Cost of living in Lander 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 Lander 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 Lander is 101, with 100 being the average.
The cost of living index in Lander is 1.0x higher than the national average.
Lander ranks as the #8 cheapest in Wyoming out of 17.
Lander ranks as the #2,735 cheapest out of 6,489 in the US.
The median home value in Lander is $362,036.
The median income in Lander is $71,601.
According to the most recent data on the cost of living, Lander has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Wyoming, Lander has a cost of living index that's 1.0x higher than Wyoming's index of 97.
The standard of living in Lander ranks as #8 most affordable out of the 17 places we measured in Wyoming. By definition, that implies Lander ranks as the #9 most expensive place in the Equality State.
For more reading on life in Lander, check out:
Six factors go into calculating the cost of living index in Lander. Here is how it fairs on each of the criteria:
The Services index in Lander is 98.
The Groceries index in Lander is 103.
The Health index in Lander is 95.
The Housing index in Lander is 119.
The Transportation index in Lander is 92.
The Utilities index in Lander is 86.
| Living Expense | Lander | Wyoming | National Average | |
|---|---|---|---|---|
| Overall | 101 | 97 | 100 | |
| Services | 98 | 99 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 95 | 101 | 100 | |
| Housing | 119 | 100 | 100 | |
| Transportation | 92 | 92 | 100 | |
| Utilities | 86 | 88 | 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 2019-2023. The key points are:
The Median Home Value in Lander is $362,036.
The Median Rent in Lander is $870.
The Median Income in Lander is $71,601.
The Home Value To Income in Lander is 5.1x.
The Rent To Monthly Income in Lander is 0.15x.
The cost of living varies in the cities and towns around Lander. Here's a quick look at the cost of living in the most populous nearby places:
Riverton, WY has a cost of living index of 93, 0.9x Lander.
| City | Population | Cost Of Living | Vs. Lander |
|---|---|---|---|
| Riverton, WY | 10,803 | 93 | 0.9x |