Cost of Living in Wright, WY

With a cost of living index of 82, Wright, WY is a very affordable place to live. Living here is 18% cheaper than the national average and 9% below the Wyoming state average of 90. Wright is a small community of 1,400 residents.

Housing costs are the biggest factor in Wright's cost of living. The median monthly rent is $1,037 (21% below the US median of $1,319), and the median home value sits at $218,500 (28% 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 Wright is $86,115, which is 15% higher than the national median of $75,149. Residents spend roughly 14% 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.