Cost of living in Worland 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 Worland 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 Worland is 91, with 100 being the average.
The cost of living index in Worland is 0.9x lower than the national average.
Worland ranks as the #2 cheapest in Wyoming out of 18.
Worland ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Worland is $162,700.
The median income in Worland is $64,815.
According to the most recent data on the cost of living, Worland has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Wyoming, Worland has a cost of living index that's 1.0x lower than Wyoming's index of 92.
The standard of living in Worland ranks as #2 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Worland ranks as the #16 most expensive place in the Equality State.
For more reading on life in Worland, check out:
Six factors go into calculating the cost of living index in Worland. Here is how it fairs on each of the criteria:
The Services index in Worland is 109.
The Groceries index in Worland is 101.
The Health index in Worland is 99.
The Housing index in Worland is 63.
The Transportation index in Worland is 85.
The Utilities index in Worland is 90.
|Living Expense||Worland||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 Worland is $162,700.
The Median Rent in Worland is $607.
The Median Income in Worland is $64,815.
The Home Value To Income in Worland is 2.5x.
The Rent To Monthly Income in Worland is 0.11x.
|Median Home Value||$162,700||$237,900||$244,900|
|Home Value To Income||2.5x||3.5x||3.5x|
|Rent To Monthly Income||0.11x||0.15x||0.2x|