Cost of Living in Cowley, WY

With a cost of living index of 85, Cowley, WY is a very affordable place to live. Living here is 15% cheaper than the national average and 5% below the Wyoming state average of 90. Cowley is a small community of 801 residents.

Housing costs are the biggest factor in Cowley's cost of living. The median monthly rent is $1,100 (17% below the US median of $1,319), and the median home value sits at $239,000 (22% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Cowley is $78,456, which is 4% higher than the national median of $75,149. Residents spend roughly 17% 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.