Total monthly cost of ownership
Cost to Own a Home in Saratoga, Wyoming
A $268,000 home here costs
$2,011per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,378. The real number is $633 higher every month — 46% 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.
Saratoga against Carbon County and Wyoming
| Measure | Saratoga | Carbon County |
|---|---|---|
| Median home value | $267,600 | $214,500 |
| Median property tax | $1,340 | $1,202 |
| Effective tax rate | 0.501% | 0.560% |
| Median gross rent | $950 | $894 |
| Population | 1,864 | 14,549 |
The weather behind that power bill
Saratoga sits in Carbon County, which averages a high of 85.1°F in its hottest month and a low of 12.8°F in its coldest, with 9.04" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 224 cooling and 8,168 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Carbon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carbon County
Common questions
How much does it cost to own a home in Saratoga?
A $268,000 home in Saratoga, Wyoming costs approximately $2,011 per month with 20% down at 6.66%. That is $1,378 principal and interest, $112 property tax, $97 homeowners insurance, $201 utilities and $223 set aside for maintenance.
What is the property tax rate in Saratoga?
Saratoga has an effective property tax rate of 0.501%, based on a median home value of $267,600 and median real estate taxes of $1,340. That is lower than the Carbon County average of 0.560%.
What is the average home price in Saratoga?
The median owner-occupied home value in Saratoga, Wyoming is $267,600, against $214,500 across Carbon County.
Is it cheaper to rent or buy in Saratoga?
Median gross rent in Saratoga is $950 a month, against $2,011 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 Saratoga — 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.