Wyoming

Data insights on state-to-state migration, income movement, and demographic trends for Wyoming between the 2022 and 2023 tax filing years.

Overview

• Net gain of 153 tax-filing households and 337 individuals.
• Net inflow of $145.1M in adjusted gross income (AGI).
• Net migration rate: +0.6 people per 1,000 residents (population: 584,057).

Migration Patterns

• Largest inflow: 2,280 households from Colorado ($179.2M AGI).
• Largest outflow: 1,874 households to Colorado ($129.9M AGI).

Top Origin States (Inbound Migration)

• 1. Colorado: 2,280 households, $179.2M AGI
• 2. California: 1,092 households, $157.1M AGI
• 3. Utah: 820 households, $51.3M AGI
• 4. Texas: 757 households, $65.6M AGI
• 5. Montana: 643 households, $35.9M AGI

Top Destination States (Outbound Migration)

• 1. Colorado: 1,874 households, $129.9M AGI
• 2. Utah: 958 households, $61.1M AGI
• 3. Texas: 827 households, $64.1M AGI
• 4. Montana: 700 households, $42.1M AGI
• 5. Idaho: 645 households, $46.5M AGI

Two-Way Migration Churn

• Colorado: 2,280 in, 1,874 out (+406 net households, +$49.3M AGI).
• Utah: 820 in, 958 out (-138 net households, -$9.7M AGI).
• California: 1,092 in, 609 out (+483 net households, +$99.2M AGI).
• Texas: 757 in, 827 out (-70 net households, +$1.5M AGI).

Historical Migration Trends (2012–2023)

• Net AGI gain: +$3.6B (nominal).
• Net people change: -5,568.

Annual breakdown (nominal AGI):

• 2012: +$212.5M (net people: +3,286).
• 2013: +$219.6M (net people: +186).
• 2014: +$67.4M (net people: -1,504).
• 2015: +$221.6M (net people: +198).
• 2016: +$107.4M (net people: -3,649).
• 2017: -$79.3M (net people: -9,217).
• 2018: +$64.9M (net people: -1,759).
• 2019: +$221.6M (net people: +418).
• 2020: +$863.2M (net people: +1,504).
• 2021: +$548.5M (net people: +2,093).
• 2022: +$984M (net people: +2,539).
• 2023: +$145.1M (net people: +337).

Demographics

• Median age: 38.8 years.
• Median household income: $74,815 (5% below U.S. median).
• College degree: 30% of adults 25+.
• Poverty rate: 10.7%.
• Average commute: 19 minutes.
• Broadband at home: 89% of households.

Race and ethnicity (share of residents):

• White: 82%
• Hispanic: 10%
• Black: 1%
• Asian: 1%
• Other: 6%

Housing

• Median home value: $285,100 (6% below U.S. median).
• Median rent: $968 (28% below U.S. median).
• Homeownership rate: 72%.
• Home-price appreciation (past 5 years): +43.7%.
• New home construction (2023): 1,681 units authorized (84% single-family).

Economy and Cost of Living

• Cost of living: 8% below U.S. average.
• Unemployment rate: 2.9% (2023 average).
• Labor force: 293,568 (285,002 employed).
• Income per person: $83,038 (19% above U.S. average).
• Price parity: 91.6 (8.4% below U.S. average).

Price parity by category (index where 100 = U.S. average):

• Housing & rents: 75.7
• Goods: 97.1
• Utilities: 74.1
• Other services: 94.8

Net Migration by Income Bracket (2022–2023)

• $1–$10k: +37 households (+$23K AGI).
• $10k–$25k: -141 households (-$2.6M AGI).
• $25k–$50k: -46 households (-$367K AGI).
• $50k–$75k: +64 households (+$3.4M AGI).
• $75k–$100k: +49 households (+$4M AGI).
• $100k–$200k: +50 households (+$8.3M AGI).
• $200k+: +124 households (+$131.8M AGI).

Goods Trade (2022)

• Ships to other states: $12.6B (+10% since 2017).
• Receives from other states: $26.0B (+78% since 2017).
• Net balance: -$13.4B.

Top goods shipped out:

• Gasoline and aviation turbine fuel: $5.3B.
• Basic chemicals: $3.2B.
• Coal: $3.2B.

Top goods received:

• Gasoline and aviation turbine fuel: $5.0B.
• Mixed freight: $2.4B.
• Fuel oils: $1.5B.

Biggest trading partners (both ways):

• Colorado: $2.6B shipped, $5.8B received (-$3.2B net).
• Utah: $639M shipped, $6.3B received (-$5.6B net).
• Texas: $2.3B shipped, $1.2B received (+$1.1B net).

Taxes

• Total state taxes (FY 2023): $3B.
• Per resident: $5,140.
• Largest category: Severance taxes ($1.1B, 38% of total).