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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Hot Springs County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hot Springs County ranks #1,236 of 3,142 counties for affordability (top 39%)
Sourced county brief
Hot Springs County GRAPI Reaches 28.7 Percent in Latest ACS Estimate
The median gross rent as a percentage of household income (GRAPI) in Hot Springs County was 28.7%, according to official ACS table B25071. This official GRAPI figure is 3.7 percentage points above the Wyoming unweighted county mean of 25.0%. The median gross rent for the county was estimated at $887 per month, which is below the state unweighted county mean of $941. Owners of occupied units faced median monthly owner costs of $683, a figure that is $353 below the state unweighted county mean of $1,036. The median value of owner-occupied homes in the county was $227,500, while the state unweighted county mean was $346,991. Among renter households, the median income was $24,878. These figures represent the housing cost landscape during the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Hot Springs County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.7% of renter household income in Hot Springs County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $887 per month; median selected monthly owner costs are $683. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Wyoming unweighted mean of county median rents is $941 per month. Hot Springs County's $887 median is 5.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Hot Springs County
Rent Burden
17.4%
of gross income
Max Housing (28% Rule)
$1,429
per month
Owner Cost Burden
13.4%
of gross income
The median home in Hot Springs County may be a stretch
Median home value is $227,500. Estimated monthly cost: $1,816 vs. your max of $1,429.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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