Medicine Bow at a glance
- Population: a Census-estimated 238, placing it 74th among Wyoming's 99 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 242 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 1.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Wyoming places: 74th by size among 99 communities (US Census Bureau).
- Size percentile: about 25% of Wyoming's Census places are smaller (US Census Bureau).
- Coordinates: 41.8995 latitude, -106.2019 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Hanna, WY (19 mi); Saratoga, WY (44 mi); Sinclair, WY (48 mi); Laramie, WY (51 mi); Rawlins, WY (53 mi) (US Census Bureau).
- Nearest smaller communities: Rock River, WY (16 mi); Elk Mountain, WY (18 mi); Riverside, WY (56 mi), each a US Census place.
What a personal loan costs in Medicine Bow
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Wyoming lending rules that apply in Medicine Bow
The table carries the Wyoming rate and licensing rules that apply to consumer loans made in Medicine Bow.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 36% per year on unpaid principal balances up to $1,000; 21% above $1,000 (Wyo. Stat. § 40-14-310(g)) Source says: shall not exceed the equivalent of thirty-six percent (36%) per year on that part of the unpaid balances of the principal | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Payday lending status | Legal with a post-dated check casher license; finance charge capped at the greater of $30 or 20% per month; max term 1 month (Wyo. Stat. § 40-14-363) Source says: No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender, Sales Finance Company, Post-Dated Check Casher, and Pawnbroker licenses via NMLS; licensing mandatory per location including online Source says: Licensing is mandatory for every location where business is regularly conducted | Wyoming Division of Banking as of 2026-09-16 |
| State lending regulator | Wyoming Division of Banking Source says: The Division is responsible for the chartering and regulation of Wyoming state banks, trust companies, mortgage companies, as well as non-bank financial companies. | Wyoming Division of Banking as of 2026-09-16 |
How to compare offers in Medicine Bow
Here is a short checklist for comparing personal loans in Medicine Bow:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Wyoming using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.