Total monthly cost of ownership
Cost to Own a Home in Lusk, Wyoming
A $164,000 home here costs
$1,301per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $458 higher every month — 54% 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.
Lusk against Niobrara County and Wyoming
| Measure | Lusk | Niobrara County |
|---|---|---|
| Median home value | $164,200 | $194,200 |
| Median property tax | $731 | $731 |
| Effective tax rate | 0.445% | 0.376% |
| Median gross rent | $590 | $775 |
| Population | 1,482 | 2,415 |
The weather behind that power bill
Lusk sits in Niobrara County, which averages a high of 90.0°F in its hottest month and a low of 11.5°F in its coldest, with 14.28" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 624 cooling and 7,331 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Niobrara County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Niobrara County
No other places of this size are published in Niobrara County.
Full Niobrara County cost breakdown · Every county in Wyoming
Common questions
How much does it cost to own a home in Lusk?
A $164,000 home in Lusk, Wyoming costs approximately $1,301 per month with 20% down at 6.66%. That is $843 principal and interest, $61 property tax, $59 homeowners insurance, $201 utilities and $137 set aside for maintenance.
What is the property tax rate in Lusk?
Lusk has an effective property tax rate of 0.445%, based on a median home value of $164,200 and median real estate taxes of $731. That is higher than the Niobrara County average of 0.376%.
What is the average home price in Lusk?
The median owner-occupied home value in Lusk, Wyoming is $164,200, against $194,200 across Niobrara County.
Is it cheaper to rent or buy in Lusk?
Median gross rent in Lusk is $590 a month, against $1,301 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 Lusk — 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.