Wyoming – Retirement Guide

Wyoming   Retirement Guide

From the jagged peaks of the Teton Mountains to the windswept fields of the High Plains, Wyoming has no shortage of breathtaking landscapes to offer retirees. The state also has no shortage of open spaces: with just over 568,000 residents, and an average of 6 residents per square mile, Wyoming feels vast.

The Cowboy State, as it’s called, seems to take its nickname seriously. There’s still a sense of a “Wild West” mentality among residents, who are fiercely independent and typically conservative. In fact, the state has one of the largest percentages of self-identified conservatives in the nation.

Remnants of the Wild West culture still permeate swaths of Wyoming. Retirees will discover Wyoming hosts a number of major rodeos, such as the famed Frontier Days in Cheyenne. The can also visit popular landmarks dedicated to historic figures such as Butch Cassidy, who owned a ranch in Wyoming, and Wild Bill Cody (see: Cody, Wyoming).

Thanks to enormous swaths of land being government-owned, and thus, designated public, retirees have plenty of opportunities to take advantage of the great outdoors.

Pros: Enormous swaths of public land, rugged landscape with excellent outdoor activities
Con: The sparsely populated state can feel lonely to some retirees

At a Glance
Best For: Outdoors lovers
Population: 568,158
Cost of Living: 1% lower than national average
Median Home Cost: $86,300
Unemployment: 4.9%
Top State Income Tax: No state income tax

Skiing in Jackson Hole, hiking in Grand Teton and Yellowstone National Parks and fly-fishing in the state’s rivers are among the Wyoming’s most popular activities.

Wyoming can also be an affordable destination for retirees. There is no state income tax, no taxes on Social Security benefits and other retirement incomes, and no estate or inheritance tax. While the cost of living here is on par with the national average, median home prices are extremely low, at around $86,300.

There are downsides to living in Wyoming. The sparse population can feel isolating for some residents. Weather may also be an issue. Wyoming’s winters can be brutally cold and snowy.

Photo by fortherock via Flickr. All statistics were up to date as of publication. See these sources for the most current data.