Michigan
Moderate tax burden · COL index 88
Wins 7 categories
Wyoming
Low tax burden · COL index 101
Wins 9 categories
Wyoming has no state income tax. Michigan's top rate is 4.25%. Cost of living in Wyoming (index 101) runs 15% higher than Michigan (index 88). Property taxes are meaningfully different: Michigan averages 1.32% annually vs Wyoming's 0.55%. The median home in Wyoming costs $350K vs $250K in Michigan.
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Category wins
7
Michigan
9
Wyoming
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What is the downfall of living in Wyoming?
Why are people moving away from Wyoming?
Is Michigan considered a good state to live in?
Michigan placed 32nd overall, towards the top of the bottom half. The state placed 15th in affordability and 10th in quality of life but suffered from placing 42nd in economy, 35th in education and health, and 35th in safety.
What are the pros and cons of living in Wyoming?