Medicine Bow, WY is a small rural town located in the foothills of the Snowy Range. Its population is relatively small with only about 400 people living there. Medicine Bow is home to several local businesses such as Medicine Bow Outfitters, which provides guided hunting and fishing trips, Brush Creek Ranch, a working cattle ranch, and the Wyoming Reclamation and Restoration Center which specializes in protecting and restoring native grasslands. Compared to the US average, rent in Medicine Bow is surprisingly low at $890 for a two bedroom apartment. The Grocery Cost Index in Medicine Bow also stands at 97 versus 100 in the US , so groceries are more affordable than many places across America. Overall, Medicine Bow is a great place for those who want to experience rural living without breaking their budget.
Medicine Bow has an unemployment rate of 5.1%. The US average is 6.0%.
Medicine Bow has seen the job market increase by 2.2% 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 Medicine Bow
- The Sales Tax Rate for Medicine Bow is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Medicine Bow 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 Medicine Bow
- The average income of a Medicine Bow resident is $23,236 a year. The US average is $37,638 a year.
- The Median household income of a Medicine Bow resident is $34,318 a year. The US average is $69,021 a year.