in
Uinta County According to the
Bureau of Economic Analysis, in 2025, Wyoming's
gross state product was $52.6 billion and the state's per capita personal income was $89,806. , the population was growing slightly with the most growth in tourist-oriented areas, such as
Teton County. Boom conditions in neighboring states, such as
North Dakota, were drawing energy workers away. About half of Wyoming's counties showed population loss. The state makes active efforts through Wyoming Grown, an internet-based recruitment program, to find jobs for young people educated in Wyoming who have emigrated but may wish to return. , the state's
unemployment rate was 3.3%. In 2025, Wyoming experienced its highest growth in new business formations, up 35% from 2024 with 227,723 new businesses formed, according to
Business Observer. That same year,
small businesses made up 98.9% of businesses in the state, and employed 65.2% of its work force. The mineral-extraction industry and travel and tourism sector are the main drivers of Wyoming's economy. The federal government owns about 42.3% of its landmass, while the state controls 6%.
Tyler Lindholm, a former state legislator, claimed that 500 member-owned limited liability companies built on blockchain had been established and that 17,000 businesses with "crypto" in their name were registered by 2023. State legislators appointed a commission in 2023 to create a
stablecoin, aiming to be the first cryptocurrency created by a U.S. state. It launched in August 2025.
Mineral and energy production , the largest estimated coal mine reserve in the world, as of 2013 west of the
Wind River Range Wyoming's mineral commodities include coal,
natural gas,
coalbed methane,
crude oil,
uranium, and
trona.
Coal Wyoming produced 277 million
short tons (251 million metric tons) of coal in 2019, a 9% drop from 2018.
Wyoming's coal production peaked in 2008, when 514 million short tons (466 million metric tons) were produced.
Oil Wyoming produced of crude oil in 2007, ranking fifth nationwide in oil production. By 2022, Wyoming ranked eighth nationally in the production of both crude oil and natural gas and was the second-largest producer of oil and gas on federal lands. At its peak in 2022, the state had 27,951 producing wells, including 10,120 oil wells and 17,800 gas wells. Wyoming's oil reserves were estimated at 978 million barrels at the end of 2021, representing 2.4% of U.S. reserves. The state had four operational refineries in 2022 with a combined refining capacity of 125,850 barrels per day, a significant reduction from the 14 refineries operating in 1981.
Wind energy Because of its geography and altitude, the potential for wind energy in Wyoming is one of the highest of any U.S. state. The
Chokecherry and Sierra Madre Wind Energy Project is the largest commercial wind generation facility under development in North America.
Carbon County is home to the largest proposed wind farm in the nation. Construction plans have been halted because of proposed new taxes on wind power energy production.
Other The
Kelsey Lake Diamond Mine in Colorado, less than from the Wyoming border, produced gem-quality diamonds for several years. The
Wyoming craton, which hosts the
kimberlite volcanic pipes that were mined, underlies most of Wyoming. Wyoming possesses the world's largest known reserve of
trona, a mineral used in manufacturing glass, paper, soaps, baking soda, water softeners, and pharmaceuticals. In 2008, Wyoming produced 46 million short tons (41.7 million metric tons) of trona, 25% of the world's production. In 2024, the uranium industry in the state experienced a significant resurgence due to a sharp increase in uranium prices. Rare earth metals are also among Wyoming's mineral commodities.
Taxes Unlike most other states, Wyoming levies no individual or corporate
income tax. It also assesses no tax on retirement income earned and received from another state. Wyoming has a state
sales tax of 4%. Counties have the option to collect an additional 1% tax for general revenue and a 1% tax for specific purposes, if approved by voters. Food for human consumption is not subject to sales tax. A county lodging tax varies from 2% to 5%. The state collects a
use tax of 5% on items purchased elsewhere and brought into Wyoming. All
property tax is based on the property's assessed value; Wyoming's Department of Revenue's Ad Valorem Tax Division supports, trains, and guides local government agencies in the uniform assessment, valuation and taxation of locally assessed property. "Assessed value" means taxable value; "taxable value" means a percentage of the fair market value of property in a particular class. Statutes limit property tax increases. For county revenue, the property tax rate cannot exceed 12
mills (or 1.2%) of assessed value. For cities and towns, the rate is limited to eight mills (0.8%). With very few exceptions, state law limits the property tax rate for all governmental purposes.
Personal property held for personal use is tax-exempt. Inventory held for resale, pollution control equipment, cash, accounts receivable, stocks and bonds are also exempt. Other exemptions include property used for religious, educational, charitable, fraternal, benevolent and government purposes and improvements for handicapped access. Mine lands, underground mining equipment, and oil and gas extraction equipment are exempt from property tax, but companies must pay a gross products tax on minerals and a
severance tax on mineral production. Severance taxes on natural resources fund the
Wyoming Permanent Mineral Trust Fund, the state's largest sovereign wealth fund. Wyoming does not collect
capital gains tax,
gift tax, or
estate tax. In 2008, the
Tax Foundation reported that Wyoming had the most "business-friendly" tax climate of any U.S. state. Wyoming state and local governments in fiscal year 2007 collected $2.242 billion in taxes, levies, and royalties from the oil and gas industry. The state's mineral industry, including oil, gas,
trona, and coal, provided $1.3 billion in property taxes from 2006 mineral production. As of 2017, Wyoming receives more federal tax dollars as a percentage of state general revenue than any state except
Montana. As of 2016, Wyoming does not require the beneficial owners of
LLCs to be disclosed in the filing, which creates an opportunity for a tax haven, according to
Clark Stith of Clark Stith & Associates. If fact, Wyoming was the first state to enact a statute authorizing the creation of LLCs. By 2024, company registrations were higher per capita in Wyoming than those in
Delaware, which is historically the most prominent US tax haven. Entities linked to
foreign adversaries have been observed exploiting Wyoming's business filing policies for fraudulent purposes, prompting state legislators to draft bills for increased oversight and restrictions. One of these bills, targeting foreign adversaries, was signed into law on February 24, 2025. Three interstate highways and 13 U.S. highways pass through Wyoming. The
Wyoming state highway system also serves the state.
