Cost of Living in Hanna, WY

With a cost of living index of 82, Hanna, WY is a very affordable place to live. Living here is 18% cheaper than the national average and 8% below the Wyoming state average of 90. Hanna is a small community of 839 residents.

Housing costs are the biggest factor in Hanna's cost of living. The median monthly rent is $1,317 (0% below the US median of $1,319), and the median home value sits at $121,100 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Hanna is $56,962, which is 24% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.