Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New York and Wyoming. Updated for 2026.
Metric
New York
Wyoming
Median Home Price
$430K
$340K
Property Tax Rate
1.72%
0.61%
Avg Closing Costs
$12K
$4K
Closing Cost %
2.8%
1.1%
Transfer Tax
0.8%
None
Homeowners Insurance
$2,100/yr
$1,800/yr
First-Time Buyer Program
SONYMA Achieving the Dream
Up to $15,000 DPAL
WCDA Spruce Up Wyoming
Below-market rate loans
Verdict
Wyoming wins 6 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 New York. Both states offer first-time buyer programs — explore the state pages for full details.