diff --git a/setup.py b/setup.py
index 0558501..1cde19f 100644
--- a/setup.py
+++ b/setup.py
@@ -16,9 +16,19 @@
 from distutils.core import setup
 from setuptools import find_packages
 
+
+def get_version():
+    with open('src/packerlicious/version.py') as f:
+        for line in f.readlines():
+            if line.startswith("__version__"):
+                version = line.split()[-1].strip('"')
+                return version
+        raise AttributeError("{0} __version__ not found".format(f.name))
+
+
 setup(
     name='packerlicious',
-    version='0.5.0',
+    version=get_version(),
     author='Matthew Aynalem',
     author_email='maynalem@gmail.com',
     packages=find_packages('src'),
diff --git a/src/packerlicious/__init__.py b/src/packerlicious/__init__.py
index 9869049..714a1d6 100644
--- a/src/packerlicious/__init__.py
+++ b/src/packerlicious/__init__.py
@@ -18,8 +18,9 @@
 from thirdparty.troposphere import BaseAWSObject as BasePackerObject
 
 from .template import Template
+import version as version
 
-__version__ = "0.5.0"
+__version__ = version.__version__
 
 
 class Ref(AWSHelperFn):
diff --git a/src/packerlicious/version.py b/src/packerlicious/version.py
new file mode 100644
index 0000000..3d18726
--- /dev/null
+++ b/src/packerlicious/version.py
@@ -0,0 +1 @@
+__version__ = "0.5.0"