Michigan vs Wyoming: taxes, cost of living, laws

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.

Michigan

Wyoming

Taxes

4.25%

Income Tax (top rate)

None

1.32%/yr

Property Tax Rate

0.55%/yr

Sales Tax (avg)

5.34%

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

None

Housing & Cost of Living

COL Index (100=avg)

101

$250K

Median Home Price

$350K

$1,150/mo

Median Rent (2BR/mo)

$1,300/mo

$1K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

445

Violent Crime / 100K

221

1,670

Property Crime / 100K

1,812

405

Sex Offenders / 100K

424

Homeless / 100K

Healthcare

#25 of 50

Healthcare Quality Rank

#33 of 50

75.7 yrs

Life Expectancy

76 yrs

5.9%

Uninsured Rate

12.3%

Yes

Medicaid Expansion

Education

#38 of 50

K-12 Quality Rank

#39 of 50

School Choice / Vouchers

Childcare

$1,300/mo

Avg Infant Care / mo

$950/mo

Utilities & Daily Costs

$140/mo

Avg Energy Bill / mo

$115/mo

$460/mo

Avg Groceries / mo

$500/mo

#47 of 50

Road Quality Rank

#4 of 50

Social Policy

C+

Gun Laws Grade

R+2.0

2024 Presidential Margin

R+43.0

Category wins

Michigan

Wyoming

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