Wyoming, MN is a small town located in the Greater Minneapolis-St. Paul area with a population of around 7,500 people. The cost of living in this town is quite reasonable with the average 2 bedroom rent being $1,270 which is slightly below the US average of $1,430 per month. Additionally, the grocery cost index in Wyoming is 101 compared to 100 in the US. It has many great local businesses and attractions such as the Royal Foundry Craft Spirits distillery, IXA Farmstead Cheese Factory, and Baker Park Reserve for outdoor activities. In addition to these, there are also several restaurants and shops that make Wyoming an ideal place to live for those who enjoy living in a smaller community.
Wyoming has an unemployment rate of 5.4%. The US average is 6.0%.
Wyoming has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Wyoming
- The Sales Tax Rate for Wyoming is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wyoming is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wyoming
- The average income of a Wyoming resident is $32,633 a year. The US average is $28,555 a year.
- The Median household income of a Wyoming resident is $88,819 a year. The US average is $69,021 a year.