Retiring in Wyoming
Wyoming, located in the western United States, is a desirable retirement destination for many Americans seeking a peaceful and picturesque environment with access to outdoor activities, a low cost of living, and a strong sense of community. With its rugged landscapes, wide-open spaces, and friendly people, Wyoming offers a unique retirement experience that attracts many retirees every year. According to data from the U.S. Census Bureau in 2020, Wyoming had a population of approximately 577,000 people, with over 15% of the population being over the age of 65, making it one of the top states with a large retirement population.
What age can you retire in Wyoming?
Like many states, Wyoming has no specific retirement age that is mandated by law. This means that individuals are free to retire whenever they choose, as long as they are able to financially support themselves. However, there are some age-related benefits and considerations for retirees in Wyoming:
Why do people retire in Wyoming?
Natural beauty: Wyoming is known for its breathtaking natural beauty, including Yellowstone National Park, Grand Teton National Park, and the Rocky Mountains. Retirees can enjoy living in a serene and picturesque environment that offers plenty of opportunities for outdoor activities such as hiking, camping, fishing, and skiing.
Low cost of living: Wyoming's cost of living is generally lower than the national average, which can be a major benefit for retirees on a fixed income. Housing and healthcare costs are also relatively affordable compared to other states.
Sense of community: Wyoming has a strong sense of community, with friendly and welcoming people who take care of each other. Retirees can enjoy a peaceful and supportive environment where they can make new friends and get involved in local activities and events.
What puts people off retiring to Wyoming?
Harsh weather conditions: Wyoming's climate can be harsh and unpredictable, with cold winters and hot summers. This may be a concern for retirees who are not used to extreme weather conditions.
Limited healthcare options: Wyoming's rural nature means that healthcare options may be limited in some areas, which could be a concern for retirees with chronic health conditions.
Distance from major cities: Wyoming's small population and remote location mean that it can be far from major cities and cultural attractions. This may be a concern for retirees who are used to living in more urban areas.
Best places to retire in Wyoming
If Wyoming is your chosen retirement state, here are some of the best places to retire in:
Jackson: This charming town located in Teton County is surrounded by mountains and offers a wide range of outdoor activities, including hiking, fishing, and skiing. The town also has a vibrant arts scene and numerous galleries and museums.
Laramie: This college town located in Albany County is home to the University of Wyoming and offers a low cost of living, a lively downtown area, and numerous parks and trails.
Cody: This town located in Park County is known for its western heritage and is home to the Buffalo Bill Center of the West, which showcases the history and culture of the American West. Cody also offers easy access to Yellowstone National Park.
Sheridan: This town located in Sheridan County offers a mild climate, a historic downtown area, and numerous outdoor activities, including hiking and skiing.
Green River: This town located in Sweetwater County offers a low cost of living, a small-town atmosphere, and easy access to outdoor activities such as hiking, fishing, and boating.
Casper: This city located in Natrona County offers a low cost of living, a thriving arts and culture scene, and easy access to outdoor activities such as skiing and fishing.
In conclusion, Wyoming offers a range of retirement lifestyle options, with a vibrant arts scene, outdoor activities and strong sense of community but retirees should also be prepared for Wyoming’s remote location. It's important to seek expert financial advice to weigh up all of the costs associated with retiring in Wyoming, including property taxes, insurance, and living expenses, in order to make an informed decision about whether the state is the right choice for your retirement.
Kate has written for leading publications and blue chip companies over the last 20 years.