Cost of Living in Bear River, WY

With a cost of living index of 103, Bear River, WY is somewhat more expensive than average. Living here is 3% more expensive than the national average and 12% above the Wyoming state average of 90. Bear River is a small community of 835 residents.

Housing costs are the biggest factor in Bear River's cost of living. The median monthly rent is $1,425 (8% above the US median of $1,319), and the median home value sits at $330,300 (8% above the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Bear River is $118,185, which is 57% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.