Wyoming charges no state income tax, but the 0.56% average property tax rate keeps total housing costs competitive. This calculator uses Wyoming-specific defaults: $330,000 median home price, 0.56% property tax, and $1,350/year average insurance.
Last updated: March 13, 2026
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Monthly Payment (Wyoming)$0
Loan Details — Wyoming
Wyoming median: $330,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Wyoming average: 0.56%
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Wyoming average: $1,350/yr
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Property Tax
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Wyoming Metro Area Home Prices
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Wyoming's Tax Landscape and Your Mortgage
Wyoming is one of nine states with no state income tax. That extra take-home pay makes a real difference in mortgage qualifying — a household earning $150,000 keeps roughly $5,000-$10,000 more annually compared to states with 5-7% income tax rates. That translates to an additional $400-$800/month that lenders factor into your debt-to-income ratio.
At the state's median home price of $330,000, the $0.56% property tax rate adds $154/month to your mortgage payment. That's $1,848/year — below the national median of ~1.1%.
Property Taxes Across Wyoming
The 0.56% statewide average masks significant variation. Low property taxes
Price ranges across the state: Cheyenne has a median of $340,000, while Casper sits at $285,000 — a $55,000 gap that dramatically changes your monthly payment. At $0.56% property tax, that price difference alone means $26/month more in property tax in Cheyenne.
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Homebuyer Programs and Exemptions
Wyoming offers several programs for homebuyers:
WCDA Spruce Up and Advantage programs with below-market rates
Down payment assistance available
Homestead exemption: Tax exemption on first $5,600 of assessed value for veterans
Wyoming-Specific Considerations
No state income tax and no corporate income tax — mineral royalties fund the state
Low property taxes
Jackson Hole is one of the most expensive housing markets in the nation despite Wyoming's overall affordability
Limited housing inventory in most towns
Extremely tax-friendly state overall — no income, corporate, inheritance, or estate tax
Property tax rates vary by county — Teton County (Jackson Hole) has among the highest assessed values in the state despite a relatively low rate
Compare Wyoming Mortgage Rates
See personalized rates from Wyoming lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
Alaska Mortgage Calculator
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1.04% property tax, no income tax. Median home: $340,000.
Arizona Mortgage Calculator
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Wyoming?
The average effective property tax rate in Wyoming is 0.56%. On a $330,000 home (the state median), that works out to approximately $1,848/year or $154/month added to your mortgage payment. Property tax rates vary by county and school district within Wyoming — always check your specific jurisdiction's rate. Homestead exemption: Tax exemption on first $5,600 of assessed value for veterans
How much does homeowners insurance cost in Wyoming?
The average annual homeowners insurance premium in Wyoming is approximately $1,350 ($113/month). This is near the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Wyoming?
WCDA Spruce Up and Advantage programs with below-market rates. Down payment assistance available. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Wyoming housing finance agency website for current eligibility requirements and application deadlines.
How does Wyoming's lack of income tax affect home buying?
Wyoming has no state income tax, which means more of your gross income is available for mortgage payments. On a $150,000 salary, you keep roughly $5,000-$10,000 more per year compared to states with 5-7% income tax rates. Combined with Wyoming's 0.56% property tax rate, total housing costs remain competitive.
What is the conforming loan limit in Wyoming?
The 2026 conforming loan limit in Wyoming is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Wyoming state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.