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2024 BEA RPP All 4 categories Federal source

Casper, WY

Cost-of-living indicators for Casper, WY, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 16220 · Data year: 2024 · Rank: #186 of 387

Casper, WY has a cost of living index of 93.8, meaning it's 6.2% less expensive than the national average. Goods cost 4.6% less, services 21.1% less, and rents are 25.8% below average. A $100K national salary has the purchasing power of $106,577 here.

What the Numbers Mean for Casper

Casper ranks #186 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the upper half by cost. With an overall Regional Price Parity of 93.8, Casper, WY is 6.2% less expensive than the national baseline of 100. The gap between Casper's most and least expensive categories — the priciest line item versus rents at 74.2 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $106,577 inside Casper, while a household needs roughly $93,829 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 74.2 — 25.8% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Casper's overall index has stayed within 1.5 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 95.4 and services at 78.9, meaning everyday spending in Casper is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Casper Cost Index at a Glance

Casper all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10093.8

Casper category breakdown

BEA RPP composition by goods, services, rents, overall

Rents74.189Services78.876Goods95.368Overall93.829

Price Index Summary

Overall

93.8

-6.2 below avg

Goods

95.4

-4.6 below avg

Services

78.9

-21.1 below avg

Rents

74.2

-25.8 below avg

Price Index vs National Average (100)

Overall
National avg

Index 93.8 (-6.2 vs national avg)

Goods
National avg

Index 95.4 (-4.6 vs national avg)

Services
National avg

Index 78.9 (-21.1 vs national avg)

Rents
National avg

Index 74.2 (-25.8 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -25.8% (74.2)
Services -21.1% (78.9)
Overall -6.2% (93.8)
Goods -4.6% (95.4)

Income Adequacy in Casper

Casper income adequacy score

$75,000 median income vs RPP 93.8

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$93,829

in Casper, WY purchasing power

$50,000 nationally
$46,915
$75,000 nationally
$70,372
$125,000 nationally
$117,286
$150,000 nationally
$140,744
$200,000 nationally
$187,658

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 1.5 points over this period.

Year Overall
2008 92.3
2009 97.1
2010 95.5
2011 97.9
2012 99.2
2013 99.3
2014 98.1
2015 95.2
2016 97.6
2017 98.2
2018 95.3
2019 93.3
2020 93.3
2021 91.3
2022 92.1
2023 92.5
2024 93.8

Metros with Similar Cost of Living

These metros have an overall RPP closest to Casper, WY's index of 93.8.

Related Data for Casper

Frequently Asked Questions

What is the cost of living in Casper, WY?
Casper, WY has a Regional Price Parity (RPP) index of 93.8, meaning it is 6.2% less expensive than the national average. Goods are indexed at 95.4, services at 78.9, and rents at 74.2. It ranks #186 out of 387 U.S. metro areas by overall cost.
What salary do I need in Casper, WY to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $93,829 in Casper, WY. Conversely, $100K earned in Casper, WY has the purchasing power of $106,577 at the national average.
How expensive is rent in Casper, WY?
Rents in Casper, WY are indexed at 74.2, which is 25.8% below the national average. This makes the area relatively affordable for renters.
Is Casper, WY getting more expensive?
From 2008 to 2024, Casper, WY's overall cost index changed by +1.5 points (from 92.3 to 93.8). The cost of living has remained relatively stable.
What metros have a similar cost of living to Casper, WY?
Metros with the most similar overall cost index include Warner Robins, Sherman-Denison, Odessa. These areas have RPP values within a few points of Casper, WY's 93.8.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page