Cost of living in Casper 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 Casper 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 Casper is 97, with 100 being the average.
The cost of living index in Casper is 1.0x lower than the national average.
Casper ranks as the #7 cheapest in Wyoming out of 18.
Casper ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Casper is $215,400.
The median income in Casper is $61,657.
According to the most recent data on the cost of living, Casper has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Wyoming, Casper has a cost of living index that's 1.1x higher than Wyoming's index of 92.
The standard of living in Casper ranks as #7 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Casper ranks as the #11 most expensive place in the Equality State.
For more reading on life in Casper, check out:
Six factors go into calculating the cost of living index in Casper. Here is how it fairs on each of the criteria:
The Services index in Casper is 109.
The Groceries index in Casper is 98.
The Health index in Casper is 100.
The Housing index in Casper is 99.
The Transportation index in Casper is 87.
The Utilities index in Casper is 89.
|Living Expense||Casper||Wyoming||National Average|
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 Casper is $215,400.
The Median Rent in Casper is $899.
The Median Income in Casper is $61,657.
The Home Value To Income in Casper is 3.5x.
The Rent To Monthly Income in Casper is 0.17x.
|Median Home Value||$215,400||$237,900||$244,900|
|Home Value To Income||3.5x||3.5x||3.5x|
|Rent To Monthly Income||0.17x||0.15x||0.2x|