Wyoming Cost Of Living Statistics 2023: Facts about Cost Of Living in Wyoming reflect the current socio-economic condition of the state.
LLCBuddy editorial team did hours of research, collected all important statistics on Wyoming Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂
Are you planning to start a Wyoming LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.
How much of an impact will Wyoming Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.
Please read the page carefully and don’t miss any words.
On this page, you’ll learn about the following:
Top Wyoming Cost Of Living Statistics 2023
☰ Use “CTRL+F” to quickly find statistics. There are total 13 Wyoming Cost Of Living Statistics on this page 🙂Wyoming Cost Of Living “Latest” Statistics
- Teton County had the highest cost of living in the fourth quarter of 2021, at 65% more than the national average.[1]
- The Bureau of Economic Analysis estimates that Wyoming’s average annual cost of food and drinks outside of restaurants is $3,883, or about $324 a month.[2]
- In comparison to the statewide increase of 4.2%, the cost of renting a two-bedroom apartment increased by 2.8%, while the cost of a single-wide mobile home increased by 12.9% in Wyoming.[3]
- The greatest cost of living was found in Teton County, where it was 65% more than the state average.[4]
- According to the AAA association of motorists, a gallon of regular-grade unleaded petrol cost approximately $4.11 on Wednesday both nationally and in Wyoming.[5]
Wyoming Cost Of Living “Be” Statistics
- Between spring 2020 and spring 2021, there was a 7.7% inflation rate, according to the last Wyoming cost of living index study which was published in October.[1]
- According to information from the U.S. Bureau of Labor Statistics, the national inflation rate from December 2020 to December 2021 was 7%.[1]
Wyoming Cost Of Living “Other” Statistics
- According to MERIC statistics gathered in the latter half of 2021, Wyoming is also among the top 20 most inexpensive states in the country.[2]
- The average monthly expenditure on housing and housing related expenditures is 34.9%, or around $1,784.[6]
- In Wyoming, the fourth quarter of 2018 had an incredible 93% greater rate of inflation than the same three month period in 2021.[5]
- Due to the need to transport most items to the island, groceries are 50% more expensive than the national average.[6]
- With an effective tax rate of about 7%, Wyoming also has the second lowest tax burden of any U.S. state, according to the Tax Foundation.[2]
- According to the most recent Bureau of Economic Analysis, Wyoming’s average personal consumption spending per person in 2020 was $42,016.[2]
Also Read
- Alabama Cost Of Living Statistics
- Alaska Cost Of Living Statistics
- Arkansas Cost Of Living Statistics
- California Cost Of Living Statistics
- Colorado Cost Of Living Statistics
- Connecticut Cost Of Living Statistics
- Florida Cost Of Living Statistics
- Georgia Cost Of Living Statistics
- Hawaii Cost Of Living Statistics
- Idaho Cost Of Living Statistics
- Illinois Cost Of Living Statistics
- Indiana Cost Of Living Statistics
- Kentucky Cost Of Living Statistics
- Louisiana Cost Of Living Statistics
- Maine Cost Of Living Statistics
- Mississippi Cost Of Living Statistics
- Montana Cost Of Living Statistics
- New Hampshire Cost Of Living Statistics
- New Jersey Cost Of Living Statistics
- New Mexico Cost Of Living Statistics
- New York Cost Of Living Statistics
- North Carolina Cost Of Living Statistics
- North Dakota Cost Of Living Statistics
- Oklahoma Cost Of Living Statistics
- Oregon Cost Of Living Statistics
- Pennsylvania Cost Of Living Statistics
- Rhode Island Cost Of Living Statistics
- South Carolina Cost Of Living Statistics
- Tennessee Cost Of Living Statistics
- Texas Cost Of Living Statistics
- Utah Cost Of Living Statistics
- Vermont Cost Of Living Statistics
- Virginia Cost Of Living Statistics
- Washington Cost Of Living Statistics
- West Virginia Cost Of Living Statistics
- Wyoming Cost Of Living Statistics
- District of Columbia Cost Of Living Statistics
How Useful is Wyoming Cost of Living
In many ways, understanding the cost of living in Wyoming can be incredibly beneficial. For starters, it can help individuals and families make informed decisions about whether or not they can afford to live comfortably in the state. By having a clear understanding of the cost of housing, groceries, utilities, transportation, and other expenses, individuals can better plan their budgets and ensure that they are able to cover their basic needs.
Furthermore, understanding the cost of living in Wyoming can also be helpful for those who are considering relocating to the state for work or other reasons. By knowing how affordable or expensive the state is compared to their current location, individuals can make more informed decisions about whether or not the move makes financial sense for them.
Additionally, understanding the cost of living in Wyoming can also be useful for policymakers and government officials. By having a clear picture of how affordable or expensive it is to live in the state, they can better advocate for policies that help support residents and ensure that they are able to afford a high quality of life. This can include things like increasing the minimum wage, providing affordable housing options, or implementing tax breaks for certain individuals or businesses.
However, it is important to note that the cost of living in Wyoming is not the only factor that should be considered when making decisions about where to live. While affordability is certainly important, other factors such as job opportunities, quality of schools, access to healthcare, and overall quality of life should also be taken into account.
In addition, understanding the cost of living in Wyoming can sometimes be misleading. While the state may overall be relatively affordable compared to others, certain regions or cities within the state may actually be quite expensive. It is important to do thorough research and consider all factors when making decisions about where to live.
Overall, while understanding the cost of living in Wyoming can be incredibly useful, it is just one piece of the puzzle when it comes to making decisions about where to reside. By taking into account all relevant factors and doing thorough research, individuals can make the best choices for themselves and their families.
Reference
- jhnewsandguide – https://www.jhnewsandguide.com/news/business/local/state-cost-of-living-grows-by-fastest-pace-in-40-years/article_4b87e463-4889-54b9-9df7-68ca1053d422.html
- sofi – https://www.sofi.com/cost-of-living-in-wyoming/
- oilcity – https://oilcity.news/community/2021/10/29/7-7-inflation-in-wyoming-slightly-outpaces-u-s-average-over-last-year/
- trib – https://trib.com/news/state-and-regional/inflation-in-wyoming-rises-7-7/article_f6e5ccad-7f12-5a89-86e5-d5468d3b4adc.html
- wyomingnews – https://www.wyomingnews.com/news/local_news/in-laramie-county-and-across-wyoming-your-money-doesnt-go-as-far-as-it-used/article_c269605a-ff07-5f99-b8ca-dbcb85f6a841.html
- worldpopulationreview – https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state