Cost of Living in Rafter J Ranch, WY

With a cost of living index of 198, Rafter J Ranch, WY is one of the most expensive cities in the United States. Living here is 98% more expensive than the national average and 108% above the Wyoming state average of 90. Rafter J Ranch is a small community of 1,202 residents.

Housing costs are the biggest factor in Rafter J Ranch's cost of living. The median monthly rent is $2,514 (91% above the US median of $1,319), and the median home value sits at $1,092,800 (258% above the national median of $304,900). At current prices, the median home costs roughly 7.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Rafter J Ranch is $151,429, which is 102% higher than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.