Wyoming variant. This is a Wyoming-specific version of the Workers Comp Cost Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Workers Comp Cost Estimator.
Workers' compensation premiums in Wyoming are priced per $100 of payroll, by job classification. On a $72,495 salary at an illustrative $1.00 rate, the annual premium is about $725.
How Wyoming workers' comp is priced
Premium = (payroll ÷ 100) × class rate × experience modifier. Clerical roles carry low rates; construction and trucking carry much higher ones.
Wyoming sets its own rules and rates. The calculator above lets you enter your real payroll, class rate, and mod factor for an accurate Wyoming estimate.
About taxes and housing in Wyoming
Wyoming levies no state income tax and also imposes no corporate income tax.
Wyoming has a low effective property tax rate near 0.58%, with median home values around $320,000.
Wyoming's economy is dominated by energy extraction, including coal, oil, and natural gas, along with tourism and ranching.
Worked example: $72,495 payroll
($72,495 ÷ 100) × $1.00 = $725/year at a sample clerical rate. A construction class rate of $8.00 would make it $5,800.
Quick reference
- State income tax: No state income tax
- State sales tax: 4% (plus 1.44% avg local)
- Median home value: $320,000
- Median household income: $72,495
- Effective property tax rate: 0.58%
- Avg auto insurance: $1,399/yr
Frequently Asked Questions
How is workers' comp calculated in Wyoming?
By payroll ÷ 100 × class rate × experience modifier, using Wyoming's approved rates.
Is workers' comp required in Wyoming?
Most Wyoming employers must carry coverage once they have employees; rules vary by industry and headcount.