Wyoming Income Tax
Wyoming has no state income tax. This makes it one of the most attractive states for high earners and retirees. You will still owe federal income tax.
Wyoming Sales Tax
The state sales tax rate in Wyoming is 4%. With an average local sales tax of 1.36%, the combined average sales tax rate is 5.36%.
Wyoming Property Tax
The effective property tax rate in Wyoming is 0.56%. With a median home value of $289,500, the median annual property tax bill is $1,452 ($121/month).
Wyoming has some of the lowest property taxes in the nation, making homeownership more affordable.
Corporate & Business Taxes
The corporate tax rate in Wyoming is 0%. Wyoming does not impose a traditional corporate income tax, making it attractive for businesses.
Other Taxes in Wyoming
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.24/gallon |
| Cigarette Tax | $0.60/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
Lowest tax burden in the US. No income tax (personal or corporate). Revenue from mineral extraction.
Compare to Other States
See how salaries compare on our average salary in Wyoming page. Thinking about starting a business? Check our LLC guide for Wyoming. See the current minimum wage in Wyoming.
Financial Calculators
Plan your finances in Wyoming with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford