Cost of living in Riverton 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 Riverton 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 Riverton is 94, with 100 being the average.
The cost of living index in Riverton is 0.9x lower than the national average.
Riverton ranks as the #3 cheapest in Wyoming out of 18.
Riverton ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Riverton is $167,900.
The median income in Riverton is $51,565.
According to the most recent data on the cost of living, Riverton has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Wyoming, Riverton has a cost of living index that's 1.0x higher than Wyoming's index of 92.
The standard of living in Riverton ranks as #3 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Riverton ranks as the #15 most expensive place in the Equality State.
For more reading on life in Riverton, check out:
Six factors go into calculating the cost of living index in Riverton. Here is how it fairs on each of the criteria:
The Services index in Riverton is 107.
The Groceries index in Riverton is 102.
The Health index in Riverton is 103.
The Housing index in Riverton is 83.
The Transportation index in Riverton is 87.
The Utilities index in Riverton is 89.
Living Expense | Riverton | Wyoming | National Average | |
---|---|---|---|---|
Overall | 94 | 92 | 100 | |
Services | 107 | 98 | 100 | |
Groceries | 102 | 102 | 100 | |
Health | 103 | 97 | 100 | |
Housing | 83 | 80 | 100 | |
Transportation | 87 | 94 | 100 | |
Utilities | 89 | 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 Riverton is $167,900.
The Median Rent in Riverton is $792.
The Median Income in Riverton is $51,565.
The Home Value To Income in Riverton is 3.3x.
The Rent To Monthly Income in Riverton is 0.18x.
Statistic | Riverton | Wyoming | United States |
---|---|---|---|
Median Home Value | $167,900 | $237,900 | $244,900 |
Median Rent | $792 | $878 | $1,163 |
Median Income | $51,565 | $68,002 | $69,021 |
Home Value To Income | 3.3x | 3.5x | 3.5x |
Rent To Monthly Income | 0.18x | 0.15x | 0.2x |
The cost of living varies in the cities and towns around Riverton. Here's a quick look at the cost of living in the most populous nearby places:
Lander, WY has a cost of living index of 100, 1.1x Riverton.
City | Population | Cost Of Living | Vs. Riverton |
---|---|---|---|
Lander, WY | 7,551 | 100 | 1.1x |