Debt per capita:
$2,409 (13th lowest) Budget deficit:
5.4% (7th lowest) Median household income:
$54,901 (17th highest) Pct. below poverty line:
12.6% (13th lowest)
Wyoming was the nation’s largest producer of coal and the third-largest producer of natural gas in 2011. Mining accounted for 28% of the state’s GDP in 2012. Additionally, the Cowboy State has the nation’s best business tax climate, according to the Tax Foundation, due in part to the lack of corporate or individual income tax. Together, these factors may have contributed to the state’s healthy economy, which featured low unemployment and foreclosure rates as of 2012. The state’s population is also well-educated. Nearly 92% of adults over 25 years old had a high school diploma last year, better than all but a handful of states. Despite the many positive factors, the state’s GDP growth was weak last year, growing at just 0.2%.
(Photo: iStock) More from 24/7 Wall St.
: America's Most Dangerous States States with the Fastest Growing Economies 10 Companies That Pay Americans the Least The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.