Medicine Bow, WY is a small town located in Carbon County with a population of just over 400 people. The cost of living in Medicine Bow is much lower than the US average, evidenced by the 2 bedroom rent being $910 compared to $1,430 nationally. This makes Medicine Bow an attractive option for those looking for more affordable housing options. Groceries are also much cheaper - 97 on the Grove Cost Index in comparison to 100 nationally. In terms of businesses, there are several local stores and restaurants including The Cowboy Cafe & Saloon and The Medicine Bow Motor Inn that offer good quality food and services to the local community. In addition, there are many outdoor recreational opportunities ranging from fishing to skiing at nearby Snowy Range Ski Area which attract visitors from all over the nation. All in all, Medicine Bow provides an excellent opportunity for those looking for a rural lifestyle and low cost of living in comparison to many other parts of the nation.
Medicine Bow (zip 82329) has an unemployment rate of 5.1%. The US average is 6.0%.
Medicine Bow (zip 82329) 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 (zip 82329)
- The Sales Tax Rate for Medicine Bow (zip 82329) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Medicine Bow (zip 82329) 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 (zip 82329)
- The average income of a Medicine Bow (zip 82329) resident is $22,338 a year. The US average is $37,638 a year.
- The Median household income of a Medicine Bow (zip 82329) resident is $34,545 a year. The US average is $69,021 a year.