Red Butte, WY is a small town located in the western part of Wyoming. It is known for its rural charm and friendly atmosphere. In Red Butte, residents can enjoy the beautiful scenery that Wyoming has to offer while also taking advantage of low costs of living compared to other cities in the state. Two bedroom rent for $1,100 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Red Butte is also 100 versus 100 in the US making food more affordable.
Local companies in Red Butte include Buzzards Canyon Crafts, Logan’s Pharmacy, The Cowboy Store and Black Diamond Barbershop. These businesses thrive off of the loyalty of local customers and depend on word-of-mouth advertising for their success.
Red Butte has an unemployment rate of 7.9%. The US average is 6.0%.
Red Butte 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 4.2%, which is lower than the US average of 33.5%.
Tax Rates for Red Butte
- The Sales Tax Rate for Red Butte is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Red Butte 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 Red Butte
- The average income of a Red Butte resident is $37,846 a year. The US average is $37,638 a year.
- The Median household income of a Red Butte resident is $0 a year. The US average is $69,021 a year.