Cost of Living in Thermopolis
Thermopolis's cost of living centers on a real, genuinely affordable housing and rental market, offset further by Wyoming's own low-tax structure.
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Learn moreGenuinely affordable housing
Thermopolis's cited housing figures run a real, wide spread ($157,600 to $325,000 depending on source and metric), but every figure runs substantially below Wyoming's own statewide typical-value figures (~$338,888-$367,664).
A real, low median rent
One citation put Thermopolis's median rent at just $575/month, well below the $1,469 national median rent this pass's research cited, though a wider citation covering homes and condos ran meaningfully higher.
Wyoming's tax structure adds further savings
Wyoming levies no state individual income tax at all, and Hot Springs County's own effective property tax rate (0.69%) still runs well below the 1.02% national median.
Key takeaways
- Thermopolis's housing costs run genuinely, substantially below both Wyoming and national figures.
- Rent runs genuinely affordable, though this record discloses a real, wide cross-source spread.
- Wyoming's no-income-tax structure adds further real savings.
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