Homebuyers Find Wide-Open Spaces and a Healthy Lifestyle in Wyoming
For homebuyers who are tired of pollution, big-city traffic jams and crime rates, Wyoming has much to offer. With only six people for each of its almost 98,000 square miles, Wyoming provides its residents with ample space, safety, clean air and freedom from crowds.
The violent crime rate is about half the national average and property crime is also significantly lower than the rest of the country. There are many uncommonly safe places to live in Wyoming that are also lung-healthy. The cities of Cheyenne and Casper were rated by the American Lung Association as two of the cleanest cities in the U.S. with regard to particle pollution.
Wyoming’s low-density population is a major factor in the state’s limited air pollution. There are fewer emissions from buildings’ HVAC systems and from vehicles. The low population also means there are long stretches of open roads and light traffic.
There’s an ample number of reasons to get outside and explore the state’s natural wonders in the fresh clean air. Wyoming’s national parks, which include Yellowstone and Grand Teton, account for millions of visits by the state’s residents and visitors each year.
State Transportation Infrastructure and Taxation
Although sparsely populated, Wyoming is also the tenth largest state. Transportation in a state of this size could have been a significant issue in inclement weather, but the roadways are well-maintained. The speed limits are also higher; you can typically get to your destination a bit quicker than you would elsewhere.
The city of Casper has an international airport and regional airports can be found in Cheyenne and Jackson Hole. Railroads also intersect the state along with interstate highways I-25, I-80, I-90, and I-180.
Wyoming does not currently have a personal state income tax or corporate income tax. There is also no inheritance or estate tax. Wyoming’s property tax and sales tax rates are two of the lowest in the U.S.
Cost of Homes in Wyoming
Overall home values in Wyoming have been predicted to rise by about another 2% after a past year increase of about 5%. The median overall statewide asking price for homes was around $246,000 at the end of the first quarter of 2019 with an overall median home value of about $227,000.
In Cheyenne, Wyoming’s capital city, the median list price for a single-family home was about $278,000 at the end of the first quarter of 2019. In Casper at that same time, the median list price for a single-family home was about $229,000. Although home values are predicted to increase by 3.1% over the next year in Cheyenne, it is believed they will remain relatively stable in Casper with only a 0.5% increase expected.