Cost of Living in Chugwater, WY

With a cost of living index of 80, Chugwater, WY is a very affordable place to live. Living here is 20% cheaper than the national average and 11% below the Wyoming state average of 90. Chugwater is a small community of 200 residents.

Housing costs are the biggest factor in Chugwater's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $254,400 (17% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Chugwater is $66,016, which is 12% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.