Cost of Living in Powell, WY

Population 6,466 · Wyoming · Data vintage 2023

78
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Powell sits on the smaller end of the Wyoming city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 70 miles south of Billings, Powell is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 15% lower than Billings' $312,000.

Cost Overview

Housing 87
Rent 65

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

About the Cost of Living in Powell

The median home value in Powell is $265,400 — 13% below the national median of $305,000. Median rent runs $856/month, 35% lower than the national median of $1,314/month. The median household income of $65,077/year is 13% lower than the US median of $74,580. The local unemployment rate is 3.7%, 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 59.9°F and lows of 32.6°F. Overall, Powell has a cost of living index of 78 versus the US average of 100, meaning it is 22% less expensive.

🏠 Housing

Median Home Value
$265,400
13% below avg
Zillow Home Value
$394,103
Zillow ZHVI
Median Rent
$856/mo
35% below avg
Price-to-Rent Ratio
25.8x
Favors renting
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 68.3%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$856
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,470/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
16.9 min
37% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.5%

Commute Mode

Drove alone
73.7%
Carpooled
11.3%
Public transit
0.4%
Walked
9.4%
Bicycle
0.7%
Work from home
4.5%

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
$65,077
13% below avg
Per Capita Income
$38,240
Unemployment Rate
3.7%
23% below avg
Poverty Rate
13.7%
Labor Force Participation
53.4%

🎓 Education

Bachelor's degree+ 21.9%
Graduate degree 11.0%

👥 Demographics

Median Age 33.5
Male median age 31.8
Female median age 34.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.9°F
Avg Low
32.6°F
Annual Precip
5.5"
25° 50° 75° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293651607081918977604431
Low °F 6122533445358564533198
Precip" 0.150.120.220.531.331.080.160.230.830.600.190.11

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 14 — Good
95.3%
Good air days/yr
122
Max AQI recorded
360
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
13.6:1
Student-teacher ratio
7
Public schools
1,821
Total enrollment

Frequently Asked Questions

What is the cost of living in Powell, WY?

Powell has a cost index of 78 (100 = national average). It is 22% below the national average.

What is average rent in Powell, WY?

The median gross rent in Powell is $856 per month based on 2023 Census data.

What is the average home price in Powell?

The median home value in Powell is $265,400 according to Zillow and Census data.

What is the median income in Powell?

The median household income in Powell is $65,077 per year (2023 ACS 5-year estimates).

What is the sales tax in Powell, WY?

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

Is Powell, WY affordable?

Yes, Powell is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.

What is the weather like in Powell?

Powell has average high temperatures of 59.9°F and average lows of 32.6°F. Annual precipitation is 5.5". Data from NOAA 1991–2020 Climate Normals.

Powell at a Glance

Population
6,466
Median Income
$65,077
Home Value
$265,400
Median Rent
$856/mo
Unemployment
3.7%
Avg High Temp
59.9°F
Sales Tax
5.3%
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Explore county-level cost of living data

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