| Index | Cody | Wyoming | National |
| Cost of living | 109 | 100 | 100 |
| Groceries | 102 | 101 | 100 |
| Health care | 103 | 98 | 100 |
| Housing | 124 | 102 | 100 |
| Transportation | 102 | 100 | 100 |
| Utilities | 107 | 103 | 100 |
| Lifestyle & Entertainment | 98 | 98 | 100 |
| Household Items | 100 | 99 | 100 |
| Education & Childcare | 103 | 97 | 100 |
Knowing the cost of living in Cody allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Cody stands at 109, marking it 9% higher than the national average.
The cost of living in Cody aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Cody residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Housing costs are a very significant part of the Cody cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 24% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Nobody knows their city better than the people who actually live there. So, we asked 9 local residents how they would rate the cost of living in Cody and this is how they responded. 56% of people said that the cost of living was affordable, with prices decreasing, while 44% of people said that the cost of living was very expensive and prices continue to rise.
Is Cody an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Cody is 34.6% higher than the national average, while the average monthly rent prices are 0.8% lower than average. The affordability of any location can also be influenced by median income levels. Cody has a median household income of $93,283, which is 14.7% higher than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Cody, the housing index comes in at 24% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Cody, healthcare costs are 3.1% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
The cost of living estimates displayed for Cody are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $98,107 | $8,176 | $2,289 | $2,944 |
| Renters | $89,605 | $7,467 | $2,091 | $2,688 |
| State | General Sales Tax | With Max Surtax |
| Wyoming | 4% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Wyoming | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Ralston, WY | 449 | 115 | 14.5% |
| Cody, WY | 10,018 | 109 | 8.7% |
| City | Population | Cost of Living Index | National Avg. |
| Winfield, IL | 10,018 | 127 | 26.9% |
| Yarmouth, NS | 10,021 | n/a | |
| Hope, AR | 10,014 | 83 | 16.5% |
| Corte Madera, CA | 10,023 | 254 | 153.9% |
| Lacombe County, AB | 10,012 | n/a | |
| Cody, WY | 10,018 | 109 | 8.7% |
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