Best States for Business 2019

Wyoming

the place image

Wyoming

gross state product
$40B
population
577.7K
median household income
$62,436
cost of doing business
1% below nat'l avg
college attainment
27.6%
unemployment
3.7%
moody`s bond rating
n/a
governor
Mark Gordon
As of December 2019
Wyoming's economy is different from most states with mineral extraction and tourism comprising major industry sectors. The federal government owns roughly half of the state’s landmass. Top tourist attractions include: Grand Teton National Park, Yellowstone National Park and Independence Rock. Yellowstone opened as the world's first national park and attracted 4.1 million visitors in 2018, down 3% from 2016 when it set a record. The Tax Foundation ranks Wyoming first in its analysis of state tax costs on business. Wyoming is
the least populous state in the U.S.
... Read More
On forbes lists
#22
In Business Costs
#39
In Labor Supply
#12
In Regulatory Environment
#49
In Economic Climate
#23
In Growth Prospects
#36
In Quality of Life
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1.3% (year: 2018)
Projected Annual Job Growth
0.6%
Unemployment
3.7%
Median Household Income
$62,436
Household Income Growth
1.2%
Right to Work State
yes
Union Workforce
6.5%
  • Sources: Moody's Analytics; U.S. Census; ATTOM Data Solutions; FBI; BLS; Forbes.
  • a. Index measures whether a family earning the median income can afford the median-priced home. A value of 120 indicates a typical household has 20% more income than needed for the typical home.
Key Connections
People
Companies
Top Colleges

More on Forbes

Jan 25, 2024

The 5 Best Hotels In Jackson Hole

The best hotels in Jackson Hole, Wyoming range from high-end luxury stays to smaller, boutique hotels perfect to use as a home base. Here's where to stay in 2024.