Cost of living in Powell 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 Powell 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 Powell is 95, with 100 being the average.
The cost of living index in Powell is 0.9x lower than the national average.
Powell ranks as the #5 cheapest in Wyoming out of 18.
Powell ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Powell is $211,900.
The median income in Powell is $60,210.
According to the most recent data on the cost of living, Powell has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Wyoming, Powell has a cost of living index that's 1.0x higher than Wyoming's index of 92.
The standard of living in Powell ranks as #5 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Powell ranks as the #13 most expensive place in the Equality State.
For more reading on life in Powell, check out:
Six factors go into calculating the cost of living index in Powell. Here is how it fairs on each of the criteria:
The Services index in Powell is 104.
The Groceries index in Powell is 101.
The Health index in Powell is 94.
The Housing index in Powell is 88.
The Transportation index in Powell is 95.
The Utilities index in Powell is 89.
|Living Expense||Powell||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 Powell is $211,900.
The Median Rent in Powell is $809.
The Median Income in Powell is $60,210.
The Home Value To Income in Powell is 3.5x.
The Rent To Monthly Income in Powell is 0.16x.
|Median Home Value||$211,900||$237,900||$244,900|
|Home Value To Income||3.5x||3.5x||3.5x|
|Rent To Monthly Income||0.16x||0.15x||0.2x|