Total monthly cost of ownership
Cost to Own a Home in Lusk, Wyoming
A $164,000 home here costs
$1,344per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $57,500 a year.
A standard mortgage calculator would have told you $894. The real number is $449 higher every month, 50% more than the payment most buyers budget for.
Compare Niobrara County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lusk from a five-year rolling sample, and with about 1,482 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Niobrara County figures are drawn from a far larger sample if you want a steadier number.
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 $125 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
Talk to someone who works this market
These are Lusk averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Lusk every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Lusk?
A $164,000 home in Lusk, Wyoming costs approximately $1,344 per month with 20% down at 7.24%. That is $894 principal and interest, $61 property tax, $59 homeowners insurance, $193 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 $1,344 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lusk?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lusk, Wyoming at today's rate takes a household income of roughly $57,500 a year. That covers the full $1,344 monthly cost, not just the mortgage payment.
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.