Cost of Living in Ranchettes, WY

With a cost of living index of 98, Ranchettes, WY is right around the national average in cost. Living here is 2% cheaper than the national average and 8% above the Wyoming state average of 90. Ranchettes is a smaller community of 6,389 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Ranchettes's cost of living. The median monthly rent is $658 (50% below the US median of $1,319), and the median home value sits at $560,900 (84% above the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ranchettes is $124,426, which is 66% higher than the national median of $75,149. Residents spend roughly 6% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Cheyenne, WY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.