Lyman, Wyoming is a small town located in the northern part of the state. It has a population of around 900 people and offers a peaceful atmosphere with plenty of outdoor activities. The cost of living is much lower than in many other parts of the US, as evidenced by the 2-bedroom rental price of only $840 compared to $1,430 nationally. Grocery costs are also lower, coming in at 92 on the cost index versus 100 for the US as a whole.
The local economy is supported largely by agriculture and mining industries. There are several companies that operate within Lyman such as Big Horn Basin Mining Co., Pavillion Oilfield Services, Cheyenne Wells Energy Services, and Sweetwater Agri-tech Inc. All these businesses provide an essential boost to Lyman's economy and help keep its citizens employed. Despite being relatively small, Lyman is an important part of Wyoming's economic landscape and it continues to grow steadily every year.
Lyman has an unemployment rate of 6.6%. The US average is 6.0%.
Lyman has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.1%, which is lower than the US average of 33.5%.
Tax Rates for Lyman
- The Sales Tax Rate for Lyman is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Lyman is 0.0%. The US average is 4.6%.
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Income and Salaries for Lyman
- The average income of a Lyman resident is $33,331 a year. The US average is $37,638 a year.
- The Median household income of a Lyman resident is $89,900 a year. The US average is $69,021 a year.