Thermopolis, WY is a small town with a population of 3,000 located in the northwest corner of the state. Known for its hot springs, Thermopolis offers a unique opportunity to locals and visitors alike to enjoy its outdoor activities and natural beauty. One of the main draws for people looking to move here is the relatively low cost of living compared to other parts of Wyoming. The 2 bedroom rent in Thermopolis is $750 while the US average is $1,430, and the Grocery Cost Index is 98 compared to 100 in the US. It's also home to several local businesses such as Silver Spur Cafe & Bakery, Hot Springs County Museum & Cultural Center, Hot Springs State Park, and 4J's Ranching Co., all providing excellent services and products at great prices. All this makes it an ideal place to settle down or just stay for a while.
Thermopolis has an unemployment rate of 4.9%. The US average is 6.0%.
Thermopolis has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 10.7%, which is lower than the US average of 33.5%.
Tax Rates for Thermopolis
- The Sales Tax Rate for Thermopolis is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thermopolis 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 Thermopolis
- The average income of a Thermopolis resident is $26,026 a year. The US average is $28,555 a year.
- The Median household income of a Thermopolis resident is $67,460 a year. The US average is $69,021 a year.