Cost of Living in Mills, WY

Population 4,315 · Wyoming · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Mills a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $167,000.

Geographically, Mills lies roughly 175 miles northwest of the nearest major metro, Fort Collins. Median home values run roughly 70% lower than Fort Collins' $548,000.

Cost Overview

Housing 55
Rent 80

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Mills

The median home value in Mills is $166,800 — 45% below the national median of $305,000. Median rent runs $1,047/month, 20% lower than the national median of $1,314/month. The median household income of $55,594/year is 25% lower than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Wyoming charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 59.7°F and lows of 31.5°F, with about 71.8" of annual snowfall. Overall, Mills has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$166,800
45% below avg
Median Rent
$1,047/mo
20% below avg
Price-to-Rent Ratio
13.3x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$746
1 BR
$770
2 BR
$979
3 BR
$1,307
4 BR
$1,615
Owner-occupied 74.4%
Renter-occupied 25.6%

💰 Estimated Monthly Budget

Rent median rent
$1,047
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,661/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.3%

Commute Mode

Drove alone
81.8%
Carpooled
9.6%
Public transit
0.6%
Walked
1.7%
Work from home
4.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 5.3%
State rate 4.0%
Avg local rate 1.3%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$55,594
25% below avg
Per Capita Income
$31,081
Unemployment Rate
4.4%
8% below avg
Poverty Rate
10.0%
Labor Force Participation
65.1%

🎓 Education

Bachelor's degree+ 7.9%
Graduate degree 4.2%

👥 Demographics

Median Age 37.5
Male median age 37.9
Female median age 36.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.7°F
Avg Low
31.5°F
Annual Precip
12.2"
Annual Snowfall
71.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353849566780898776604635
Low °F 151523283745535142312215
Precip" 0.490.560.841.412.211.341.190.790.951.190.640.61
Snow" 9.010.910.310.52.60.10.00.01.57.08.911.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
94.2%
Good air days/yr
102
Max AQI recorded
23
PM2.5 days
338
Ozone days

Frequently Asked Questions

What is the cost of living in Mills, WY?

Mills has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Mills, WY?

The median gross rent in Mills is $1,047 per month based on 2023 Census data.

What is the average home price in Mills?

The median home value in Mills is $166,800 according to 2023 Census ACS data.

What is the median income in Mills?

The median household income in Mills is $55,594 per year (2023 ACS 5-year estimates).

What is the sales tax in Mills, WY?

The combined state and local sales tax rate in Mills is 5.3%. Wyoming has no state income tax.

Is Mills, WY affordable?

Yes, Mills is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

What is the weather like in Mills?

Mills has average high temperatures of 59.7°F and average lows of 31.5°F. Annual precipitation is 12.2". Average annual snowfall is 71.8". Data from NOAA 1991–2020 Climate Normals.

Mills at a Glance

Population
4,315
Median Income
$55,594
Home Value
$166,800
Median Rent
$1,047/mo
Unemployment
4.4%
Avg High Temp
59.7°F
Sales Tax
5.3%
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🗺️ County data for Wyoming

Explore county-level cost of living data

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