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Lyman, Kemmerer, Jackson: These cities aren't just some of the best places to live in Wyoming. They are also home to some of the richest people in the Equality State.
Lyman in particular houses the richest residents in the state thanks, in part, to a median household income of $86,667 and a ridiculously low poverty rate of 8.818181818181818%.
If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Wyoming share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 30 places in Wyoming with more than 2,000 people.
At the end of the day, here's the set of the 10 richest places in Wyoming for 2020:
- Lyman (Photos | Homes For Sale)
- Kemmerer (Photos | Homes For Sale)
- Jackson (Photos | Homes For Sale)
- Pinedale (Photos | Homes For Sale)
- Cody (Photos | Homes For Sale)
- Douglas (Photos | Homes For Sale)
- Bar Nunn (>Homes For Sale)
- Wheatland (Photos | Homes For Sale)
- Sheridan (Photos | Homes For Sale)
- Casper (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Wyoming.
Rich people not your cup of tea? Feel free to check out some more reading about Wyoming:
The 10 Richest Cities In Wyoming For 2020
Jackson is a town in the Jackson Hole valley of Teton County, Wyoming, United States. The population was 9,577 at the 2010 census, up from 8,647 in 2000. It is the county seat of Teton County and is its largest town.
Douglas is a city in Converse County, Wyoming, United States. The population was 6,120 at the 2010 census. It is the county seat of Converse County and the home of the Wyoming State Fair.
Wheatland is a town in and the county seat of Platte County in southeastern Wyoming, United States. The population was 3,627 at the 2010 census.
Sheridan is a city in Sheridan County, Wyoming, United States. The 2010 census put the population at 17,444 and a Micropolitan Statistical Area of 29,116. It is the county seat of Sheridan County.
Casper is a city in and the county seat of Natrona County, Wyoming, United States. Casper is the second largest city in the state, according to the 2010 census, with a population of 55,316. Only Cheyenne, the state capital, is larger. Casper is nicknamed "The Oil City" and has a long history of oil boomtown and cowboy culture, dating back to the development of the nearby Salt Creek Oil Field. In 2010, Casper was named the highest-ranked family-friendly small city in the West, and ranked eighth overall in the nation in Forbes magazine's list of "the best small cities to raise a family".
How We Determined The Richest Places In Wyoming For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 30 places with more than 2,000 people in Wyoming, we ranked each place from 1 to 30 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Lyman, crowned the "Richest City In Wyoming For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 30 places.
There You Have It - The Wealthiest Places In Wyoming For 2020
Like we said earlier, when we set out to identify the richest places in Wyoming, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Wyoming.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Wyoming, according to data:
2nd Poorest: Lovell
3rd Poorest: Laramie
For more Wyoming reading, check out:
Detailed List Of The Richest Cities In Wyoming