Cost of Living in Hot Springs County, Wyoming
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hot Springs County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Hot Springs County, Wyoming
Hot Springs: Slightly Stretched Nationally
Hot Springs County renters spend 18.2% of their income on housing, above the national benchmark of roughly 14% but closer than many rural counties nationwide. The median household income of $64,375 falls short of the national average of $74,755, putting residents in a tighter squeeze than typical American households.
Middle of the Pack in Wyoming
Hot Springs' 18.2% rent-to-income ratio ranks above Wyoming's state average of 15.5%, reflecting higher-than-average housing cost pressure. Among Wyoming's eight surveyed counties, Hot Springs falls in the moderate affordability band, neither the most nor least strained.
Competing with Regional Housing Markets
At $976/month for median rent, Hot Springs tracks slightly above the state average of $937 and sits between similar-sized Wyoming counties. Median home values of $214,400 are relatively modest regionally, offering more accessible ownership pathways than neighbors like Laramie County ($324,900).
Where Hot Springs Income Goes
Renters dedicate $976 monthly to housing while homeowners pay $586 in monthly ownership costs—a 16-point gap that rewards building equity early. With median household income of $64,375 annually, a typical renter household spends 18.2% of gross income on housing, leaving limited budget cushion for other essentials.
Consider Hot Springs If You Value Balance
Hot Springs offers modest rent and home prices compared to wealthier Wyoming counties, making it worth exploring if you're relocating from the coasts or high-growth metros. Run the numbers: at $976/month rent versus ownership costs of $586, first-time homebuyers may find unexpected affordability in this quiet corner of Wyoming.
Affordability Calculator
See how your income compares to housing costs in Hot Springs County
Rent Burden
18.2%
of gross income
Max Housing (28% Rule)
$1,502
per month
Owner Cost Burden
10.9%
of gross income
The median home in Hot Springs County may be a stretch
Median home value is $214,400. Estimated monthly cost: $1,712 vs. your max of $1,502.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.