Cost of living in Cody research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cody is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wyoming, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cody is 101, with 100 being the average.
The cost of living index in Cody is 1.0x higher than the national average.
Cody ranks as the #14 cheapest in Wyoming out of 18.
Cody ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Cody is $260,300.
The median income in Cody is $59,682.
According to the most recent data on the cost of living, Cody has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Wyoming, Cody has a cost of living index that's 1.1x higher than Wyoming's index of 92.
The standard of living in Cody ranks as #14 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Cody ranks as the #4 most expensive place in the Equality State.
For more reading on life in Cody, check out:
Six factors go into calculating the cost of living index in Cody. Here is how it fairs on each of the criteria:
The Services index in Cody is 103.
The Groceries index in Cody is 102.
The Health index in Cody is 96.
The Housing index in Cody is 105.
The Transportation index in Cody is 93.
The Utilities index in Cody is 90.
Living Expense | Cody | Wyoming | National Average | |
---|---|---|---|---|
Overall | 101 | 92 | 100 | |
Services | 103 | 98 | 100 | |
Groceries | 102 | 102 | 100 | |
Health | 96 | 97 | 100 | |
Housing | 105 | 80 | 100 | |
Transportation | 93 | 94 | 100 | |
Utilities | 90 | 84 | 100 |
Housing swings affordability the most between places in Wyoming, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cody is $260,300.
The Median Rent in Cody is $1,003.
The Median Income in Cody is $59,682.
The Home Value To Income in Cody is 4.4x.
The Rent To Monthly Income in Cody is 0.2x.
Statistic | Cody | Wyoming | United States |
---|---|---|---|
Median Home Value | $260,300 | $237,900 | $244,900 |
Median Rent | $1,003 | $878 | $1,163 |
Median Income | $59,682 | $68,002 | $69,021 |
Home Value To Income | 4.4x | 3.5x | 3.5x |
Rent To Monthly Income | 0.2x | 0.15x | 0.2x |
The cost of living varies in the cities and towns around Cody. Here's a quick look at the cost of living in the most populous nearby places:
Powell, WY has a cost of living index of 95, 0.9x Cody.
City | Population | Cost Of Living | Vs. Cody |
---|---|---|---|
Powell, WY | 6,385 | 95 | 0.9x |