Cost of Living in Hulett, WY

With a cost of living index of 66, Hulett, WY is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 24% below the Wyoming state average of 90. Hulett is a small community of 445 residents.

Housing costs are the biggest factor in Hulett's cost of living. The median monthly rent is $628 (52% below the US median of $1,319), and the median home value sits at $177,500 (42% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Hulett is $71,078, which is 5% lower than the national median of $75,149. Residents spend roughly 11% 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.