Wyoming won't require that, and it has to do with the state's history with mining taxes. "Wyoming historically has paid its bills with revenue from mineral production and severance taxes, including oil, gas, and coal," said Connie Brezik, an accountant and financial planner based in Casper, Wyoming. "We don't have a state income tax, which is, in my mind, the biggest benefit." Neighboring states Idaho and Montana both tax income at 6.9%.
But, an increasing number of retirees is also helping, she said, adding that seniors have always been a big part of her clientele. "People retire to Wyoming because of our low tax structure, and, of course, the beauty," she said, mentioning Cody's proximity to Yellowstone National Park. According to US Census data, about 24% of Wyoming's population is over age 60.
"We do have a very strong network of senior centers around the state. For somebody in some of our more rural areas, they are really a nice lifeline," he said. Wyoming also has three cities — Jackson, Casper, and Laramie — that have been designated "age-friendly communities" by AARP, which are cities chosen for their livability and senior-friendly leadership.
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