Living in Cody, WY

Park County

Cody was founded in 1896 by William Frederick 'Buffalo Bill' Cody and is a real, current center of Western heritage tourism -- self-styled the 'Rodeo Capital of the World,' home to the Cody Nite Rodeo (the longest-running nightly rodeo in the United States) and the Buffalo Bill Center of the West museum complex. Cody sits roughly 50 miles from Yellowstone National Park's East Entrance, making it a real, genuine gateway community whose economy runs substantially on Yellowstone-bound tourism. Cody carries a real, disclosed genuinely wide cross-source housing-price spread (from a $272,000 sold-price citation to a $464,142 Zillow-style typical home value) this record does not resolve to a single flattering number. Wyoming's constitutionally absolute lack of a state income tax and a genuinely low Park County property tax rate (approximately 0.57%) both apply directly. Cody's crime picture runs genuinely favorable -- cited as Wyoming's #2 safest city for 2026 -- and Park County School District No. 6 carries a solid Niche overall grade of B. Cody is served by West Park Hospital (Cody Regional Health), a critical access hospital.

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Housing

Median sale price$464,142

Taxes

Local effective property tax rate0.57%

Not independently sourced at the Park County level this session. Wyoming carries no income tax statewide. See the Wyoming hub page for the statewide property tax context -- do not treat that figure as Cody-specific.

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The tradeoffs

Pros

A real, distinctive Western-heritage and Yellowstone-gateway community with genuinely low crime, Wyoming's no-income-tax structure, a low effective property tax rate, and a solid B-grade school district -- alongside a genuine mountain-and-outdoor-recreation setting.

Cons

Cody's housing market carries a real, disclosed wide cross-source price spread that makes budgeting harder than in more consistently reported markets, and this pass's research found a genuinely contradictory overall cost-of-living picture (roughly national-average to modestly above-average, depending on source). Rental inventory runs genuinely thin.

Who this fits

Best for: Best fits movers drawn to a genuine Western-heritage, mountain, and outdoor-recreation lifestyle near Yellowstone, who prioritize low crime and a solid school district and are comfortable navigating a somewhat unsettled, cross-source housing-price picture.

Maybe not for you if: Probably not the right fit for movers who need a single, tightly confirmed housing-price figure to budget precisely, or who are seeking the very lowest-cost Wyoming market -- Cody's overall cost of living ran cited as modestly above the national average in some sources reviewed this pass.

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Last reviewed: 2026-09-02. Independent research; see individual metric entries above for source attribution. This is not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.