Cost of Living in Star Valley Ranch, WY

With a cost of living index of 121, Star Valley Ranch, WY is a notably expensive place to live. Living here is 21% more expensive than the national average and 31% above the Wyoming state average of 90. Star Valley Ranch is a small community of 2,107 residents.

Housing costs are the biggest factor in Star Valley Ranch's cost of living. The median monthly rent is $1,646 (25% above the US median of $1,319), and the median home value sits at $471,000 (54% above the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Star Valley Ranch is $96,218, which is 28% higher than the national median of $75,149. Residents spend roughly 21% 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.