Best Cities to Start a Business in Wyoming
Wyoming rightfully deserves its reputation as one of the best states to start a business in. The state is one of the most tax-friendly in the nation, not levying an individual or corporate income tax. Sales tax is a mere 4%, and that does not include any food intended for human consumption, which is not eligible to be taxed.
Businesses situated in Wyoming are poised to thrive with such a limited tax burden. Perhaps this is why Wyoming boasts one of the highest business survival ratios in the country.
Entrepreneurs that come to Wyoming also enjoy a cost of living favorably to that of the national average and the opportunity to enjoy a relaxed, peaceful lifestyle, as even Cheyenne, the state’s capital and most populous city, has a population of less than 65,000.
Residents in the state have access to some of the nation’s most breathtaking national parks, including Yellowstone and Grand Teton National Park. Opportunities for outdoor activity abound.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
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