Wyoming State is an incredible place to live due to its strong economy, low cost of living, and great availability of jobs. With a two bedroom rent that is $930 lower than the US average at $920, Wyoming residents are able to enjoy more financial security. To keep living costs low, Wyoming also has a grocery cost index that is 99 compared to the US which is 100. There are numerous local companies such as Cloud Peak Energy, PacifiCorp, Archer Daniels Midland Company , and Sinclair Oil Corporation that contribute significantly to the state's economic success. Considering all these factors it can be concluded that Wyoming State offers many benefits for those looking for comfortable place to work and live.
Wyoming has an unemployment rate of 5.9%. The US average is 6.0%.
Wyoming has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Wyoming
- The Sales Tax Rate for Wyoming is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wyoming 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 Wyoming
- The average income of a Wyoming resident is $29,381 a year. The US average is $28,555 a year.
- The Median household income of a Wyoming resident is $68,002 a year. The US average is $69,021 a year.