Wyoming Cost of Living Index for the Second Quarter of 2019

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The State of Wyoming, Economic Analysis Division has released the second quarter of 2019 Wyoming Cost of Living Index (WCLI). Inflation is reported for the State, by consumer category, and for five regions in the State. Inflation measures year-over-year price changes in six consumer categories. The inflation figures for the second quarter of 2019 represent the percent change in the price level of a standard basket of selected consumer items priced in the second quarter of 2019, compared with the price level of the same goods recorded one year ago (second quarter of 2018).

The report states that statewide inflation across all categories averages 2%. Medical  costs saw a 5% increase, while recreation and personal care costs dropped .3%.

The Northeast region of Campbell, Crook, Johnson, Sheridan, and Weston counties saw the biggest cost of living increase, at 2.3%. (Converse, Fremont, and Natrona counties also saw a 2.3% increase.) Comparatively, the nationwide inflation rate was 1.6% over the past year.

Wyoming’s Cost of Living index comprises both inflation, and a comparison between Wyoming counties. Teton County, for instance, had a 61% higher cost of living index in 2019, compared to the rest of Wyoming. Campbell County’s cost of living is 1% higher than the rest of the state.

The report also revealed that the average apartment cost in Campbell County for 2019 is $696, a 5.4% increase from last year. Average house rental price is $1115, up 1.3% from last year.

Brenda

Brenda

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