Historical data
Pick an indicator to see its long-run evolution.
Median household income
1980–2023Census / ACS, nominal dollars.
Wyoming GDP
Wyoming's gross domestic product totaled about $52.0 billion in 2023, ranking 49th among U.S. states despite the state's outsized energy production.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED WYRGSP).
| Indicator | Wyoming | U.S. |
|---|---|---|
| GDP per capita ($) | 88600 | 82000 |
- •Wyoming's GDP is the 2nd-smallest of any state in absolute terms, but its GDP per capita ranks near the top 10 nationally.
- •Mining and energy extraction remain the single largest contributor to Wyoming's output.
- •Wyoming has no state income tax, relying heavily on severance taxes and mineral royalties instead.
Wyoming GDP Growth
Wyoming's real GDP grew approximately 3.2% in 2023, outpacing many states thanks to strong energy and mineral extraction activity.
Real GDP growth
1998–2025Annual % change in BEA real GDP (WYRGSP).
| Indicator | Wyoming | U.S. |
|---|---|---|
| GDP growth (%) | 3.2 | 2.5 |
- •Wyoming's growth is closely tied to global energy prices given its reliance on coal, oil and natural gas.
- •Volatility in commodity markets can cause sharp swings in Wyoming's year-to-year growth rate.
- •Diversification efforts include tourism (Yellowstone, Grand Teton) and renewable energy like wind power.
Wyoming Personal Income
Per-capita personal income in Wyoming reached approximately $76,000 in 2023, reflecting the state's energy-driven economy and small population base.
Per capita personal income
1970–2025BEA, current dollars (FRED WYPCPI).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Per capita personal income ($) | 76000 | 69810 |
- •Wyoming ranks among the top 10 states for per-capita personal income despite its small economy.
- •No state income tax means residents keep a larger share of earned income.
- •Mineral royalty payments and severance tax revenue supplement household earnings statewide.
Wyoming Median Household Income
The median household income in Wyoming was $72,415 in 2023, close to the national median and among the highest in the Mountain West.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSWYA646N).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Median household income ($) | 72415 | 77719 |
- •Wyoming's lack of a state income tax boosts effective take-home pay compared to nominal income.
- •Income varies widely between energy-producing counties like Campbell County and rural agricultural areas.
- •Teton County has the highest per-capita income in Wyoming, driven by wealth concentration near Jackson Hole.
Wyoming Poverty Rate
Wyoming's poverty rate stood at 10.8% in 2023, slightly below the national average, aided by low unemployment and no state income tax.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAAWY56000A156NCEN).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Poverty rate (%) | 10.8 | 11.5 |
- •Wyoming's poverty rate is lower than the national average despite having no major metropolitan job hubs.
- •Poverty is more concentrated on the Wind River Reservation and in some rural counties.
- •Low unemployment near 3.1% helps keep the poverty rate below the U.S. average.
Wyoming Inflation & Cost Trends
Consumer prices in Wyoming have tracked national inflation trends closely, with regional gasoline prices near $3.05 per gallon in 2024.
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
CPI inflation, West region
2007–2025BLS CPI-U all items, West region, annual average change (CUUR0400SA0).
- •Wyoming's overall cost of living remains below the national average despite rising housing costs in resort areas.
- •Low residential electricity prices (11.4 cents/kWh) help offset inflation in other categories.
- •Housing costs in Teton County have surged well above statewide inflation trends due to limited supply.
Wyoming Economic Output
Wyoming's economy generates about $52.0 billion in annual output, driven disproportionately by mining, energy extraction and agriculture relative to its small population.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED WYNGSP).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Output per capita ($) | 88600 | 82000 |
- •Wyoming produces more energy per capita than any other U.S. state.
- •Mining accounts for a far larger share of Wyoming's output than in most states.
- •Agriculture, especially cattle ranching, remains an important economic sector despite the state's small population.
Wyoming Industry Breakdown
Mining and energy extraction dominate Wyoming's economy, followed by government services, tourism, and agriculture.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED WYGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED WYMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED WYCONS).
- •Wyoming produces about 41% of all U.S. coal, mostly from the Powder River Basin.
- •Yellowstone and Grand Teton National Parks drive a substantial tourism sector, drawing roughly 4.5 million annual visitors.
- •Wyoming is also the nation's top producer of trona, used to make soda ash.