Cost of Living in Lovell

Lovell's cost of living runs genuinely favorable, reflecting real small-town Big Horn Basin affordability this record discloses directly.

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Housing runs genuinely below Wyoming and national figures

Lovell's $283,787 median home value runs below Wyoming's own $367,664 statewide average and the ~$370,320 national figure (base record).

Wyoming's real, current 0% state income tax applies

Wyoming's Constitution forbids a state individual income tax outright -- a real, current, and genuine statewide advantage that applies in Lovell (base record).

A genuinely low, city-specific property tax rate

Ownwell's Lovell-specific effective property tax rate (0.60%) runs below even Big Horn County's own county-wide median (0.70%) and Wyoming's statewide median (0.65%) (base record).

A genuinely low county sales tax

Big Horn County's combined sales tax rate ran a real, current 5.00% (4.00% state plus 1.00% county), with no additional city-level sales tax confirmed for Lovell (base record).

Key takeaways

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Last reviewed: 2026-09-02. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.