WYOMING — The State of Wyoming Department of Administration & Information has announced that Wyoming’s per capita personal income (PCI) is now ranked fourth highest in the United States at $86,477 per 2024 data, trailing on the District of Columbia ($111,185), Connecticut ($95,067) and Massachusetts ($93,607).
The number is highly affected by Teton County, where affluent residents and investment income significantly raise the statewide average.
Due to declines in mining and related industries, Wyoming’s per capita earnings grew only 25.2% since 2014, which is the second slowest rate in the nation. The national average of growth in that time period was 50%.
During that same decade Wyoming saw sharp increases in non-labor income, such as investment income, which increased by 96.3%. Other types of non-labor income include Social Security, pensions, Medicare and unemployment compensation insurance. There are eight counties in Wyoming where non-labor income surpasses labor earnings.
In 2024, Wyoming’s per capita investment income reached $32,658, which is the highest in the U.S., more than double the national average and about 48% higher than Florida, the next highest state.
Teton County accounts for a significant share of the changes seen in income statistics. In 2024, Teton County recorded a PCI of $532,903 — highest in the U.S. out of 3,000 counties. The second-highest PCI was recorded in Summit County, Utah, at $280,510. The per capita investment income of Teton County residents was a staggering $411,466, accounting for 77.2% of the county’s total personal income in 2024.
The wealth disparity in Teton County has long been a subject of public frustration, and these statistics suggest the scale of the imbalance. They highlight how a large share of the state’s income is concentrated among residents with substantial investment earnings rather than wages.
