Basin, WY is a small and charming town with a population of about 1,550 people. It is located in the northwestern part of Wyoming and nestled in the foothills of the Big Horn Mountains. Basin boasts an ideal location that offers plenty of space for outdoor activities and recreation. The cost of living in Basin is quite affordable compared to other cities in Wyoming and other states. Renting a two-bedroom apartment costs $830 per month on average while groceries are about 2% cheaper than the US average. Popular local businesses include Rocky Mountain Ford, Basin Market Grocery Store, Papa’s Pizza Parlor and Basin Sporting Goods. These companies each offer unique products and services to the local community that make life easier and more enjoyable for residents.
Basin has an unemployment rate of 6.1%. The US average is 6.0%.
Basin has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 11.2%, which is lower than the US average of 33.5%.
Tax Rates for Basin
- The Sales Tax Rate for Basin is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Basin 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 Basin
- The average income of a Basin resident is $24,227 a year. The US average is $28,555 a year.
- The Median household income of a Basin resident is $52,054 a year. The US average is $69,021 a year.