With an area of 97,814 square miles, the state of Wyoming is ranked 10th in the nation. Its capital city is Cheyenne and with a population of 584,153, as it was estimated in 2014, is the least populous state in the US. The landmarks of the state are “Yellowstone National Park”, “Cheyenne Frontier Days Old West Museum” and “National Museum of Wildlife Art”. The state’s official nickname is “Equality State”.
The state of Wyoming has one private four-year college, Wyoming Catholic College and one public four-year institution, the University of Wyoming. Also in the state are located seven two–year community colleges spread through the state.
The state’s gross state product was estimated in 2012 to be $38.4 billion, according to the US Bureau of Economic Analysis. The unemployment rate in the state was 7.6% as it was estimated at 2010. Tourism is one of the major sectors in the state;s economy and accounts for around $2 billion in revenue. Agriculture is also a very important industry in the state, with its main commodities produced in the state such as livestock, hay, sugar beets, grain, and wool.
The state’s mineral commodities include coal, natural gas, coal – bed methane, crude oil and uranium. The state’s sales tax is 4% and the counties collect an additional 1% tax for general revenue and 1% tax for specific purposes. Other taxes in the state are: a use tax of 5%, a county lodging tax that varies from 2% to 5% and a property tax that includes trains, local government agencies in the uniform assessment, valuation and taxation of locally assessed property.
The state of Wyoming in 2008 was ranked as having the most business friendly tax climate of all 50 states. The cost of living in the state is 104.40, which is more expensive than the average in the US.