Total monthly cost of ownership
Cost to Own a Home in Gillette, Wyoming
A $257,000 home here costs
$1,950per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,321. The real number is $629 higher every month — 48% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gillette against Campbell County and Wyoming
| Measure | Gillette | Campbell County |
|---|---|---|
| Median home value | $257,200 | $266,400 |
| Median property tax | $1,443 | $1,465 |
| Effective tax rate | 0.561% | 0.550% |
| Median gross rent | $922 | $952 |
| Population | 33,278 | 47,018 |
The weather behind that power bill
Gillette sits in Campbell County, which averages a high of 87.0°F in its hottest month and a low of 14.3°F in its coldest, with 13.58" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 519 cooling and 7,497 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Campbell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Campbell County
Full Campbell County cost breakdown · Every county in Wyoming
Common questions
How much does it cost to own a home in Gillette?
A $257,000 home in Gillette, Wyoming costs approximately $1,950 per month with 20% down at 6.66%. That is $1,321 principal and interest, $120 property tax, $93 homeowners insurance, $201 utilities and $214 set aside for maintenance.
What is the property tax rate in Gillette?
Gillette has an effective property tax rate of 0.561%, based on a median home value of $257,200 and median real estate taxes of $1,443. That is higher than the Campbell County average of 0.550%.
What is the average home price in Gillette?
The median owner-occupied home value in Gillette, Wyoming is $257,200, against $266,400 across Campbell County.
Is it cheaper to rent or buy in Gillette?
Median gross rent in Gillette is $922 a month, against $1,950 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gillette — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Wyoming.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.