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Old 12-26-2016, 12:19 PM
 
Location: Nebraska
3,255 posts, read 1,635,581 times
Reputation: 2896

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I just looked it up and have been to both and find both states interesting in their own way.

It is very interesting though, how Wyoming which has basically had a massive energy collapse in natural gas, coal and oil not to mention commodities still have the same per-capita personal income as California which has pretty gone through once in a century tech-gold rush.

http://www.bea.gov/iTable/iTable.cfm...029=36&7090=70

Wyoming has basically lost 3 percent of it's jobs in just a year. It is just odd how a state in the middle-of flyover country that has gone through a once in a lifetime decline in natural gas, oil and coal prices still has the same per-capita personal income as a state that is a once-in-a lifetime economic bubble.

https://www.bls.gov/regions/west/california.htm#eag

California on the other hand has gained 2.5 million jobs since the recession going from 14.1 million jobs to 16.6 million jobs.

North Dakota has also had a massive energy collapse and has basically a 1,000 less per-capita income then California or just about 2 percent less.

Alaska also has the same per-capita income as California $55,000.

I just looked at what $600,000 buys in Gillette, Wyoming compared to Los Angeles, California

https://www.google.com/maps/place/10...817685!6m1!1e1

36 bedroom, 12 bathroom apartment complex in Wyoming

https://www.google.com/maps/place/95...l2AEgQxB0IHDAA

3 bedroom, 1 bathroom in Los Angeles
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Old 12-26-2016, 12:29 PM
 
6,816 posts, read 6,954,361 times
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California gets a lot of poor immigrants which drags down the average by a lot.
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Old 12-26-2016, 12:57 PM
 
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Didn't Wyoming also have an energy boom before the energy bust? Oil Boom Brings Diversity to Wyoming. But Will They Stay? | Inside Energy
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Old 12-26-2016, 01:06 PM
 
28,905 posts, read 46,750,956 times
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Energy, whether it's oil, natural gas, or coal, is a commodity. As the price of the commodity swings, so does the economy of the states where the extraction of those resources are found. In other words, boom and bust.

But at the same time, California struggles as well. Over the past twenty-five years has struggled with unemployment, continuously lagging behind the nation. Since 1990, there has not been a single month where California's unemployment rate wasn't higher than the national average. And during the height of the mortgage crisis in the latter part of last decade, California was the poster child of badly-performing economies.
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Old 12-26-2016, 08:53 PM
 
Location: Savannah GA
13,421 posts, read 16,973,844 times
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Quote:
Originally Posted by lovecrowds View Post
I just looked at what $600,000 buys in Gillette, Wyoming compared to Los Angeles, California

https://www.google.com/maps/place/10...817685!6m1!1e1

36 bedroom, 12 bathroom apartment complex in Wyoming

https://www.google.com/maps/place/95...l2AEgQxB0IHDAA

3 bedroom, 1 bathroom in Los Angeles
You couldn't pay me to live in either. YUCK!
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Old 12-28-2016, 01:10 AM
 
Location: Denver, Colorado
3,298 posts, read 4,061,424 times
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How much do one bedroom apartments run you in Jackson Hole?


The problem here is you treat California as if it part of the USA, which it is not. PRK (People's Republik of Kommiefornia)
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Old 12-28-2016, 09:12 AM
 
Location: Brooklyn, New York
3,750 posts, read 3,855,421 times
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I believe Wyoming has some residing billionaires/multi-millionaires that skew the average quite a bit for such a small population state. When you look at the median income instead, Cali is like 10-20% higher.
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Old 12-28-2016, 02:29 PM
 
Location: Denver, Colorado
3,298 posts, read 4,061,424 times
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Quote:
Originally Posted by Gantz View Post
I believe Wyoming has some residing billionaires/multi-millionaires that skew the average quite a bit for such a small population state. When you look at the median income instead, Cali is like 10-20% higher.
California has quite a few billionaire/millionaires too that could skew its average..

Wyoming is not a wealthy state, but I have heard they are having a bit of a technology boom in some parts of the state.. Cheap land, low taxes, low crime and business friendly environment is driving some companies to open up shops in Wyoming. I hear Cheyenne and Laramie, with the university and proximity to Denver are having a bit of a tech boom.
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Old 12-28-2016, 02:36 PM
 
28,905 posts, read 46,750,956 times
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Quote:
Originally Posted by Gantz View Post
I believe Wyoming has some residing billionaires/multi-millionaires that skew the average quite a bit for such a small population state. When you look at the median income instead, Cali is like 10-20% higher.
Which still isn't comparable in terms of cost per living. If the average cost per living in the United States was assigned a value of 100, Wyoming's is 91.8 while California's is 135.9, or 48% higher. Mind you, there are some pockets in Wyoming that are exorbitant, chiefly around Jackson Hole. But on the whole, a comparable lifestyle in California is going to cost a heck of a lot more than Wyoming.
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Old 12-28-2016, 03:06 PM
 
1,312 posts, read 1,205,866 times
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Quote:
Originally Posted by cpg35223 View Post
But on the whole, a comparable lifestyle in California is going to cost a heck of a lot more than Wyoming.
I would think that while the cost of living a Wyoming lifestyle in California may be greater, there is no price whereby living a California lifestyle in Wyoming would even be possible.
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