| Index | Riverton | Wyoming | National |
| Cost of living | 95 | 100 | 100 |
| Groceries | 100 | 101 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 85 | 102 | 100 |
| Transportation | 100 | 100 | 100 |
| Utilities | 105 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 97 | 99 | 100 |
| Education & Childcare | 98 | 97 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Riverton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Riverton stands at 95, making it 5% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Riverton is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Riverton 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 Riverton is 12.8% lower than the national average, while the average monthly rent prices are 19.9% lower than average. The affordability of any location can also be influenced by median income levels. Riverton has a median household income of $73,686, which is 9.4% lower than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Riverton, is 14.9% lower than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Riverton, the baseline sales tax rate begins at 4%, and income tax rates start at 0%.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The Riverton cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| 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 | $94,819 | $7,902 | $2,212 | $2,845 |
| Renters | $57,526 | $4,794 | $1,342 | $1,726 |
| 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. |
| Shoshoni, WY | 620 | 83 | 17.0% |
| Arapahoe, WY | 1,764 | 91 | 8.6% |
| Hudson, WY | 431 | 96 | 3.9% |
| Riverton, WY | 11,178 | 95 | 5.0% |
| City | Population | Cost of Living Index | National Avg. |
| Weyburn, SK | 11,179 | n/a | |
| Waynesboro, PA | 11,180 | 100 | 0.3% |
| Halfway, MD | 11,181 | 105 | 5.3% |
| Essex Junction, VT | 11,172 | 121 | 20.5% |
| Fair Oaks Ranch, TX | 11,171 | 156 | 55.6% |
| Riverton, WY | 11,178 | 95 | 5.0% |
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