Cost of Living in Burns, WY

With a cost of living index of 98, Burns, WY is right around the national average in cost. Living here is 2% cheaper than the national average and 8% above the Wyoming state average of 90. Burns is a small community of 365 residents.

Housing costs are the biggest factor in Burns's cost of living. The median monthly rent is $1,639 (24% above the US median of $1,319), and the median home value sits at $198,500 (35% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Burns is $49,851, which is 34% lower than the national median of $75,149. Residents spend roughly 39% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Everyday prices in the Cheyenne, WY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.