Wyoming with massive energy bust has the same per-capita personal income as booming California. (home, median income)
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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.
That's kind of pointless, because the way of life in any given state isn't comparable to anywhere else. I mean, there are plenty of cities in California that aren't on a beach, yet their residences still face a much higher cost of living.
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.
HUH?!
The point was comparing the EXACT SAME EXPERIENCE (cost of living) in both states, i.e. the same HOUSE, CARS, FOOD, GAS etc.
At any rate, if you took the most expensive house in all of California and moved it to Wyoming, its value would be far less -- not because it's in Wyoming, but because it's NOT in California.
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.
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.
Just like yourself I have been to both States , California and Wyoming and the answer is rather easy , and obvious Wyoming only has 700,000 or 800,000 people.
And California has almost 40 million people , which means that California has to find a truckload of jobs to employ it's large population base with gainful jobs and or employment.
The point was comparing the EXACT SAME EXPERIENCE (cost of living) in both states, i.e. the same HOUSE, CARS, FOOD, GAS etc.
At any rate, if you took the most expensive house in all of California and moved it to Wyoming, its value would be far less -- not because it's in Wyoming, but because it's NOT in California.
There is so much more to life than living in the same size box. I was responding to the statement comparing "lifestyle" between the two states.
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But on the whole, a comparable lifestyle in California is going to cost a heck of a lot more than Wyoming.
People in Wyoming probably don't have a lot of kids either so per capita incomes are higher. Kids don't contribute to per capita incomes...in fact they reduce them. An easy way to understand this is say 2 couples in 2 different states both make 70k total household income. 1 Couple has 1 kid. The other couple has 3. The couple that has 1 kid has a per capita income of 23.3k of the 3 people. The couple with 3 kids has a per capita income of 14k of all 5 people. If a couple had no kids making 70k total income, they would have a per capita income of 35k. This is assuming all kids are below working age by the way.
I'd be interested in the numbers for people who all work full time jobs and their per capita income.
Actually, Wyoming has a higher fertility rate and a greater portion of its population is composed of minors when compared to California. A larger portion of its population is also of retirement age than in California but I am unsure if that matters.
Those two states are so vastly different that it's comparing apples to oranges. You can't isolate some facet and say the states are similar and still make sense on any overall level.
Regardless, CA has many features that WY will never have, including a coast, more humidity/moisture, a warmer and more useful climate, a diverse population and range of cultures, and an undeniable history of innovation and creativity. If these states were humans, WY would just be a child compared to the developed CA.
Just try to name someone or some innovation significant or memorable coming out of WY.
Actually, Wyoming has a higher fertility rate and a greater portion of its population is composed of minors when compared to California. A larger portion of its population is also of retirement age than in California but I am unsure if that matters.
California is at 2.94. Wyoming is at 2.5 so Wyoming would be below US average of 2.63. This is data for 2013 by the way so not that old.
But average household size isn't a reflection of age distribution. That could be because of multiple generations living together. I know that is more common in many immigrant groups, which make up a larger portion of California's population than Wyoming's.
Looking at the data, this switch seems to be a recent development. Possibly the working age population leaving Wyoming between 2010-2015 as the percent of Wyoming's senior population has also increased.
But average household size isn't a reflection of age distribution. That could be because of multiple generations living together. I know that is more common in many immigrant groups, which make up a larger portion of California's population than Wyoming's.
Looking at the data, this switch seems to be a recent development. Possibly the working age population leaving Wyoming between 2010-2015 as the percent of Wyoming's senior population has also increased.
And large immigrant households are part of the reason why California's per capita income is dragged down.
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