Cost Of Living in Powell, WY

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A-

4%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

2%

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

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Cost Of Living Quick Facts

The cost of living in Powell is 6% higher than the Wyoming average
The cost of living in Powell is 4% higher than the national average
Powell housing is 2% 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	$68,750	$5,729	$1,604	$2,063
Renters	$48,179	$4,015	$1,124	$1,446

A good indicator of the general affordability of housing in Powell, WY, 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, the median monthly income is $68,750 for those who own their own homes. Under the standard rule, that income level would allow for $1,604 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,179, per the median income in the area. That would allow for renters to spend up to $1,124 on monthly rental expenses.

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	Powell	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	Powell	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	Powell	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	Powell	National avg.	Difference
Home Price	$198,300.00	$184,700.00	7.4%
Avg. Mortgage Payment	$2,351.75	$2,346.69	0.2%
Apartment Rent	$858.00	$949.00	9.6%

Transportation

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

Utilities

Item	Powell	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.
Garland, WY	193	105	4.7%
Frannie, WY	212	89	10.7%
Byron, WY	493	92	8.1%
Deaver, WY	111	93	7.1%
Cowley, WY	667	100	0.4%
Powell, WY	6,238	104	4.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gulf Park Estates, MS	6,238	97	2.9%
Wailea, HI	6,239	238	138.4%
Ashton-Sandy Spring, MD	6,239	152	52.3%
Prairie Grove, AR	6,236	95	5.0%
Vine Grove, KY	6,234	100	0.2%
Powell, WY	6,238	104	4.0%