Hot Springs County, Wyoming
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Hot Springs County Compares
Detailed Income Statistics
Income Advisory: Hot Springs County
Income Verdict
Hot Springs County has a median household income of $64,375 and per capita income of $33,942 — a gap of $30,433, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $976/month and a median household income of $64,375, rent consumes approximately 18.2% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $64,375, residents of Hot Springs County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $33,942 is in line with national norms for individual earners.
Neighbor Context
Hot Springs County earns approximately 12.2% below the Wyoming state median household income of $73,360.
Data Story
About Household Income in Hot Springs County, Wyoming
Hot Springs trails national income
Hot Springs County's median household income of $64,375 falls about $10,400 below the U.S. median of $74,755. This puts the county in the lower half nationally, though many rural counties face similar gaps.
Below average for Wyoming
Hot Springs ranks below Wyoming's state average of $73,360, placing it in the lower tier among the state's 23 counties. The $9,000 gap reflects the county's reliance on smaller-scale industries.
Competing with basin neighbors
Hot Springs' $64,375 income compares unfavorably to nearby Natrona County ($71,247) but outpaces Niobrara County ($48,987). Regional economic variation suggests targeted industry development could shift the trajectory.
Housing remains affordable here
At 18.2%, Hot Springs' rent-to-income ratio is healthy and below the recommended 30% threshold, suggesting residents are well-positioned on housing costs. With a median home value of $214,400, homeownership remains accessible compared to state and national trends.
Build savings with stable housing
Because housing costs consume less than one-fifth of median income, households have room to direct dollars toward emergency funds and retirement accounts. Even modest regular investments can compound significantly over time—start with automatic transfers, even small ones.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Hot Springs County median
County median: $64,375 per year
vs. County Median
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vs. State Average
-12%
vs. National Median
-14%
Income Adequacy
Your monthly income ($5,365) vs. median rent ($976/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.