Torrington, WY Cost Of Living
Cost Of Living In Torrington, WY Summary
Cost of living in Torrington 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 Torrington 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 Torrington is 89, with 100 being the average.
The cost of living index in Torrington is 0.9x lower than the national average.
Torrington ranks as the #1 cheapest in Wyoming out of 18.
Torrington ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Torrington is $162,900.
The median income in Torrington is $52,917.
Table Of Contents
Torrington's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Torrington, WY?
According to the most recent data on the cost of living, Torrington has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Wyoming, Torrington has a cost of living index that's 1.0x lower than Wyoming's index of 92.
The standard of living in Torrington ranks as #1 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Torrington ranks as the #17 most expensive place in the Equality State.
For more reading on life in Torrington, check out:
- Living In Torrington
- Torrington Crime Report
- Search Homes For Sale In Torrington, WY
In Wyoming
In America
Torrington Cost Of Living Vs. Wyoming
Six factors go into calculating the cost of living index in Torrington. Here is how it fairs on each of the criteria:
The Services index in Torrington is 98.
The Groceries index in Torrington is 107.
The Health index in Torrington is 93.
The Housing index in Torrington is 72.
The Transportation index in Torrington is 85.
The Utilities index in Torrington is 85.
| Living Expense | Torrington | Wyoming | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 107 | 102 | 100 | |
| Health | 93 | 97 | 100 | |
| Housing | 72 | 80 | 100 | |
| Transportation | 85 | 94 | 100 | |
| Utilities | 85 | 84 | 100 | |
Torrington, WY Housing Cost Breakdown
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 Torrington is $162,900.
The Median Rent in Torrington is $755.
The Median Income in Torrington is $52,917.
The Home Value To Income in Torrington is 3.1x.
The Rent To Monthly Income in Torrington is 0.17x.
| Statistic | Torrington | Wyoming | United States |
|---|---|---|---|
| Median Home Value | $162,900 | $237,900 | $244,900 |
| Median Rent | $755 | $878 | $1,163 |
| Median Income | $52,917 | $68,002 | $69,021 |
| Home Value To Income | 3.1x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Torrington, WY Costs By Category
Detailed Torrington Services Costs Vs. Wyoming
| Item | Torrington | Wyoming |
|---|---|---|
| Shampoo | $1.17 | $1.06 |
| Movie | $9.91 | $10.68 |
| Bowling | $13.05 | $14.67 |
| Haircut | $21.11 | $18.62 |
| Beauty Salon | $29.43 | $39.05 |
Detailed Torrington Groceries Costs Vs. Wyoming
| Item | Torrington | Wyoming |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.57 | $1.39 |
| Milk | $2.45 | $2.05 |
| Potatoes | $4.26 | $3.29 |
| Pizza | $11.48 | $10.62 |
| Beer | $9.67 | $9.38 |
| Toothpaste | $2.2 | $2.34 |
Detailed Torrington Health Costs Vs. Wyoming
| Item | Torrington | Wyoming |
|---|---|---|
| Optometrist | $137.99 | $108.57 |
| Doctor | $105.98 | $116.17 |
| Dentist | $87.0 | $99.13 |
Detailed Torrington Transportation Costs Vs. Wyoming
| Item | Torrington | Wyoming |
|---|---|---|
| Gasoline | $1.99 | $2.22 |
| Tire Balancing | $39.04 | $50.07 |
Detailed Torrington Utilities Costs Vs. Wyoming
| Item | Torrington | Wyoming |
|---|---|---|
| All Electricity | $127.89 | $167.67 |
| Phone | $180.97 | $175.64 |
Torrington SnackAbility
/10
Cost Of Living In Cities Around Torrington
The cost of living varies in the cities and towns around Torrington. Here's a quick look at the cost of living in the most populous nearby places:
Scottsbluff, NE has a cost of living index of 86, 1.0x Torrington.
Gering, NE has a cost of living index of 87, 1.0x Torrington.
| City | Population | Cost Of Living | Vs. Torrington |
|---|---|---|---|
| Scottsbluff, NE | 14,511 | 86 | 1.0x |
| Gering, NE | 8,521 | 87 | 1.0x |
