Economic Indicators for Greater Cheyenne

Transcription

Economic Indicators for Greater Cheyenne
Annual Trends March 2015
Volume XXXI - Issue I
Wyoming Center for Business & Economic Analysis
1720 Carey Avenue ~ Suite 520
Cheyenne, WY 82001
307-632-1347
wyomingeconomicdata.com
Economic Indicators
for Greater Cheyenne
Annual Trends
Edition
Wyoming Center for Business and Economic Analysis
Volume XXXI, Number 1
March, 2015
Table of Contents
Economic Indicators Summary............................................1
Business Trends.......................................................................3
Cheyenne/Laramie County Profile........................................4
Laramie County Retail Sales by Sub Sectors.......................6
Laramie County Sales and Use Tax Receipts.......................7
Figure 1 - Sales and Use Taxes
Total Tax Distributions................................................... 8
Selected Laramie County Sales and
Use Tax Distributions.......................................................9
Growth Rates........................................................................10
Figure 2 - Growth Rates – Population vs Employment.....11
Figure 3 - Growth Rates – Wages,
Personal Income and Real GDP......................................11
Laramie County Gross Domestic Product..........................12
Cheyenne Electrical Power Sales........................................13
Figure 4 - Commercial Electric Power Sales......................14
Cheyenne Gas Consumption...............................................15
Cheyenne Utility Hookups..................................................16
Laramie County Auto Registrations (Titles).......................17
Laramie County Enplanements..........................................18
Tourism Activity...................................................................19
Employment Trends..............................................................20
Labor Force Averages...........................................................22
Figure 5 - Unemployment Rate...........................................23
Laramie County Employment (BEA)..................................24
Current Employment Statistics..........................................25
Laramie County Employers.................................................26
Laramie County Proprietors................................................27
Figure 6 - Average Proprietor Income vs
Average Annual Wages....................................................28
Laramie County Employment Projections..........................29
Major Employers in the Cheyenne Area.............................30
Firms by Size and Industry.................................................31
Wages, Earnings & Income Trends....................................32
2012 Household Income.......................................................34
Median Household Income..................................................34
2012 Earnings by Gender....................................................34
Average Wage and Compensation Per Job .........................34
Figure 7 - Average Wage and
Average Compensation Per Job......................................35
Laramie County Average Annual Earned Income..............36
Per Capita Personal Income................................................37
Figure 8 - Per Capita Personal Income...............................38
Laramie County Personal Income and
Earnings by Industry (BEA)...........................................39
Figure 9 - Personal Income..................................................41
Laramie County Total Payroll.............................................42
Demographic Trends............................................................43
Census Detail.......................................................................45
Population Estimates and Projections................................46
Figure 10 - Population Forecasts........................................47
Laramie County Population Profiles...................................48
Population by Race and Ethnic Groups..............................49
Population by Age and Gender............................................49
Migration & Commuters......................................................50
Figure 11 - Commuting Flows.............................................51
Figure 12 - Net Residential Adjustment.............................51
Commuter Income Flows.....................................................52
Laramie County Education Profiles....................................53
Public and Private School Enrollment................................54
Figure 13 - Public School and College Enrollment.............55
Housing Trends......................................................................56
Annual Core Logic Residential Market Data.....................57
Residentials for Sale, Sold & Price......................................58
Cheyenne Housing Rental Rates.........................................59
Housing Profile – Laramie County......................................60
Figure 14 - New Residential Housing Units.......................61
Housing Profile – Cheyenne Area........................................62
Households by Unit Type.....................................................62
Building Permits..................................................................63
Residential Construction Activity.......................................64
Historic Housing Occupancy...............................................65
Vacancy Rates.......................................................................66
Development Trends.............................................................67
Annexation Trends...............................................................69
Commercial Construction Activity......................................70
Figure 15 - Residential and Commercial
Construction Valuation...................................................71
New Commercial/Industrial Construction..........................72
Commercial Property...........................................................73
Assessed Real and Personal Property Value......................74
Figure 16 - Assessed Real and Personal Property Values.. 75
Major Property Tax Districts...............................................76
Figure 17 - Major Property Tax Districts............................77
COMMUNICATIONS
Data Center Phone: (307) 632-1347
Mailing Address: Wyoming Center for Business &
Data Center FAX: (307) 632-1368
Economic Analysis, Inc.
Editor e-mail: [email protected]
1720 Carey Ave., Suite 520
Cheyenne, WY 82001
Editor...................................................................................................................................R.T. O’Gara
Research Assistance........................................................................................................ Cindy Branch
Typography.................................................................................................................... Stacy Shultz-Bisset
Cover Design....................................................................................................................Cheyenne LEADS
The articles appearing in this publication represent the opinions of the authors and do not necessarily
reflect the views of the various funding organizations. Duplication or quotation of material in this
publication is welcomed, but it is requested that the Center be credited.
