Planning on moving to Wyoming? You’re not alone! The Equality state experienced a positive net migration of 2,338 in 2023. It also ranks among the top 10 states in the nation for education and fiscal stability. With this growth, the state’s population has hit 586,485 in 2024.
With a low unemployment rate of 3.2%, the Equality State offers robust job opportunities and financial stability. Known for its scenic landscapes, Yellowstone National Park, and rich western heritage, Wyoming offers a lifestyle deeply connected to nature and adventure.
3 Reasons to Move to Wyoming
Wyoming is one of the favorite relocation destinations for Americans. Here are 3 reasons to move to WY.
# | Reasons to Move to WY | Highlights |
---|---|---|
1. | Cost of Living | The average cost of living in Wyoming is 2.5% lower than the national average. |
2. | Tax Benefits | The Equality State does not impose any state income taxes. |
3. | Education | Wyoming ranks #7 across the country in terms of education. |
1. Low Cost of Living
The cost of living in Wyoming is 2.5% lower than the national average. It’s an attractive option compared to other Mountain West states like Utah and Colorado, where living costs are 14.2% and 20.5% above the national average.
Here’s a breakdown of monthly expenses in Wyoming’s popular cities:
City | Median Home Price | Median Rent | Public Transport | Utilities | Food |
Cheyenne | $347,500 | $1,250 | $51.9 | $187.20 | $510 |
Casper | $290,000 | $1,020 | $51.4 | $167.78 | $494 |
Gillette | $450,000 | $1,200 | $45.2 | $323.81 | $567 |
Rock Springs | $279,000 | $862 | $54 | $171.85 | $594 |
2. Tax Benefits
Wyoming is among the top US states that levy zero state income tax. For example, if you earn $70,000 in Wyoming, your after-tax income totals $62,340. In California, your post-tax income is approximately $59,552. This means you can save nearly $3,000 in taxes annually in the Equality State.
Moreover, the property taxes in Wyoming are 0.61%, one of the lowest in the nation. The current sales tax in Wyoming is 4%.
3. Excellent Education
Wyoming ranks #7 across the country in terms of education. The state serves over 94,488 students across 49 school districts.
- Public Schools: The state has 348 public schools known for their academic excellence. Notable schools include Sagebrush Elementary School and Glendo High School, both have a Great Schools rating of 10.
- Magnet and Charter Programs: With 8 charter schools, Wyoming provides specialized programs in STEM and arts, tuition-free. PODER Academy and Arapaho Charter are among the best charter schools in the state.
- Private Schools: WY is home to 40 private schools. The average tuition for private schools is around $8,824 annually. Jackson Hole Community School and Trinity Lutheran School are among the top private schools in the state.
- Higher Education: The Equality state ranks as the #2 state in the nation for higher education. It is home to 10 colleges and universities, including eight public institutions and two nonprofit private schools. The University of Wyoming is one of the state’s top-rated colleges.
Cost of Moving to Wyoming 💲
There are additional costs involved in moving from one state to another. Here’s a breakdown of costs you may incur while relocating to WY:
1. Moving Costs ≈ $415 to $3,316
Moving to Wyoming involves several costs, including the costs involved in moving your belongings.
- Wyoming movers typically cost $99. However, this figure depends entirely on your belongings and the distance traveled.
- If you want to DIY your move, renting a truck can be a better option. The average rent of a mid-size moving truck with a load capacity of 4,000-6,000 pounds ranges between $40 and $80 per day.
- 👉 Tip: Moving can be expensive, especially if you are selling your home before you move. In this case, you can use a Flat Fee MLS company to save on listing agent commissions. This way, you can have additional cash when you move to Wyoming.
2. Utility Expenses ≈ $400 to $500 Per Month
Apart from moving and housing costs, you will have to incur utility expenses when migrating to Wyoming.
- When relocating to Wyoming, you must set up utilities like gas, electricity, water, etc. The average cost of utilities in WY is around $399/month.
- You will have to register your vehicle in Wyoming. The first-time registration cost of a passenger vehicle in WY can cost $30 (can vary by county). A standard title fee costs $15.
3. Housing Costs
Housing costs in the Equality State can vary depending on your location.
- In popular cities like Cheyenne, Casper, and Gillette, the average rent ranges between $800 and $1,500.
- However, buying can be complex as home prices vary across the state. Make sure you find cheap houses for sale in Wyoming in your budget. Cities like Jackson have a median home price of $2.3M. On the other hand, the average cost of a home in small cities like Rawlins is $190K.
4 Tips for a Seamless Move to Wyoming ✅
Moving to a new place can be tough. Here are some tips to help you make a smooth transition.
- Research Cities and Neighborhoods: It’s important to research the area you want to live in. You must know if your home is in the city or suburbs. Find out where the nearby schools, hospitals, coffee shops, or restaurants are.
- Find the Living Costs: Your living costs will change once you migrate. Before moving to WY, get an estimate of the basic living expenses in your desired location.
- Visit the Neighborhood: Once you’ve decided where you want to live. You must visit that Wyoming neighborhood in person and see what you feel about the area.
- Meet Your Neighbors: Connect with your neighbors and socialize. Local Facebook groups can be the best way to meet your neighbors.