Overview of Wyoming

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $4.87
• Budget Limit ($ Billions): $5.09
• Budget Limit Growth ($ Billions): 4.54%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($5,502.68)
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($22,011)
• Cumulative cost per person of budgeting more than pop+inf over the last decade: ($50,289.55)
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($201,158.21)

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $5.89
• Budget Limit ($ Billions): $6.16
• Budget Limit Growth ($ Billions): 4.54%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($974.54)
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($3,898.16)
• Cumulative cost per person of budgeting more than pop+inf over the last decade: ($8,629.06)
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($34,516.24)

Other Considerations

• Economic Freedom (2020) (Rank): 19 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $3,239 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 34 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $4,691 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 7.50% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 2 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 1 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 0.00% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 50 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 5.36% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 44 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.56% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 47 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 0 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 32 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $19,235 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 48 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 8.7 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 13 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 7.2 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 13 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 63.80% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 19 [Bureau of Labor Statistics]