Baggs, WY is a small town located in the southern part of the state. It has a population of around 600 people and offers a relaxed rural lifestyle. The cost of living in Baggs is significantly lower than the US average, with 2 bedroom rent being $890 compared to $1,430 nationally. This makes it an attractive option for those looking for affordability while still enjoying the convenience of urban amenities. The grocery cost index is also lower than that of the US, standing at 101 instead of 100. Local companies such as the Baggs Mercantile Store and Chuck's Diner serve as important community hubs for residents and visitors alike.
Baggs has an unemployment rate of 5.1%. The US average is 6.0%.
Baggs has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Baggs
- The Sales Tax Rate for Baggs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baggs 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 Baggs
- The average income of a Baggs resident is $31,534 a year. The US average is $28,555 a year.
- The Median household income of a Baggs resident is $76,429 a year. The US average is $69,021 a year.