Economic Indicators
Summary
The purpose of the Annual Trends is to summarize
and illustrate the Cheyenne/Laramie County local
economy over the past 10 years or more. It presents
the latest available, federal, state and local agency
statistics dealing with Laramie County’s economic
and demographic growth patterns. Business and
government planning requires a realistic assessment
of past trends of the existing economy and realistic
assumptions about the future. The indicators and
statistics contained in this report can be used as
a relative measure of future economic activity in
Cheyenne and Laramie County.
2014 in Review
At this time one year ago, optimistic expectations were
held in that the Greater Cheyenne economy would
have a well above average year across almost every
economic sector. One year later and in the words of
former Federal Reserve Chairman Alan Greenspan,
we can be accused of over exuberance. However, there
was still room for some exuberance because there was
economic growth across almost of economic sectors; the
gains were just not as great as expected. Job growth
ranged between 0.3 percent and 1.5 percent whereas
in 2013, the range was between 2.75 percent and 3.4
percent. Given the massive amount of new commercial
and industrial construction ($236.8 million) and the
much heralded oil and gas activity, the meager job
growth was disappointing. However, there were some
unexpected job losses. Military jobs dropped 361 in
2014, but that loss should be replaced in 2015 with the
addition of about 300 new positions at F.E. Warren Air
Force Base. Great Lakes Aviation reported a loss of
109 jobs and APW Wyott shut down which was a loss
of 111 jobs. Preliminary Bureau of Labor Statistics
employment data, ironically, reported a drop of 300
jobs in the Mining, Logging and Construction sectors in
2014 (see Table 2.2). Even with this loss of 881 jobs, the
local economy still gained more jobs than it lost. Also
the unemployment rate fell to 4.7 percent in 2014 as
Page 1
compared to 5.0 percent in 2013. Finally, help-wanted
ads averaged 731 per month in 2014 as compared to
600 per month in 2013, a gain of 21.8 percent which
was a reassuring sign that local employers are still in
search of more workers.
Retail sales grew to an estimated 1.26 billion
dollars last year, up 5.9 percent but this growth rate
was less than 2013’s rate of 7.1 percent. Actual sales
tax receipts, these are the dollars that actually fund
local governments, rose to 50.4 million dollars in 2014,
an increase of 20.9 percent over 2013’s puny increase of
8.4 percent ($41.7 million). Ok, guess there was room
for some over exuberance. In order for retail sales and
tax revenues to increase, households must see personal
income increase, and while 2014 data is not available,
2013’s personal income (the most recent available)
rose 2.2 percent to 4.97 billion dollars. This indicator
has now averaged increases of 3.6 percent annually
over the past 5 years which was less than the 10-year
average of 5.6 percent. The Great Recession of 2009
pulled down the five year average. Another potential
driver for sales tax receipts was the 31.3 percent
increase in industrial electric sales in 2014 which
was primarily attributed to NCAR (super computer),
Microsoft, Green House and EchoStar data centers.
Sorry, but 31 percent increases normally call for some
exuberance! Both commercial and residential electrical
sales declined in 2014.
The housing sector was one of the sectors that were
expected to out preform at the beginning of 2014, but
it disappointed. Overall housing sales fell 8.2 percent
last year to a total of 2,445 as compared to 2,645 in
2013. The average sales price eked out a 1.7 percent
gain from $219,137 in 2013 to $222,899 in 2014. The
average price of a newly constructed single-family
home rose to $303,606 as compared to 2013’s price of
$294,614, up 3.1 percent while average re-sale prices
decreased to $217,105 in 2014 from 2013’s average
of $220,971, a decline of 1.6 percent. However, the
number of new homes constructed across the county fell
26.2 percent in 2014 from 424 in 2013 to 313 this past
year which was an unexpected drop. It appeared that a
Economic Indicators
turnaround in this area was already underway in early
2015 because there were at least three announcements
of new and decently large housing developments
scheduled to begin construction in 2015.
Page 2
The following six sections of this report will
provide comprehensive data of local business trends,
employment, wages & income, demographics, housing
and development.
Economic Indicators
Business Trends
This section contains core business sets designed to measure overall economic growth
for the greater Cheyenne economy.
• Table 1.4 provides 10 core growth measures such as population, jobs, personal
income and GDP. The reader will see due to revisions in some of the data by the
reporting government agencies, some of the growth rates now reported have
decreased from recent past Trends reports. This was especially
true for the 5-year growth rates for job growth series.
