Population: Thermopolis had a population of 2,716 in 2023, with a projected 2025 population of 2,755. The population grew by 1.21% since the 2020 census.
Median Age: 46 years in 2023, with a 0% change from the previous year.
Employment: The economy employed 1,260 people in 2023, with no change in the employment rate between 2022 and 2023.
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Population: Thermopolis had a population of 2,716 in 2023, with a projected 2025 population of 2,755. The population grew by 1.21% since the 2020 census.
Median Age: 46 years in 2023, with a 0% change from the previous year.
Employment: The economy employed 1,260 people in 2023, with no change in the employment rate between 2022 and 2023.
Largest Industries: Educational Services (291 people), Health Care & Social Assistance (153 people), and Construction (127 people).
Unemployment Rate: Data for Thermopolis specifically is not readily available. However, Hot Springs County, where Thermopolis is located, had an unemployment rate of 3.1% in April 2025.
Housing & Cost of Living
Housing & Cost of Living
Housing & Cost of Living
Median Property Value: Increased by 16.1% from 2022 to $201,600 in 2023.
Homeownership Rate: Was 77% in 2023.
Cost of Living: Generally lower than the national average, though slightly higher than the average for Wyoming. Housing costs are less expensive than the national average.
Rental Market: The median rent is $495.
Affordability: Thermopolis is considered an affordable place to live.
Income & Poverty
Housing & Cost of Living
Income & Poverty
Median Household Income: Increased by 7.48% from 2022 to $71,574 in 2023.
Average Per Capita Income: $40,272.
Median Earnings by Industry (2023): You can find detailed breakdowns of median earnings for men and women by industry in the referenced document.
Poverty Rate: At 15% in 2023, it is higher than the national average.
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