Cost Of Living in Ranchettes, WY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Ranchettes	Wyoming	National
Cost of living	120	98	100
Goods & Services	101	98	100
Groceries	103	102	100
Health care	103	100	100
Housing	169	101	100
Transportation	97	94	100
Utilities	87	88	100

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Cost Of Living Quick Facts

The cost of living in Ranchettes is 22% higher than the Wyoming average
The cost of living in Ranchettes is 20% higher than the national average
Ranchettes housing is 69% higher than the national average
Wyoming general sales tax is 22% lower than the national average
Wyoming state income tax is 100% lower than the national average

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$108,632	$9,053	$2,535	$3,259
Renters	$39,095	$3,258	$912	$1,173

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Ranchettes, WY, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Ranchettes homeowners, is $108,632. This would allow for a maximum of $2,535 per month to be spent on housing costs. For renters, the median monthly income is $39,095 which would result in a maximum of $912 to be spent on rental costs.

Wyoming Sales Tax

State	General Sales Tax	With Max Surtax
Wyoming	4%	6%

Wyoming Income Tax

State	Income Tax (Low)	Income Tax (High)
Wyoming	0%	0%

Goods & Services

Item	Ranchettes	National avg.	Difference
Haircut	$28.69	$24.26	18.3%
Beauty Salon	$33.98	$45.56	25.4%
Toothpaste	$3.63	$3.70	1.9%
Shampoo	$1.23	$1.28	3.7%
Movie	$10.98	$12.13	9.5%
Bowling	$15.17	$18.00	15.7%

Groceries

Item	Ranchettes	National avg.	Difference
Ground Beef	$5.98	$5.84	2.4%
Fried Chicken	$1.41	$1.57	10.6%
Milk	$4.67	$4.67	0.1%
Potatoes	$4.44	$4.93	10.0%
Pizza	$12.23	$12.09	1.2%
Beer	$10.49	$10.41	0.7%

Health Care

Item	Ranchettes	National avg.	Difference
Optometrist	$191.47	$125.68	52.3%
Doctor	$140.63	$135.78	3.6%
Dentist	$107.16	$113.29	5.4%
Ibuprofen	$10.59	$10.65	0.6%
Lipitor	$485.12	$468.60	3.5%

Housing

Item	Ranchettes	National avg.	Difference
Home Price	$406,900.00	$184,700.00	120.3%
Avg. Mortgage Payment	$2,154.34	$2,346.69	8.2%
Apartment Rent	$474.00	$949.00	50.1%

Transportation

Item	Ranchettes	National avg.	Difference
Gasoline	$3.32	$3.46	4.0%
Tire Balancing	$59.30	$59.92	1.0%

Utilities

Item	Ranchettes	National avg.	Difference
All Electricity	$154.32	$193.99	20.5%
Phone	$187.74	$192.25	2.3%

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	Population	Cost of Living Index	National Avg.
South Greeley, WY	4,473	88	12.1%
Fox Farm-College, WY	4,105	102	1.7%
Cheyenne, WY	64,099	104	3.5%
Warren AFB, WY	2,997	108	7.8%
Ranchettes, WY	6,384	120	19.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Islamorada, Village of Islands, FL	6,384	170	69.7%
Belpre, OH	6,387	89	11.1%
West Yarmouth, MA	6,388	127	27.1%
Horseheads, NY	6,388	95	5.3%
Laurel Bay, SC	6,388	100	0.1%
Ranchettes, WY	6,384	120	19.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Ranchettes, WY