SECTION 1
BUSINESS TRENDS
Employment growth (CES) over the past five years averaged
0.91 percent and part-time and full-time job growth as
Table
reported the Bureau of Economic Analysis (BEA) stood at only
1.0 Cheyenne/Laramie County Profile
0.7 percent as of the end of 2013. Last year this latter series
had a growth rate of 1.2 percent. Prior to the Great Recession
1.1 Laramie County Retail Sales
both series had been growing at rates in excess of 2.0 percent.
By Sub Sectors (2010 - 2014)
1.2 Laramie County Sales and
• Laramie County’s and Cheyenne’s populations again increased
Use Tax Receipts (1993 - 2014)
in 2013. The County added 1,182 persons (1.3%) in 2013
inclusive of the city. The City’s population increased by 848
Figure 1 - Laramie County Sales &
Use Taxes
persons (1.4%). Over the past 5 years, the population growth
rate for the County averaged 1.6 which was marginally ahead
1.3 Selected Laramie County Sales and
of the 10-year average of 1.3 percent. The state’s Department
Use Tax Distribution (1988 - 2014)
of Transportation driver’s license exchange program reported
1.4 Growth Rates (1997 - 2014)
that there were 2,728 in-migrants and 2,269 out-migrants in
Figure 2 - Growth Rate Population
2013 which resulted in a net gain of 459 persons which was
vs. Employment
well above 2012’s figure of 258. The program reported that
Figure 3 - Growth Rates - Wages,
between 2000 and 2013, the county gained a total of 9,075 net
Personal Income & Real GDP
in-migrants.
1.5 Laramie County GDP (2001 - 2013)
• Total school enrollments K-12 in 2013 increased by 2.0 percent
1.6 Electrical Power Sales (1990 - 2014)
(297 students) with 2014 enrollments up by another 1.2
Figure 4 - Commercial Electric
percent (189 students) Table 4.7 provides full details.
Power Sales
• Figures 2 and 3 present the relationships between some
1.7 Gas Consumption (1992 - 2014)
key indicators. Figure 2 looked at the relationship between
1.8 Utility Hookups (1992 - 2014)
employment growth and population growth. If the rate of job
1.9 Auto Registrations (1997 - 2014)
growth is faster than population growth, then the population
1.10 Enplanements (1997 - 2014)
rises gradually but it lags job growth. If the job growth rate
1.11 Tourism Activity (2006 - 2014)
decreases or goes negative, the growth rate in population slows
but never goes negative and the time lags appear to get longer.
However, this behavior is somewhat problematic after 2012,
where population growth decreased prior to the decrease in job growth.
• Figure 3 presents the relationships between growth rates in real GDP, personal
income and wages. Overtime, real GDP and personal income generally move
in tandem. If one rises, the other responds almost immediately and given the
inherent similarities between these two, this behavior would be expected.
Changes in wage growth are generally much less in magnitude than changes in
GDP and personal income, but do follow those two indicators. The relationship
between the three variables in 2013, currently presents a different twist.
Growth rates in personal income and wages decreased in 2013 while GDP
increased.
Table 1.0
Cheyenne/Laramie County Profile
ITEMS
MOST RECENT PERIOD
YEAR
VALUE
PREVIOUS PERIOD
YEAR
VALUE
% CHANGE
IN VALUE
Demography
Total Population - Cheyenne¹
2013
62,448
2012
61,600
1.38%
Total Population - Laramie County
2013
95,809
2012
94,627
1.25%
Total Male Population
2013
46,641
2012
47,558
-1.93%
Total Female Population
2013
46,432
2012
46,925
-1.05%
% of Population - Under 20 Years Old
2013
26.6%
2012
25.9%
2.78%
% of Population - 65 Years & Older
2013
12.9%
2012
13.2%
-2.27%
Median Age
2013
37.0
2012
37.2
-0.54%
% of Population - White Alone (Non-Hispanic)
2013
80.1%
2012
79.1%
1.26%
% of Population - Native American Alone
2013
0.9%
2012
1.3%
-30.77%
% of Population - Hispanic or Latino
2013
13.5%
2012
12.4%
8.87%
Households - County
2013
35,785
2012
35,245
1.53%
Average Household Size - County
2013
2.6
2012
2.6
0.77%
Households - City
2013
35,785
2012
35,245
1.53%
% of Households (HH) Headed by Married Couples
2013
54.7%
2012
50.2%
8.96%
% of HH Headed by Single Female (w/own children <18 yrs.)
2013
6.8%
2012
8.2%
-17.07%
Total Area (sq. miles)¹
2010
2,686
—
—
Total Area (sq. miles)¹¹ - Cheyenne
2014
26.97
2013
26.93
Water Area (sq. miles)
2000
1.6
—
—
Weather & Geography
Mean Elevation (ft.)
