Torrington, WY is a small town in Goshen County. It is known for its warm summers and mild winters. Residents benefit from the low cost of living with two bedroom rents at $850 compared to the US average of $1,430. The Grocery Cost Index is also relatively low at 99 versus 100 in the US. Torrington has several local businesses, including Torrington Livestock Markets, Family Dollar, Ace Hardware, Papa Murphy's Take 'n' Bake Pizza and others. With its affordable housing options and active community involvement in events like the Goshen County Fair & Rodeo and Field Day every year, Torrington offers a quality of life that many people enjoy.
Torrington has an unemployment rate of 4.3%. The US average is 6.0%.
Torrington has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 15.5%, which is lower than the US average of 33.5%.
Tax Rates for Torrington
- The Sales Tax Rate for Torrington is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Torrington is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Torrington
- The average income of a Torrington resident is $24,026 a year. The US average is $28,555 a year.
- The Median household income of a Torrington resident is $52,917 a year. The US average is $69,021 a year.