Wyoming variant. This is a Wyoming-specific version of the Auto Loan Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Auto Loan Calculator.
Financing a car in Wyoming means budgeting for both the loan payment and the state's $1,399 average annual auto insurance premium.
Auto loan + ownership costs in Wyoming
On a $35,000 vehicle with 10% down, you'd finance $31,500. At 7% over 5 years, that's about $624/month.
Wyoming drivers pay $1,399/year on average for insurance - about $117/month - plus the state's 5.44% combined sales tax on the purchase.
About taxes and housing in Wyoming
Wyoming levies no state income tax and also imposes no corporate income tax.
Wyoming has a low effective property tax rate near 0.58%, with median home values around $320,000.
Wyoming's economy is dominated by energy extraction, including coal, oil, and natural gas, along with tourism and ranching.
Worked example: $35,000 car in Wyoming
Loan $31,500 at 7% for 5 years → $624/month. Insurance ≈ $117/month. Combined monthly cost of ownership ≈ $740 before fuel and maintenance.
Quick reference
- State income tax: No state income tax
- State sales tax: 4% (plus 1.44% avg local)
- Median home value: $320,000
- Median household income: $72,495
- Effective property tax rate: 0.58%
- Avg auto insurance: $1,399/yr
Frequently Asked Questions
How much is car insurance in Wyoming?
The Wyoming average is $1,399/year, or about $117/month.
What's a typical car payment in Wyoming?
On a $35,000 car financed at 7% over 5 years, roughly $624/month.