Wyoming Mortgage Calculator

Calculate your monthly mortgage payment in Wyoming. Pre-filled with Wyoming's average property tax rate of 0.57%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$166
Homeowner's Insurance
$100
Total Monthly Payment
$2,036

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,036/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Wyoming Housing Overview

Wyoming has an average property tax rate of 0.57%. Wyoming's cost of living is about 4% below the national average.

Property Tax: 0.57%No state income taxNo corporate income taxLow property taxes

Buying a Home in Wyoming

If you're considering buying a home in Wyoming, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Wyoming's average property tax rate of 0.57% to give you a more accurate estimate.

Wyoming Property Taxes

Wyoming has an average effective property tax rate of 0.57%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.57% rate means approximately $1995 per year, or $166 per month in property taxes alone.

Cost of Living in Wyoming

Wyoming's cost of living is about 4% below the national average. When evaluating whether to buy a home in Wyoming, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Wyoming Homebuyers

  • No state income tax and no corporate income tax make Wyoming one of the most tax-friendly states
  • Wyoming's low property taxes add to the financial advantage
  • Wyoming's low cost of living means your salary stretches further than in other no-tax states like Washington
  • Remote work opportunities let you earn competitive salaries while living in tax-free Wyoming

Key Wyoming Features

  • No state income tax
  • No corporate income tax
  • Low property taxes
  • Very low cost of living

See How Your Wyoming Mortgage Fits Your Financial Plan

This calculator shows your Wyoming mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Wyoming Mortgage Costs with Other States

Montana0.74% property taxSouth Dakota1.13% property taxNebraska1.52% property taxCalifornia0.71% property taxNew York1.46% property taxWashington0.93% property tax

Frequently Asked Questions

What is the average property tax rate in Wyoming?
The average effective property tax rate in Wyoming is approximately 0.57%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Wyoming's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Wyoming?
Your mortgage payment in Wyoming depends on the home price, your down payment, interest rate, and loan term. With Wyoming's average property tax rate of 0.57%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Wyoming an affordable state to buy a home?
Wyoming's cost of living is about 4% below the national average. When evaluating affordability in Wyoming, consider not just the home price but also property taxes (0.57% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Wyoming property taxes compare to other states?
Wyoming's average property tax rate of 0.57% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Wyoming?
Most states, including Wyoming, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Wyoming's housing authority and the FHA, VA, and USDA loan programs for additional options.

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