Living in Thermopolis, WY

Hot Springs County

Thermopolis is the real, current Hot Springs County seat, in the Big Horn Basin of north-central Wyoming, built directly around the real, current 'World's Largest Mineral Hot Spring' at Hot Springs State Park -- Wyoming's oldest state park, created in 1897. The mineralized springs discharge over 3 million gallons of 135°F water daily, feeding a free State Bath House made freely accessible to the public as a direct result of an 1896 treaty with local Native American tribes; this record discloses honestly that a 2025 investigation found the 'world's largest' superlative unconfirmed by scientists or Guinness World Records, even while crediting the park's genuine scale. Thermopolis's approximately 2,709 residents (2019-2023 ACS estimate) support a genuinely diversified economy spanning education, healthcare, tourism, oil and gas, and agriculture, with a real, actively-growing outdoor-recreation trail network (13 miles, completed 2022) adding a further draw. Thermopolis's housing runs genuinely affordable -- this record discloses a real, wide cross-source spread ($157,600 to $325,000 depending on the metric and source), but every figure runs well below Wyoming's own statewide typical-value figures and the national median. Crime data runs genuinely favorable, and Wyoming's real, current no-state-income-tax structure applies fully in Thermopolis -- Hot Springs County's own effective property tax rate (0.69%) runs well below the national median.

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Housing

Median sale price$236,500

Taxes

Local effective property tax rate0.69%

Not independently sourced at the Hot Springs County level this session. Wyoming carries no income tax statewide. See the Wyoming hub page for the statewide property tax context -- do not treat that figure as Thermopolis-specific.

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The tradeoffs

Pros

A real, genuinely distinctive hot-springs town with a well-documented, historic identity, genuinely affordable housing, low crime, a diversified local economy (tourism, healthcare, oil and gas, agriculture), and Wyoming's real, current combination of no state income tax and a below-national-median property tax rate. A genuinely sunny, comparatively dry Big Horn Basin climate for a Wyoming town.

Cons

Thermopolis's housing figures run a real, wide, not-fully-reconciled spread across sources this record discloses directly rather than smoothing over. The town's small size means a genuinely limited local job market beyond its core sectors, and healthcare beyond the local 25-bed hospital's scope may require travel to Cody or Casper. Winters still run cold, even if drier than much of Wyoming.

Who this fits

Best for: Best fits movers drawn to a genuinely distinctive, hot-springs-anchored small-town lifestyle with a diversified local economy, comfortable with Wyoming's small-town scale, who value affordability and Wyoming's low-tax structure.

Maybe not for you if: Probably not the right fit for movers who need a large local job market, extensive on-site specialty healthcare, or who want a precisely, singularly confirmed set of housing-price figures rather than a real, disclosed cross-source range.

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Last reviewed: 2026-09-02. Independent research; see individual metric entries above for source attribution. This is not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.