Wyoming · Census, HUD and BEA figures · Updated

Cost of Living in Hot Springs County, WY

Prices around Hot Springs County, WY run 7.3% below the U.S. average (BEA, Wyoming). The typical household there earns $61,250 a year, and HUD puts a two-bedroom at $963 a month. Keeping that rent under 30% of income takes about $38,520 a year.

Hot Springs County, WY at a glance

Median household income

$61,250$5,104 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$963HUD FY2026 Fair Market Rent
Price level (U.S. = 100)92.7-7.3% · BEA, Wyoming
Electricity15.2¢per kWh · EIA Residential WY
Population4,620Census ACS 5-year estimate

How much rent can you afford in Hot Springs County, WY?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$963Monthly market rent
Share of gross income18.9%Recommended max: 30%
Annual income needed$38,520To meet the 30% standard
Max affordable rent$1,531At 30% of $61,250
0%30% (Affordability standard)100%
Compare against:

How much is rent in Hot Springs County, WY? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Hot Springs County, WY, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Hot Springs County, WY, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$729$8,748$29,16014.3%
1-Bedroom Apartment$734$8,808$29,36014.4%
2-Bedroom ApartmentBenchmark$963$11,556$38,52018.9%
3-Bedroom Home$1,339$16,068$53,56026.2%
4-Bedroom Home$1,577$18,924$63,08030.9%

Rent in Hot Springs County, WY, with the wage each unit needs →

What a typical income covers in Hot Springs County, WY

The 50/30/20 rule applied to the local median of $61,250 a year ($5,104 a month before tax).

Needs (50%)$2,552/moRent ($963 2-BR), utilities (~$137/mo), groceries, transit
Wants (30%)$1,531/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,021/moEmergency fund, retirement, paying down loans

What $61,250 leaves after Wyoming taxes

Federal income tax, Social Security, Medicare and Wyoming tax on the local median income. Change the salary to see yours.

$61,250
$20,000$125,000
Filing status:
Gross salary breakdown$61,250
Net 84%
Fed 8%
FICA 8%
Annual take-home$51,394After all taxes
Monthly deposit$4,283Estimated per month
Biweekly paycheck$1,977Every 2 weeks (26/yr)
Effective tax rate16.1%Total tax burden
Federal income tax$5,170 / yr
Wyoming state income taxNo state wage tax$0
FICA (Social Security & Medicare)$4,686 / yr

Living in Hot Springs County, WY: common questions

What is the median household income in Hot Springs County, WY?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Hot Springs County, WY is $61,250 per year (approximately $5,104 per month).

What is the average rent in Hot Springs County, WY?

The closest official figure is HUD's Fair Market Rent for 2026: $729 for a studio, $734 for one bedroom, $963 for two, $1,339 for three and $1,577 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Hot Springs County, WY expensive to live in?

Prices there run 7.3% below the U.S. average. BEA's regional price parity for Wyoming is 92.7, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Hot Springs County, WY?

To keep a $963 two-bedroom under 30% of gross income, a household needs about $38,520 a year, or $3,210 a month. That is 63% of what the typical household in Hot Springs County, WY earns.

How much do you need to live comfortably in Hot Springs County, WY?

On the local median income of $61,250 ($5,104 a month before tax), the 50/30/20 rule leaves $2,552 a month for needs like rent, utilities and groceries, $1,531 for everything else and $1,021 for savings or debt. A two-bedroom at $963 takes 38% of the needs share.

How much is the electric bill in Hot Springs County, WY?

Homes in Wyoming paid 15.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $137. Your bill depends mostly on heating and cooling.