0.15%
2010
6,700
—
—
Normal Mean Temperature (F) - Cheyenne2
1971-00
44.9
1961-90
45.6
Average Annual Precipitation (inches) - Cheyenne2
1971-00
15.5
1961-90
14.4
7.29%
Average Wind Speed (mph)
1996-08
12.1
1996-06
12.4
-2.42%
Crimes3
2013
2,942
2012
2,788
5.52%
Crimes per 10,000 Persons
2013
299.1
2012
318.1
-5.97%
Homicides per 10,000 Persons
2013
0.0
2012
0.2
-100.00%
Rapes per 10,000 Persons
2013
2.1
2012
3.6
-41.67%
Robberies per 10,000 Persons
2013
1.4
2012
2.9
-51.72%
Aggravated Assaults per 10,000 Persons
2013
17.6
2012
17.7
-0.56%
Burglaries per 10,000 Persons
2013
46.7
2012
46.0
1.52%
Larcenies & Thefts per 10,000 Persons
2013
219.0
2012
232.0
-5.60%
Motor Vehicle Thefts per 10,000 Persons
2013
12.3
2012
15.6
-21.15%
% of Pop. (25 yrs. & older) with High School Diploma¹
2013
24.2%
2012
30.8%
-21.54%
% of Pop. (25 yrs. & older) with Bachelor’s Degree
2013
16.7%
2012
15.6%
6.96%
Pupil -Teacher Ratio in LCSD #14
2006-07
10.38
2005-06
10.36
0.19%
Pupil -Teacher Ratio in LCSD #2
2006-07
7.47
2005-06
6.53
14.40%
Expenditures Per Pupil in LCSD #1
2010-11
$15,170
2009-10
$14,585
4.01%
Expenditures Per Pupil in LCSD #2
2010-11
$20,462
2009-10
$18,930
8.09%
LCSD #1 Enrollment
2013-14
13,761
2012 13
13,365
2.96%
LCSD #2 Enrollment
2013-14
987
2012-13
958
3.03%
Total School Enrollments Laramie County
2013-14
15,508
2012-13
15,319
1.23%
% of Students in Private Schools
2013-14
2.93%
2012-13
2.94%
-0.56%
% of Students Home-Schooled
2013-14
1.97%
2012-13
1.76%
12.37%
ACT Average Composite Score (range 1-36) LCSD #1
2013-14
20.4
2012-13
20.1
1.49%
ACT Average Composite Score (range 1-36) LCSD #2
2013-14
19.8
2012-13
19.7
0.51%
-1.54%
Crime & Law Enforcement
Education
Page 4
Economic Indicators
LCSD #1 Graduation Rate5
MOST RECENT PERIOD
YEAR
VALUE
2013-14
73.79%
PREVIOUS PERIOD
YEAR
VALUE
2012-13
71.58%
LCSD #2 Graduation Rate
ITEMS
% CHANGE
IN VALUE
3.09%
2013-14
86.30%
2012-13
80.95%
6.61%
Full-time Equivalent (FTE) Enrollment at LCCC (Fall Semester)
2014
2,698.42
2013
2,875.67
-6.16%
Average Student Age at LCCC (Fall Semester)7
2014
26.68
2013
26.84
-0.60%
Median Student Age at LCCC (Fall Semester)
2014
22.32
2013
22.30
0.09%
3 -Year Graduation Rate at LCCC
2012
16.7%
2010
17.6%
-5.12%
3 - Year Rate of Transfer from LCCC
2012
25.7%
2010
28.4%
-9.57%
Average Rent for 2-3 Bedroom House ($)8
2Q14
$1,143
2Q13
$1,034
10.54%
Average Rent for 2 Bedroom Apartment ($)
2Q14
$769
2Q13
$678
13.42%
Average Rent for 2-3 Bedroom Mobile Home ($)
2Q14
$809
2Q13
$768
5.34%
Average Sales Price - Cheyenne
2014
$205,864
2013
$200,079
2.89%
Average Sales Price - Close-in Rural
2014
$302,432
2013
$296,570
1.98%
Median Household Income¹
2013
$61,661
2012
$54,192
13.78%
Mean Household Income
2013
$72,830
2012
$70,147
3.82%
Per Capita Personal Income ($)9
2013
$51,870
2012
$51,403
0.91%
Average Wage per Job
2013
$44,415
2012
$44,156
0.59%
Average Annual Pay ($)10
2013
$42,148
2012
$41,906
0.58%
Employment¹²
2014
46,158
2013
46,025
0.29%
Unemployment Rate¹³
2014
4.7%
2013
5.0%
-6.00%
Total Non-farm Jobs9
2013
62,621
2012
61,614
1.63%
% of Jobs in Farming
2013
1.45%
2012
1.50%
-3.94%
% of Jobs in Mining
2013
1.06%
2012
N/A
—
% of Jobs in Government
2013
27.58%
2012
28.09%
-1.80%
% of Jobs in Construction
2013
6.95%
2012
6.30%
10.36%
% of Jobs in Manufacturing
2013
2.49%
2012
2.50%
-0.49%
% of Jobs in Trans. & Ware.
