Largely a tourism based economy, oil and gas, farming, ranching, recreation and health care help supplement the economy of Thermopolis. There is no state or personal income tax, no corporate income tax and no inventory tax. Hot Springs County enjoys a low sales and property tax, which makes a successful place to live and do business.
The resort town of Thermopolis is the county seat of Hot Springs County. The town offers one county library, three banks, a weekly newspaper, three radio stations, full service hospital and rehabilitation center, Big Horn Basin Children's Center, and an active Senior Citizen Center, senior housing, and a nursing home. Brick and stone buildings, lawns and shrubbery, and landscaped parks give the town a well-groomed air. It is a trading center for this stock-raising area and for several oil fields. Locals claim 300 days of sunshine yearly for Thermopolis. The annual Lador Day rodeo, originally called Night Herd, attracts local and professional riders.