Carbon County Real Estate and Livability Trends
Carbon County, Wyoming's real estate market showcases intriguing trends, with average taxable incomes peaking at $79,928.25 in 2018 and $82,671.20 in 2021, signaling potential growth avenues. Median home values rose from $146,200 in 2015 to $212,800 in 2022, though still behind the state average. Real estate taxes spiked to $5,444.44 by 2021, reflecting this value increase. Fluctuating energy tax... Read more
Carbon County Market Trends
Carbon County, Wyoming has witnessed a rise in median home values, reaching $212,800 in 2022 from $146,200 in 2015, yet it still lags behind the state average. The county's real estate taxes soared to $5,444.44 by 2021, reflecting higher property values. Energy tax credits per return have fluctuated dramatically, soaring to nearly $900 in 2021, suggesting changing priorities in energy-efficient... Read more
Median Value of Occupied Housing Units in Carbon County, Wyoming Over the Last 8 Years
Carbon County, Wyoming has seen a steady uptick in median home values over the past eight years, climbing from $146,200 in 2015 to $212,800 in 2022. While this growth is commendable, it trails behind the overall median values for Wyoming, which surged from $194,800 to $269,900 during the same period. On a national level, the United States saw its median home values rise from $125,500 to $179,400 in the last eight years. This context suggests that while Carbon County is experiencing consistent growth, its market lags behind the broader state trends, presenting potential opportunities for investors seeking undervalued properties with room for appreciation.
Residential Energy Tax Credit Per Tax Return in Carbon County, WY Over the Last 8 Years
Over the last eight years, Carbon County, Wyoming has shown significant fluctuations in average residential energy tax credit amounts per tax return. While it hit notable lows of approximately $200 in 2014 and 2017, it surged to over $500 in 2015 and reached nearly $900 in 2021. This variability might hint at changing resident behavior or policy shifts impacting energy-efficient home improvements. For real estate agents and property developers, understanding these trends could spotlight the county's evolving preferences for energy-efficient investments and potentially forecast demand shifts.
Average Real Estate Taxes Per Tax Return in Carbon County, WY Over the Last 10 Years
In Carbon County, Wyoming, average real estate taxes per tax return have seen a notable upward trend over the past decade. Starting at around $1,728.80 in 2012, taxes experienced steady increases, with a significant jump after 2016, peaking at $5,444.44 in 2021. This sharp rise in property taxes could suggest increasing real estate values and may impact decisions for investors, developers, and potential homeowners. Appraisers and insurance agents may find these figures useful for assessing risk and property values in the area.
Percentage of Farm Returns in Carbon County, WY Over the Last 10 Years
Carbon County, Wyoming has experienced fluctuating but generally increasing percentages of farm tax returns over the last decade. Starting from around 2.64% in 2012, these returns peaked at approximately 3.67% in 2017 before slightly tapering to 3.24% by 2021. Farm tax returns, which reflect income derived from agricultural activities, indicate a relatively stable investment in farming activities, suggesting this sector could be a resilient cornerstone for economic stability. Therefore, anyone considering investments in agricultural ventures or property development in Carbon County may find this data encouraging, as it reflects ongoing activity and potential growth in farming-related revenue streams.
Number of Mortgages by Occupancy Type in Carbon County, WY Over the Last 5 Years in Carbon County
Changes in occupancy type in Carbon County, Wyoming, show some intriguing shifts over the past five years. Mortgages for principal residences peaked in 2021 with 970 before dropping sharply in 2022 to 540, possibly reflecting market cooling or economic factors. Investment property and second residence mortgages have remained relatively stable but low, with the former seeing a slight uptick from 21 in 2018 to 43 in 2021 and dipping again in 2022. These trends could signal opportunities for investors looking to capitalize on less competitive markets or caution appraisers and real estate agents about fluctuating demand for primary homes. Insurance agents might also find this data crucial for assessing risk and premiums in a changing demographic landscape.
Economic Outlook
Carbon County, Wyoming's real estate market shows noteworthy economic shifts, with average taxable incomes over the past nine years exhibiting peaks—such as $79,928.25 in 2018 and $82,671.20 in 2021—indicating potential growth opportunities for investors and developers. Additionally, state and local income taxes have varied dramatically, hinting at possible economic or policy changes that may affect tax liabilities for residents and investors. The rise in total tax liability, peaking at... Read more
Average Taxable Income per Tax Return in Carbon County, WY over the last 9 years
Carbon County, Wyoming has seen fluctuations in average taxable income per tax return over the past nine years, with noticeable spikes and drops. The year 2018 marked a substantial increase, with incomes peaking at $79,928.25, followed by another high in 2021 at $82,671.20. Despite some declines, the general upward trajectory could be appealing for those interested in the economic health of the area. This trend indicates possible growth opportunities for investors and developers, while real estate agents and insurance agents might find this an encouraging sign of the area's potential prosperity.
Average State and Local Income Taxes Per Tax Return in Carbon County, WY Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Carbon County, Wyoming have fluctuated significantly, ranging from as low as $6215.79 to as high as $22120.00. Notable spikes occurred in 2014, 2018, and 2019, with 2018 and 2019 seeing especially high figures. These variations might suggest underlying economic shifts or policy changes impacting taxpayers. Investing in or moving to this county could mean unpredictable tax liabilities, a crucial factor for investors, real estate agents, and those considering building property here.