2013
5.81%
2012
5.86%
-0.70%
% of Jobs in FIRE
2013
10.21%
2012
10.26%
-0.51%
% of Jobs in Retail Trade
2013
11.05%
2012
10.96%
0.84%
% of Jobs in Wholesale
2013
1.90%
2012
1.88%
1.42%
% of Workforce Age 16-19¹
2013
6.9%
2012
7.7%
-10.26%
% of Workforce Age 20-24
2013
8.6%
2012
9.2%
-6.68%
2013
33.5%
2012
32.6%
2.74%
2013
17.6%
2012
17.6%
0.17%
2013
16.0%
2012
15.7%
1.93%
2013
10.4%
2012
9.5%
9.51%
% of Workforce Age 75 and over
2013
6.9%
2012
7.7%
-9.49%
% of Workforce Male
2013
86.9%
2012
83.5%
4.07%
% of Workforce Female
2013
77.4%
2012
73.6%
5.16%
U.S. CPI
2014
236.7
2013
233.0
1.62%
Annual Inflation Rate - Cheyenne
2Q14
3.2%
2Q13
4.5%
—
Housing
Laramie County’s Economy
Employment & Labor
Workforce Demographics
CPI
Sources:
1 U.S. Census Bureau
2 Western Regional Climate Center
3 Wyoming Division of Criminal Investigation
4 Laramie County School Districts #1 & #2
5 Wyoming Department of Education
Page 5
6 Office of Institutional Analysis, University of Wyoming
7 Laramie County Community College
8 State of Wyoming, Dept. of Admin. & Info., Economic
Analysis Division
9 U.S. Commerce Department, Bureau of Economic Analysis
10
11
12
13
U.S. Department of Labor, Bureau of Labor Statistics
City of Cheyenne
Wyoming Department of Employment, CES Data
Wyoming Department of Employment, LAUS Data
Economic Indicators
Table 1.1
Laramie County Retail Sales by Sub Sectors
2010 - 2014
INDUSTRY (NAICS)
2010
2011
2012
2013
2014
Auto Dealers and Parts
52,837,200
63,544,400
77,406,800
70,452,700
Gasoline Stations
43,260,400
50,658,200
50,247,600
54,319,800
Home Furniture and Furnishings
31,543,800
31,103,700
36,187,200
33,959,100
Electronic and Appliance Stores
39,320,500
39,918,600
37,574,700
66,727,200
Building Material & Garden
107,094,100 118,540,700 139,907,300 171,747,600
Grocery and Food Stores
20,325,000
19,407,000
22,695,300
23,274,200
Liquor Stores
15,026,600
16,064,700
17,202,900
17,310,500
Clothing and Shoe Stores
41,381,500
45,472,700
50,211,200
50,985,400
Department Stores
53,570,900
56,461,700
56,150,400
51,040,400
General Merchandise Stores
117,054,300 129,856,700 123,601,700 124,770,000
Miscellaneous Retail
71,878,600
66,802,300
65,525,000
78,094,500
Lodging Services
38,775,900
44,456,700
44,558,900
51,033,700
Eating and Drinking Places
146,935,100 157,674,300 171,439,100 172,294,300
Automobile Sales
171,949,500 214,239,800 217,913,500 223,112,600
TOTAL
950,953,400 1,054,201,500 1,110,621,600 1,189,122,000
78,008,800
65,193,100
33,768,600
64,795,000
184,857,100
24,637,800
17,606,300
52,506,100
49,311,300
123,289,400
94,375,900
60,298,600
182,255,300
229,277,100
1,260,180,400
Source: Wyoming Department of Revenue
Page 6
Economic Indicators
Table 1.2
Laramie County Sales and Use Tax Receipts
Annual Total
1993 - 2014
(Dollars)
YEAR
TOTAL SALES TAX
DISTRIBUTIONS
4% STATE &
1% OPTIONAL
(a)
4% STATE SALES
AND USE TAX
DISTRIBUTIONS
(b)
LOCAL OPTIONAL
1% SALES AND USE
TAX DISTRIBUTIONS
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
15,783,893
16,945,690
17,634,051
19,999,035
21,048,070
21,494,661
23,492,966
24,833,339
26,406,542
29,011,725
29,528,829
30,559,319
31,733,902
33,118,921 *
32,702,985 *
33,114,106 *
31,517,315 *
31,846,764 *
36,323,256
38,495,663
41,713,896
50,365,308
8,675,088
9,260,700
9,673,791
11,223,626
11,177,653
11,541,365
12,426,483
13,115,173
13,800,674
15,428,989
15,855,502
16,501,718
17,213,493
17,894,618
17,636,107
17,827,988
16,979,116
17,051,836
18,977,386
20,616,860
22,630,753
27,315,092
7,108,804
7,684,990
7,960,259
8,775,412
9,870,419
9,953,296
11,066,483
11,718,167
12,605,568
13,582,736
13,673,327
14,057,601
14,520,409
15,224,303
15,066,606
15,286,119
14,529,199
14,794,927
17,345,870
17,878,803
19,083,143
23,050,216
Notes: (a) This total includes the 4% Sales and Use Tax, the 1 % Sales and Use Tax, and the Out of State
Sales and Use Tax.
