Total monthly cost of ownership
Cost to Own a Home in Thermopolis, Wyoming
A $202,000 home here costs
$1,579per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,038. The real number is $541 higher every month — 52% 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.
Thermopolis against Hot Springs County and Wyoming
| Measure | Thermopolis | Hot Springs County |
|---|---|---|
| Median home value | $201,600 | $214,400 |
| Median property tax | $1,177 | $1,202 |
| Effective tax rate | 0.584% | 0.561% |
| Median gross rent | $892 | $976 |
| Population | 2,716 | 4,618 |
The weather behind that power bill
Thermopolis sits in Hot Springs County, which averages a high of 91.8°F in its hottest month and a low of 11.5°F in its coldest, with 11.95" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 737 cooling and 6,690 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Hot Springs County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hot Springs County
No other places of this size are published in Hot Springs County.
Full Hot Springs County cost breakdown · Every county in Wyoming
Common questions
How much does it cost to own a home in Thermopolis?
A $202,000 home in Thermopolis, Wyoming costs approximately $1,579 per month with 20% down at 6.66%. That is $1,038 principal and interest, $98 property tax, $73 homeowners insurance, $201 utilities and $168 set aside for maintenance.
What is the property tax rate in Thermopolis?
Thermopolis has an effective property tax rate of 0.584%, based on a median home value of $201,600 and median real estate taxes of $1,177. That is higher than the Hot Springs County average of 0.561%.
What is the average home price in Thermopolis?
The median owner-occupied home value in Thermopolis, Wyoming is $201,600, against $214,400 across Hot Springs County.
Is it cheaper to rent or buy in Thermopolis?
Median gross rent in Thermopolis is $892 a month, against $1,579 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 Thermopolis — 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.