Best State for Broker. Wyoming

Wyoming is a state in the Mountain West subregion of the Western United States. The 10th largest state by area, it is also the least populous and least densely populated state in the contiguous United States.

Wyoming is bordered by Montana to the north and northwest, South Dakota and Nebraska to the east, Idaho to the west, Utah to the southwest, and Colorado to the south. Its population was 576,851 at the 2020 United States census, making it the least populated U.S. state.

Wyoming ranked No. 1 on our list due to being in the top 10 for four out of the five factors: agent competition, agent salary, homeownership, and cost of living. This state boasts an annual median wage of $71,460 and 71.9% of owner-occupied homes in the state. In addition, the overall cost of living in the state is the 10th lowest of all the states.

Although Wyoming didn’t perform well for median home value (23rd on the list), there are fewer agents in Wyoming than in many states, ranking it eighth on our list for agent competition. Plus, Wyoming has some of the lowest taxes in the country and has a large volume of undeveloped land, making it attractive for homebuyers who want to build a home on acreage.

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