From July 1, 1992 to June 30, 1993, the allocation was 35%.
From July 1, 1993, it was changed to 28%.
As of July 1, 2002, the percentage distribution was changed to 29.5%.
As of June 30, 2004, the percentage distribution was changed to 31%.
(b) State Sales and Use Taxes were increased from 3% to 4% on July 1, 1993
* Totals do not include state reimbursements for lost sales taxes previously levied on food sales
Source:Wyoming Department of Revenue & Taxation
Page 7
Economic Indicators
Figure 1
60
Laramie County Sales and Use Taxes
Total Tax Distributions
1994 - 2014
Millions
50
40
30
20
10
0
94
Page 8
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
Economic Indicators
Table 1.3
Selected Laramie County Sales and Use Tax Distributions
Annual Totals
1988 - 2014
(Dollars)
YEAR
LODGING TAX
RECEIPTS
(A)
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
202,981
222,653
228,378
246,751
262,981
283,747
302,640
316,596
326,421
321,721
344,509
362,725
399,193
400,237
453,918
582,681
646,724
691,081
845,936
1,128,773
1,156,118
1,058,485
1,244,406
1,381,347
1,291,774
1,319,517
1,800,299
%
CHANGE
9.7%
2.6%
8.0%
6.6%
7.9%
6.7%
4.6%
3.1%
-1.4%
7.1%
5.3%
10.1%
0.3%
13.4%
28.4%
11.0%
6.9%
22.4%
33.4%
2.4%
-8.4%
17.6%
11.0%
-6.5%
2.1%
36.4%
ESTIMATED
TOTAL TAXABLE
SALES
(B)
570,305,413
585,918,594
648,476,133
647,085,861
676,959,513
710,880,409
768,499,065
796,025,960
877,541,038
987,041,761
995,329,539
1,106,648,302
1,171,816,600
1,260,556,700
1,358,273,578
1,367,333,000
1,405,760,086
1,452,040,902
1,557,499,671 *
1,577,713,775 *
1,636,290,275 *
1,632,019,917 *
1,569,042,742 *
1,734,587,019
1,787,880,300
1,908,314,300
2,305,021,556
%
CHANGE
2.7%
10.7%
-0.2%
4.6%
5.0%
8.1%
3.6%
10.2%
12.5%
0.8%
11.2%
5.9%
7.6%
7.8%
0.7%
2.8%
3.3%
7.3%
1.3%
3.7%
-0.3%
-3.9%
10.6%
3.1%
6.7%
20.8%
Notes: (A) Lodging Tax Receipts: 7/1/87 - 3/31/03 - 2%; 4/1/03 - 3/31/07 - 3% effective 4/1/07 - 4%
(B) Estimated Total Taxable Sales: amounts were added to reflect loss in sales taxes levied on food
