Wyoming, IL is a small town located in the western part of the state known for its quiet atmosphere and close-knit community. Wyoming is home to several businesses such as Walmart Supercenter, Dollar General, Starbucks, and Taco Bell. The cost of living in Wyoming is lower than the national average with rent for a two-bedroom apartment costing $790 compared to $1,430 nationally and the Grocery Cost Index being 92 versus 100 in the US. This makes Wyoming an affordable place to live for individuals and families alike.
Wyoming has an unemployment rate of 6.7%. The US average is 6.0%.
Wyoming has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Wyoming
- The Sales Tax Rate for Wyoming is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Wyoming is 5.0%. 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 $20,268 a year. The US average is $28,555 a year.
- The Median household income of a Wyoming resident is $51,705 a year. The US average is $69,021 a year.