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Cost of Living in Hot Springs County

Is it better to rent or buy in Hot Springs County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$62,338
$1,024/mo

Median in area: $1,024

$243,932

Median in area: $243,932

$48,786

If you Rent

🔑
$1,277 /mo
Base Rent$1,024
Est. Utilities$253
% of Income24.6%
Pre-tax Residual$3,918

If you Buy

🏠
$1,782 /mo
P&I (7.2%)$1,325
Taxes & Ins$204
Est. Utilities$253
% of Income34.3%
Pre-tax Residual$3,413

Compare Nearby Areas

See how Hot Springs County stacks up against neighboring areas.

countyPark County, WY
$939/mo
countyWashakie County, WY
$716/mo
countyFremont County, WY
$854/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Hot Springs County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hot Springs County. The estimated all-in monthly cost for renting is $1,277, while owning a median-priced home with a 20% down payment is roughly $1,782 per month (a difference of $505).

How much do utilities cost in Hot Springs County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hot Springs County is approximately $253. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hot Springs County?›

To comfortably afford the median rent and utilities in Hot Springs County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $51,080 per year.