phone	$183.03	$192.25	4.8%

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.
Ralston, WY	432	116	15.8%
Cody, WY	9,810	110	9.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
East Rockaway, NY	9,810	155	54.9%
Alcoa, TN	9,809	88	11.8%
Benton Harbor, MI	9,806	78	21.7%
Scotchtown, NY	9,814	109	8.5%
Inwood, NY	9,804	150	49.9%
Cody, WY	9,810	110	9.8%