Estimate your monthly mortgage payment in Rock Springs. With a median home price near $250,000 and a property tax rate around 0.55%, see your full principal, interest, tax, and insurance payment.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
The median home price in Rock Springs is about $250,000, and Sweetwater County has an effective property tax rate near 0.55% of value per year. Wyoming has no state income tax and funds government largely through energy and mineral revenue, with property taxes that are among the lowest in the country and no tax on retirement income.
| Cost Item | Rock Springs Estimate |
|---|---|
| Median Home Price (2026) | $250,000 |
| 20% Down Payment | $50,000 |
| Loan Amount (80% LTV) | $200,000 |
| Effective Property Tax Rate | 0.55% per year |
| Est. Annual Property Tax | $1,375/year |
| Est. Monthly Property Tax | $115/month |
| Average Rent (2-bedroom) | $1,100/month |
Your payment includes principal and interest (fixed for a fixed-rate loan), plus property tax and insurance, typically escrowed. With less than 20% down you also pay PMI, usually 0.5% to 1.5% of the loan per year until you reach 20% equity.
Rock Springs anchors southwestern Wyoming and is a center of trona (soda ash) mining, hosting some of the largest deposits in the world, alongside oil and gas, power generation, and a historically diverse, immigrant-rooted mining community.
| Local Metric | Rock Springs (2026 estimate) |
|---|---|
| Metro population | 23,000 |
| County / jurisdiction | Sweetwater County |
| Cost of living index (US avg = 100) | 88 |
| MIT living wage, single adult | $18.50/hour |
| MIT living wage, one earner supporting a family of four | $38.00/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $900/month |
| Average rent, 2-bedroom | $1,100/month |
| Median home price | $250,000 |
| Median household income | $75,000/year |
| Combined sales tax rate | 5% |
| Effective property tax rate | 0.55% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
The median home price in Rock Springs is approximately $250,000 in 2026. A 20% down payment is about $50,000, leaving a loan of roughly $200,000. Prices vary widely by neighborhood.
The effective property tax rate in Sweetwater County is about 0.55% of value per year. On a $250,000 home that is roughly $1,375/year, or about $115/month, usually collected through escrow.
A common guideline keeps housing payments (PITI) under 28% of gross monthly income. On a $250,000 home with 20% down at 6.75% over 30 years, plan for a healthy six-figure household income to stay within that guideline in Rock Springs.
Average rent in Rock Springs is about $900/month for a 1-bedroom and $1,100 for a 2-bedroom. Compare that to the calculated PITI payment above. In many Wyoming markets, low property taxes and the absence of an income tax help keep overall costs down, though energy-driven booms can swing home prices, so compare both carefully.
Most conventional lenders want 620+, FHA allows 580 with 3.5% down, and VA and USDA loans have no set minimum but lenders prefer 620+. A score of 740+ earns the best rates and can save tens of thousands over the loan.