Wyoming Best Places to Retire - A Guide
Wyoming, the Cowboy State, attracts outdoors oriented active adults over 55; here you will find information on all the best places to retire in Wyoming. You could probably win a trivia contest with this factoid - Wyoming is the least populous state (population was about 576,000 in 2012). It has terrain ranging from the High Plains to ragged mountains like the Grand Tetons. The Snake, Yellowstone, and Platte Rivers are just some of the rivers that flow through Wyoming. Yellowstone National Park and Grand Teton National Park attract millions of visitors. Cheyenne is its largest city. The scenery and recreation opportunities are outstanding. It is somewhat remote, although Cheyenne is only 100 miles from Denver. Skiing, hiking, and river sports are outstanding in Wyoming. This site will acquaint you with some basic facts about what it's like to retire in Wyoming.
The Wikipedia entry for Wyoming has more facts.
The Wyoming climate is characterized as semi-arid continental, a higher altitude climate that is drier and windier than most of the rest of the U.S. Humidity is low and sunshine is ample. Low temperatures are severe in winter. Summers are warm except in the mountains which tend to be cooler than at lower altitudes.
Per Capita Income and Economy
In 2006-8 the Wyoming the inflation adjusted household income was just over $53,000, about average for all states. According to Zillow.com the statewide median listing price of a home was $215,000 in early 2012, above the national average. Median listing home price in Cheyenne of $195,000 was also above the national median. Mineral extraction (coal, gas, oil, uranium) and tourism dominate the economy.
Tax Burden: Wyoming is a tax friendly state. Its total tax burden ranks 48th of the 50 states. Total tax burden in Cheyenne is 3.9%, the lowest of any of the 50 states' largest cities.
Marginal Income Tax Rates. It has no state income tax.
Sales Tax: Sales tax is a low 4%.
Property Taxes: Veterans get an exemption on property tax. Property taxes are 4th highest in the nation.
Estate and/or Inheritance Taxes. There is no state inheritance or estate tax in Wyoming.
Link to http://revenue.wyo.gov/
Certified Retirement Communities
Wyoming does not have a certified retirement community program.
Best retirement communities
Several cities and towns in Wyoming are popular as retirement communities, particularly resort towns like Jackson Hole and its surrounding areas. Cheyenne is the capital as well as the economic center of the state. Casper, Gillette, Rock Springs, Sheridan, and Green River are some of the larger towns. Laramie, home to the University of Wyoming, is a great town for both retirees and young people.
At Topretirements.com our job is to provide the objective facts and peer-reviewed profiles to help you choose the right retirement community. Check out the more than 600 retirement town reviews on this site.