*2006 - $350,694
*2007 - $710,532
*2008 - $1,076,784
*2009 - $1,791,000
*2010 - $895,500
Source: Wyoming Department of Revenue & Taxation
Page 9
Economic Indicators
Tables 1.4
Growth Rates
Laramie County
1997 - 2014
YEAR
LARAMIE
COUNTY
POPULA%
TION
CHANGE
1997
80,328
1998
80,522
1999
81,009
2000
81,825
2001
82,554
2002
83,226
2003
84,084
2004
85,427
2005
85,732
2006
86,819
2007
87,654
2008
89,077
2009
90,430
2010
91,738
2011
92,447
2012
94,627
2013
95,809
2014
N/A
10 Year Avg.
5 Year Avg.
Source: Census Bureau
YEAR
0.18%
0.24%
0.60%
1.01%
0.89%
0.81%
1.03%
1.60%
0.36%
1.27%
0.96%
1.62%
1.52%
1.45%
0.77%
2.36%
1.25%
1.32%
1.47%
PERSONAL INCOME
$
%
CHANGE
1997 1,954,038
5.30%
1998 2,105,174
7.73%
1999 2,225,490
5.72%
2000 2,378,604
6.88%
2001 2,506,695
5.39%
2002 2,688,634
7.26%
2003 2,898,929
7.82%
2004 3,091,783
6.65%
2005 3,295,180
6.58%
2006 3,644,045 10.59%
2007 3,825,074
4.97%
2008 4,180,751
9.30%
2009 4,036,314 -3.45%
2010 4,123,736
2.17%
2011 4,582,622 11.13%
2012 4,864,157
6.14%
2013 4,969,568
2.17%
2014
N/A
10 Year Avg. 5.62%
5 Year Avg. 3.63%
Source: U.S. Dept. of Commerce
Page 10
CITY OF
CHEYENNE
POPULA%
TION
CHANGE
53,626
53,780
53,925
53,011
53,717
54,103
54,709
55,461
55,533
55,885
56,313
57,048
57,618
59,466
60,219
61,600
62,448
N/A
-0.12%
0.29%
0.27%
-1.69%
1.33%
0.72%
1.12%
1.37%
0.13%
0.63%
0.77%
1.31%
1.00%
3.21%
1.27%
2.29%
1.38%
1.34%
1.83%
PER CAPITA
INCOME
%
$
CHANGE
24,326
26,144
27,472
29,069
30,364
32,305
34,477
36,192
38,436
41,973
43,638
46,934
44,635
44,798
49,570
51,403
51,870
N/A
5.10%
7.47%
5.08%
5.81%
4.45%
6.39%
6.72%
4.97%
6.20%
9.20%
3.97%
7.55%
-4.90%
0.37%
10.65%
3.70%
0.91%
4.26%
2.15%
Source: U.S. Dept. of
Commerce
EMPLOYMENT
(CES)
%
# JOBS
CHANGE
35,825
36,417
37,192
37,933
38,183
39,208
40,242
40,833
41,575
42,908
44,150
45,158
44,133
43,342
44,192
44,792
46,025
46,158
1.01%
1.65%
2.13%
1.99%
0.66%
2.68%
2.64%
1.47%
1.82%
3.21%
2.89%
2.28%
-2.27%
-1.79%
1.96%
1.36%
2.75%
0.29%
1.25%
0.91%
Source: WY Dept of
Workforce Services
REAL PER CAPITA
INCOME
%
$
CHANGE
15,156
16,039
16,490
16,881
17,145
17,957
18,738
19,159
19,680
20,820
21,051
21,799
20,809
20,540
22,041
22,389
22,262
2.72%
5.83%
2.81%
2.37%
1.56%
4.74%
4.35%
2.25%
2.72%
5.79%
1.11%
3.55%
-4.54%
-1.29%
7.31%
1.58%
-0.57%
2.28%
1.79%
Source: WCBEA
BEA
EMPLOYMENT
%
# JOBS
CHANGE
50,275
50,833
51,585
53,178
52,897
54,740
55,838
57,059
58,202
59,268
61,230
62,725
62,044
61,353
62,664
63,338
64,915
N/A
0.97%
1.11%
1.48%
3.09%
-0.53%
3.48%
2.01%
2.19%
2.00%
1.83%
3.31%
2.44%
-1.09%
-1.11%
2.14%
1.08%
2.49%
1.53%
0.70%
Commerce
REAL COUNTY GDP
($000,000)
N/A
N/A
N/A
N/A
3,238
3,360
3,505
3,636
3,695
3,947
4,177
5,003
4,579
4,672
4,793
4,826
4,954
N/A
%
CHANGE
—
—
—
—
—
3.77%
4.32%
3.74%
1.62%
6.82%
5.83%
19.77%
-8.47%
2.03%
2.59%
0.69%
2.65%
3.73%
-0.10%
Commerce
ANNUAL AVERAGE
WAGES/JOB
%
$
CHANGE
24,504
25,817
26,888
27,465
29,204
30,740
31,709
33,058
34,327
37,340
38,103
39,405
40,197
40,974
42,242
44,156
44,415
N/A
Source: BLS
3.85%
5.36%
4.15%
2.15%
6.33%
5.26%
3.15%
4.25%
3.84%
8.78%
2.04%
3.42%
2.01%
1.93%
3.09%
4.53%
0.59%
—
3.45%
2.43%
RESIDENTIAL
ELECTRIC
%
# HOOKUPS
CHANGE
29,794
30,319
30,421
30,806
30,946
31,330
31,776
32,340
35,065
35,121
35,057
35,136
35,318
