Powell 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.
IndexPowellWyomingNational
Cost of living index97101100
IndexPowellWyomingNational
Goods & Services index106103100
Groceries index104106100
Health care index95100100
Housing index89101100
Transportation index9193100
Utilities index8698100
An overview of the general cost of living index for Powell, WY is displayed above for your reference. Residents in Powell, WY enjoy a cost of living index of 97. This index is 4% lower than the Wyoming average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Powell, WY, the average cost of goods and services is 3% higher than it is in Wyoming, and it is 6% higher than the national average.
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Did you know?

  • The cost of living in Powell is 4% lower than the Wyoming average.
  • The cost of living in Powell is 3% lower than the national average.
  • The cost of housing in Powell is 11% 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 Powell, WY Cost of living To Other Cities

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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
      Use the salary calculator to compare your current salary in Powell, WY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Powell, WY, then you would need to earn more income in order to maintain the same standard of living. To use the Powell, WY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$56,771$4,731$1,325$1,703
      Renters$36,159$3,013$844$1,085
      If you want to find a good determining factor for the cost of living and the general affordability of housing in Powell, WY, all you must look at 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, WY, the median monthly income is $56,771 for those who own their own homes. Under the standard rule, that income level would allow for $1,325 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,159, per the median income in the area. That would allow for renters to spend up to $844 on monthly rental expenses.

      Wyoming Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Wyoming4%6%

      Wyoming Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Wyoming0%0%
      When considering the overall cost of living expenses in Powell, WY, it's important to take into account the sales tax for Wyoming, as well as the rate for income tax in Wyoming. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wyoming is 6%, and the sales tax in the state of Wyoming is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wyoming starts from 0% and goes up to 0%.

      Goods & Services

      ItemPowellNational avg.Difference
      Haircut $18.42$17.495.3%
      Beauty Salon $35.04$38.178.2%
      Toothpaste $2.42$2.324.3%
      Shampoo $1.11$1.019.7%
      Movie $11.30$10.725.4%
      Bowling $14.28$13.863.0%

      Groceries

      ItemPowellNational avg.Difference
      Ground Beef $3.99$3.902.3%
      Fried Chicken $1.50$1.407.5%
      Milk $1.91$1.962.7%
      Potatoes $4.41$3.1838.5%
      Pizza $12.02$10.3915.6%
      Beer $8.54$9.237.5%

      Health Care

      ItemPowellNational avg.Difference
      Optometrist $132.98$106.3425.1%
      Doctor $96.50$115.2516.3%
      Dentist $96.50$98.381.9%
      Ibuprofen $8.99$9.262.9%
      Lipitor $443.81$466.474.9%

      Housing

      ItemPowellNational avg.Difference
      Home Price $176,000.00$184,700.004.7%
      Avg. Mortgage Payment $1,677.79$1,273.3231.8%
      Apartment Rent $714.00$949.0024.8%

      Transportation

      ItemPowellNational avg.Difference
      Gasoline $2.60$2.590.4%
      Tire Balancing $38.30$48.9021.7%

      Utilities

      ItemPowellNational avg.Difference
      All Electricity$131.71$167.6021.4%
      Phone $173.32$163.426.1%
      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.
      Garland, WY981000%
      Frannie, WY10981-19%
      Deaver, WY17785-15%
      Byron, WY58691-9%
      Cowley, WY85893-7%
      Powell, WY6,39697-3%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Unionville, NC6,3971000%
      Bronxville, NY6,395216116%
      South Patrick Shores, FL6,39811313%
      Otis Orchards-East Farms, WA6,3991000%
      Edinboro, PA6,39397-3%
      Powell, WY6,39697-3%
      Source: The Powell, WY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.