Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Vermont and Wyoming. Updated for 2026.
Wyoming wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, Wyoming offers meaningful savings compared to Vermont. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Wyoming saves you approximately $614/month ($7,368/year) compared to Vermont, based on median home prices with identical loan terms.
Home prices in Vermont and Wyoming are relatively close, with only a 11% difference ($40K). At similar price points, your decision should focus on the other cost factors: property taxes, insurance, closing costs, and the overall quality of life each state offers. Small percentage differences in tax rates compound over decades of homeownership.
Property taxes are dramatically different: Wyoming charges 0.61% while Vermont charges 1.9%, a gap of 1.29 percentage points. On the respective median homes, this means Vermont homeowners pay roughly $7,220 per year in property taxes versus $2,074 in Wyoming. Over 30 years of homeownership, this difference alone can add up to six figures. Retirees on fixed incomes should weigh this heavily.
Insurance costs favor Vermont at $1,100/year versus $1,800/year in Wyoming, a difference of $700 annually. While not the largest cost factor, this adds up to over $7K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Both states offer down payment assistance for first-time buyers. Vermont's VHFA MOVE Mortgage provides $5K–$15K DPA, while Wyoming's WCDA Spruce Up Wyoming offers Below-market rate loans. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: property taxes are the defining difference here. Vermont's 1.9% rate versus Wyoming's 0.61% means Wyoming homeowners save approximately $5,146 every year on taxes alone. Over a 30-year mortgage, that difference compounds into tens of thousands of dollars — making it the most important cost factor in this comparison.