Average Total Tax Liability Per Tax Return in Carbon County, WY Over the Last 10 Years
Carbon County, Wyoming, has seen fluctuations in its average total tax liability per tax return over the last decade, showing a notable rise in recent years. Between 2018 and 2021, there was a significant increase, peaking in 2021 at $14,575.23. This rise may suggest changing economic dynamics or demographic shifts, making it vital for potential investors, property developers, and residents to consider these financial trends for informed decision-making.
Cost of Living in Carbon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,298 | $1,540 | $2,879 | $1,378 | $1,362 |
| 1 adult 4 children | $1,298 | $1,258 | $2,228 | $1,378 | $1,425 |
| 2 adults 3 children | $1,298 | $1,258 | $2,485 | $1,378 | $1,065 |
| 1 adult 3 children | $1,298 | $1,027 | $1,834 | $1,378 | $1,149 |
| 2 adults 2 children | $913 | $1,030 | $2,091 | $1,198 | $836 |
| 1 adult 2 children | $913 | $769 | $1,440 | $1,198 | $792 |
| 2 adults 1 child | $913 | $814 | $1,698 | $611 | $756 |
| 1 adult 1 child | $913 | $526 | $1,046 | $611 | $603 |
| 2 adults | $713 | $654 | $1,304 | $0 | $631 |
| 1 adult | $708 | $357 | $652 | $0 | $504 |
Safety trends & Data
Carbon County, Wyoming has experienced fluctuating property crime rates over the past three years. Larceny-theft incidents remained high, with small increases each year—$36.00 in 2019 and $37.00 in 2020 compared to $33.00 in 2018. Vandalism incidents spiked to $28.00 in 2020 from $19.00 in 2019, while burglaries significantly dropped from $15.00 in 2018 to $4.00 in following years. Motor vehicle thefts also saw a downward trend, reaching $5.00 by 2020. The appearance of new crime categories... Read more
Property Crime Trends in Carbon County, WY Over the Last 3 Years
Carbon County, Wyoming has seen fluctuating property crime rates over the past three years. Notably, incidents of larceny-theft remained relatively high, with slight increases each year—36.00 in 2019 and 37.00 in 2020 compared to 33.00 in 2018. Vandalism incidents spiked in 2020 to 28.00 from 19.00 the previous year. Interestingly, burglaries drastically dropped from 15.00 in 2018 to just 4.00 in each subsequent year. Motor vehicle thefts saw a downward trend, decreasing to 5.00 by 2020. Additionally, new categories such as arson were reported in 2020, adding complexity to the overall crime landscape. This data might suggest emerging security needs and challenges for current and potential residents, investors, and property developers in Carbon County.
Demographics
Carbon County, Wyoming, shows a slightly higher male population than female. Educational attainment reveals most adults have at least a high school diploma, with many having some college experience. Age distribution is fairly balanced, with a notable presence of individuals in both younger and older age brackets. The vast majority of the population identifies as White, with small percentages of other racial groups adding to the cultural landscape. These trends suggest a community with varied... Read more
Race Distribution in Carbon County, Wyoming (2022)
Educational Attainment in Carbon County, Wyoming (2022)
Age Distribution in Carbon County, Wyoming
Citizen Population in Carbon County, Wyoming (2022)
Political Trends & Data
In Carbon County, Wyoming, nearly three-quarters of the 2020 U.S. Presidential Election votes went to the Republican Party, while the Democratic Party secured just over 21%. This conservative dominance may play an influential role in shaping local policies and the political atmosphere, potentially affecting various sectors, including real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carbon County, Wyoming, the 2020 U.S. Presidential Election results reflect a significant leaning toward the Republican Party, with nearly three-quarters of the votes. The Democratic Party captured a little over 21 percent, while Libertarians and other minor parties barely made a dent. These figures could suggest a strong conservative dominance in the area, potentially impacting local policies and political climate.
74.77% of voters voted for the Republican party in the 2020 Presidential Election
21.28% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Livertarian party in the 2020 Presidential Election
1.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Carbon County, Wyoming, the student-to-teacher ratio has remained around 9 students per teacher, much lower than the national average of 14. This could lead to better academic outcomes due to more individual attention in classrooms. For real estate agents, this is likely a strong selling point, appealing to families seeking quality education. Appraisers and insurance agents could see this as added value, factoring it into property evaluations due to the supportive educational... Read more
Student-to-teacher ratio in Carbon County, Wyoming over the last 10 years
Over the past decade in Carbon County, Wyoming, the student-to-teacher ratio has hovered around 9 students per teacher, significantly lower than the national average of 14 students per teacher. This more intimate classroom setting might suggest better individual attention for students, potentially leading to improved academic outcomes. For investors and real estate agents, this lower ratio could be a selling point, as more families might be drawn to an education system where students are less likely to be lost in the crowd. Appraisers and insurance agents might also factor this into their evaluations, recognizing the added value of a strong, supportive educational environment.