Interstate 25 enters Wyoming south of Cheyenne and runs north, intersecting Interstate 80 immediately west of Cheyenne. It passes through Casper and ends at Interstate 90, near
Buffalo.
Interstate 80 crosses the Utah border west of
Evanston and runs east through the southern third of the state, passing through Cheyenne before entering Nebraska near
Pine Bluffs.
Interstate 90 comes into Wyoming near
Parkman and cuts through the northeastern part of the state. It serves
Gillette and enters South Dakota east of
Sundance. U.S. Routes
14,
16, and
the eastern section of U.S. 20 have their western terminus at the eastern entrance to Yellowstone National Park and pass through
Cody. U.S. 14 runs eastward before joining I-90 at
Gillette. U.S. 14 then follows I-90 to the South Dakota border. U.S. 16 and 20 split off of U.S. 14 at
Greybull and U.S. 16 turns east at
Worland while U.S. 20 continues south
Shoshoni.
U.S. Route 287 runs from
Fort Collins, Colorado, to
Laramie, Wyoming, through a pass between the
Laramie Mountains and the
Medicine Bow Mountains, then merges with US 30 and I-80 until it reaches Rawlins, where it continues north, passing Lander. Outside of
Moran, U.S. 287 is part of a large interchange with U.S. Highways 26, 191, and 89, before continuing north to Yellowstone's southern entrance. U.S. 287 continues north of Yellowstone, but the park separates the two sections. Other
U.S. highways that pass through Wyoming are
18,
26,
30,
85,
87,
89,
189,
191,
212, and
287. Wyoming is one of only two states (the other is
South Dakota) in the
48 contiguous states not served by
Amtrak. It was once served by Amtrak's
San Francisco Zephyr and
Pioneer lines. While no passenger trains roll through Wyoming today, intercity buses continue to connect residents across the state. Intercity bus carriers in the state include
Express Arrow,
Greyhound Lines, and
Jefferson Lines.
Major interstates • (300.5 mi) connects
Denver,
Cheyenne,
Casper and
Buffalo. Most of the highway is connected with
US 87. Major junctions include
Interstate 80,
US 30,
US 85,
US 26, US Routes
18 &
20 and
US 16 before its northern terminus at
Interstate 90 in Buffalo. • (402.8 mi) connects
Evanston,
Rock Springs,
Rawlins,
Laramie and
Cheyenne. Major junctions include
US 191,
US 287,
I-25, and
US 85 &
I-180. • (208.8 mi) connects
Sheridan,
Buffalo and
Gillette. Primarily in northeastern Wyoming. Major junctions include
US 14,
I-25 and
US 16.
Wind River Indian Reservation The
Eastern Shoshone and
Northern Arapaho tribes share the Wind River
Indian Reservation in central western Wyoming, near
Lander. The reservation is home to 2,500 Eastern Shoshone and 5,000 Northern Arapaho.
Chief Washakie established the reservation in 1868 as the result of negotiations with the federal government in the
Fort Bridger Treaty, but the federal government forced the Northern Arapaho onto the Shoshone reservation in 1876 after it failed to provide a promised separate reservation. It is a sovereign, self-governed land with two independent governing bodies: the Eastern Shoshone Tribe and the Northern Arapaho Tribe. Until 2014, the Shoshone Business Council and Northern Arapaho Business Council met jointly as the Joint Business Council to decide matters that affect both tribes. Most of it is administered by the
Bureau of Land Management and
U.S. Forest Service in numerous
national forests and a
national grassland, not to mention vast swaths of public land and an
air force base near Cheyenne. There are also areas managed by the
National Park Service and agencies such as the
U.S. Fish and Wildlife Service. :
National parks •
Grand Teton National Park •
Yellowstone National Park—first designated national park in the world :
Memorial parkway • The
John D. Rockefeller Jr. Memorial Parkway connects Yellowstone and Grand Teton. :
National recreation areas •
Bighorn Canyon National Recreation Area •
Flaming Gorge National Recreation Area (managed by the Forest Service as part of
Ashley National Forest) :
National monuments •
Devils Tower National Monument—first national monument in the U.S. •
Fossil Butte National Monument :
National historic trails, landmarks and sites •
California National Historic Trail •
Fort Laramie National Historic Site •
Independence Rock National Historic Landmark •
Medicine Wheel/Medicine Mountain National Historic Landmark •
Mormon Pioneer National Historic Trail •
National Register of Historic Places listings in Wyoming •
Oregon National Historic Trail •
Pony Express National Historic Trail :
National fish hatcheries •
Jackson National Fish Hatchery •
Saratoga National Fish Hatchery :
National wildlife refuges •
National Elk Refuge •
Seedskadee National Wildlife Refuge File:Castle Geyser (3678669019).jpg|
Yellowstone National Park File:A110, Devils Tower National Monument, Wyoming, USA, 2004.jpg|
Devils Tower National Monument File:Thunder Basin National Grassland Douglas.jpg|
Thunder Basin National Grassland File:Seedskadee nwr sunset.jpg|
Seedskadee National Wildlife Refuge ==Education==