Total monthly cost of ownership
Cost to Own a Home in Wyoming, Illinois
A $106,000 home here costs
$1,104per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $559 higher every month — 103% 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.
Wyoming against Stark County and Illinois
| Measure | Wyoming | Stark County |
|---|---|---|
| Median home value | $105,700 | $103,500 |
| Median property tax | $1,761 | $1,700 |
| Effective tax rate | 1.666% | 1.643% |
| Median gross rent | $686 | $765 |
| Population | 1,532 | 5,324 |
The weather behind that power bill
Wyoming sits in Stark County, which averages a high of 83.7°F in its hottest month and a low of 13.8°F in its coldest, with 39.58" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 829 cooling and 6,407 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Stark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stark County
Common questions
How much does it cost to own a home in Wyoming?
A $106,000 home in Wyoming, Illinois costs approximately $1,104 per month with 20% down at 6.66%. That is $545 principal and interest, $147 property tax, $42 homeowners insurance, $282 utilities and $88 set aside for maintenance.
What is the property tax rate in Wyoming?
Wyoming has an effective property tax rate of 1.666%, based on a median home value of $105,700 and median real estate taxes of $1,761. That is higher than the Stark County average of 1.643%.
What is the average home price in Wyoming?
The median owner-occupied home value in Wyoming, Illinois is $105,700, against $103,500 across Stark County.
Is it cheaper to rent or buy in Wyoming?
Median gross rent in Wyoming is $686 a month, against $1,104 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 Wyoming — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Illinois.
- 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.