Lander 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.
IndexLanderWyomingNational
Cost of living index101101100
IndexLanderWyomingNational
Goods & Services index109103100
Groceries index103106100
Health care index101100100
Housing index99101100
Transportation index9193100
Utilities index8798100
Here we can see a simple outline of the cost of living in Lander, WY. As you can see, with the average cost of living in Lander, WY being 101, that puts it equal to the average of Wyoming and 1% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lander, WY, the price of goods and services are 6% higher than the average of Wyoming as well as 9% higher than the nation's average.
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Did you know?

  • The cost of living in Lander is equal to the Wyoming average.
  • The cost of living in Lander is 1% higher than the national average.
  • The cost of housing in Lander is 1% 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.

Compare Lander, WY Cost of living To Other Cities

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      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
      Using the salary calculator lets you compare the salary you earn in Lander, WY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Lander, WY, you have to earn a higher income in order to still have the same standard of living. To operate the Lander, WY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$64,250$5,354$1,499$1,928
      Renters$30,490$2,541$711$915
      The affordability of the housing market in Lander, WY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lander, WY homeowners, the median income is $64,250. This indicates that a monthly maximum of $1,499 should be spent by homeowners on all housing related costs. Renters have a median income of $30,490. This indicates that renters should have a maximum of $711 used for their rent related monthly costs.

      Wyoming Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Wyoming4%6%

      Wyoming Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Wyoming0%0%
      The Wyoming sales tax and Wyoming income tax rates should definitely be considered when determining the overall cost of living in Lander, WY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Wyoming sales tax is 4% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Wyoming income tax rates range from 0% to 0%.

      Goods & Services

      ItemLanderNational avg.Difference
      Haircut $17.83$17.491.9%
      Beauty Salon $36.33$38.174.8%
      Toothpaste $2.16$2.326.9%
      Shampoo $0.99$1.012.2%
      Movie $10.50$10.722.1%
      Bowling $14.00$13.861.0%

      Groceries

      ItemLanderNational avg.Difference
      Ground Beef $3.45$3.9011.5%
      Fried Chicken $1.46$1.404.6%
      Milk $1.69$1.9613.9%
      Potatoes $3.64$3.1814.4%
      Pizza $10.49$10.390.9%
      Beer $9.74$9.235.5%

      Health Care

      ItemLanderNational avg.Difference
      Optometrist $162.60$106.3452.9%
      Doctor $104.40$115.259.4%
      Dentist $97.40$98.381.0%
      Ibuprofen $9.23$9.260.3%
      Lipitor $473.98$466.471.6%

      Housing

      ItemLanderNational avg.Difference
      Home Price $199,200.00$184,700.007.9%
      Avg. Mortgage Payment $1,340.34$1,273.325.3%
      Apartment Rent $740.00$949.0022.0%

      Transportation

      ItemLanderNational avg.Difference
      Gasoline $2.45$2.595.5%
      Tire Balancing $43.18$48.9011.7%

      Utilities

      ItemLanderNational avg.Difference
      All Electricity$138.25$167.6017.5%
      Phone $169.14$163.423.5%
      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.
      Arapahoe, WY1,54988-12%
      Ethete, WY1,75189-11%
      Fort Washakie, WY1,87389-11%
      Hudson, WY51093-7%
      Boulder Flats, WY37798-2%
      Lander, WY7,7441011%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Three Rivers, MI7,74377-23%
      Southwest Ranches, FL7,74516565%
      Quincy, FL7,74386-14%
      Wading River, NY7,74214545%
      Princeton, IL7,74188-12%
      Lander, WY7,7441011%
      Source: The Lander, WY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.