Total monthly cost of ownership
Cost to Own a Home in Mills, Wyoming
A $167,000 home here costs
$1,346per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $487 higher every month — 57% 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.
Mills against Natrona County and Wyoming
| Measure | Mills | Natrona County |
|---|---|---|
| Median home value | $166,800 | $260,400 |
| Median property tax | $1,036 | $1,608 |
| Effective tax rate | 0.621% | 0.618% |
| Median gross rent | $1,047 | $973 |
| Population | 4,315 | 79,735 |
The weather behind that power bill
Mills sits in Natrona County, which averages a high of 89.0°F in its hottest month and a low of 14.8°F in its coldest, with 12.22" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 443 cooling and 7,485 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Natrona County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Natrona County
Full Natrona County cost breakdown · Every county in Wyoming
Common questions
How much does it cost to own a home in Mills?
A $167,000 home in Mills, Wyoming costs approximately $1,346 per month with 20% down at 6.66%. That is $859 principal and interest, $86 property tax, $61 homeowners insurance, $201 utilities and $139 set aside for maintenance.
What is the property tax rate in Mills?
Mills has an effective property tax rate of 0.621%, based on a median home value of $166,800 and median real estate taxes of $1,036. That is in line with the Natrona County average of 0.618%.
What is the average home price in Mills?
The median owner-occupied home value in Mills, Wyoming is $166,800, against $260,400 across Natrona County.
Is it cheaper to rent or buy in Mills?
Median gross rent in Mills is $1,047 a month, against $1,346 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 Mills — 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.