Wyoming Debt Overview
| Metric | Wyoming | US Average |
|---|---|---|
| Avg household debt (ex-mortgage) | $39,800 | $44,200 |
| Median home value | $340,000 | $308,000 |
| Property tax rate | 0.61% | 1.08% |
| State income tax | None | varies |
Payoff Time: $39800 Debt at 20% APR
| Monthly Payment | Payoff Time | Total Interest |
|---|---|---|
| $796/mo | 9yr 1mo | ~$46,487 |
| $1,194/mo | 4yr 2mo | ~$18,778 |
| $1,592/mo | 2yr 9mo | ~$12,116 |
| $1,990/mo | 2yr 1mo | ~$9,019 |
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What is the average debt in Wyoming?
The average household debt in Wyoming (excluding mortgage) is approximately $39,800.
Does Wyoming income tax affect debt repayment?
Wyoming has no state income tax, meaning residents keep more of their income to apply toward debt payoff.
Related: Snowball Calculator