35,478
35,062
35,334
35,621
36,023
Source: CLF&P
1.54%
1.76%
0.34%
1.27%
0.45%
1.24%
1.42%
1.77%
8.43%
0.16%
-0.18%
0.23%
0.52%
0.45%
-1.17%
0.78%
0.81%
1.13%
1.11%
0.40%
Economic Indicators
Figure 2
Growth Rates
Population vs Employment
1997 - 2014
4
3
2
1
0
-1
-2
-3
97
98
99
00
01
02
03
04
05
Population
06
07
08
09
10
11
12
13
14
11
12
13
14
Employment
Figure 3
Growth Rates
Wages,Personal Income and Real GDP
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0
-1
-2
-3
-4
-5
-6
-7
-8
-9
-10
1997 - 2014
Percent Change From Previous Year
97
98
99
00
01
02
03
04
Wages
Page 11
05
06
Income
07
08
09
10
Real GDP
Economic Indicators
Tables 1.5
Laramie County Gross Domestic Product
2001 - 2013
YEAR
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
REAL
GDP
3,238
3,360
3,505
3,636
3,695
3,947
4,177
5,003
4,579
4,672
4,793
4,826
4,954
Average
%
CHG.
3.77%
4.32%
3.74%
1.62%
6.82%
5.83%
19.77%
-8.47%
2.03%
2.59%
0.69%
2.65%
3.78%
NOMINAL
GDP
2,738
2,909
3,157
3,401
3,692
4,158
4,545
5,102
4,579
4,821
5,203
5,386
5,567
NOMINAL
GROWTH
6.25%
8.53%
7.73%
8.56%
12.62%
9.31%
12.26%
-10.25%
5.28%
7.92%
3.52%
3.36%
6.26%
REAL
PER
CAPITA
GDP
39,281
40,439
41,685
43,067
43,099
45,462
47,653
56,165
50,636
50,754
51,846
51,000
51,707
%
CHG.
2.95%
3.08%
3.32%
0.07%
5.48%
4.82%
17.86%
-9.84%
0.23%
2.15%
-1.63%
1.39%
2.49%
Source: BEA & WCBEA
Page 12
Economic Indicators
Tables 1.6
Cheyenne Electrical Power Sales
Monthly Average
1990 - 2014
YEAR
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
*2004
*2005
*2006
2007
2008
2009
2010
2011
2012
2013
2014
INDUSTRIAL
19,708,183
20,206,789
22,678,954
25,888,948
26,660,488
29,646,805
29,274,837
30,333,102
29,496,366
30,008,744
29,558,994
29,422,453
30,183,684
31,074,855
26,128,505
14,761,200
10,787,692
11,868,049
12,014,921
14,566,015
13,379,674
17,433,096
18,964,595
24,654,654
32,369,361
COMMERCIAL
17,242,640
17,804,254
18,213,299
19,363,148
20,470,098
20,722,672
21,981,947
22,289,679
23,627,902
24,583,751
26,688,059
26,817,975
27,929,167
28,776,711
27,358,136
41,602,707
44,657,625
45,400,412
48,779,417
48,560,547
49,638,083
50,079,146
48,144,494
44,978,791
43,724,181
RESIDENTIAL
N/A
14,471,997
15,461,257
16,100,752
16,153,544
16,378,051
16,909,734
17,007,344
17,198,608
17,489,479
18,315,332
17,687,186
18,096,770
18,475,063
30,991,326
42,421,787
20,757,341
21,165,873
21,278,735
21,260,937
21,561,223
19,032,806
21,953,797
22,446,590
21,424,153
Note: Power Consumption is measured in KWH.
*The variance in the average use per month for industrial and commercial
customers between 2004-2006 and prior years is the result of customer
classifications differences between the two accounting systems utilized by
CLFP’s corporate owners. The total of industrial and commercial customers
remains consistent for the two years and prior years.
Source: Cheyenne Light Fuel & Power
Page 13
Economic Indicators
Figure 4
Commercial Electric Power Sales
60
Millions
Monthly Average
Cheyenne 1990 - 2014
50
40
30
20
10
0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
Industrial
Commercial
Power Consumption is Measured in KWH
Page 14
Economic Indicators
Tables 1.7
Cheyenne Gas Consumption
Monthly Average
(Measured in MCF)
1992 - 2014
YEAR
INDUSTRIAL
COMMERCIAL
RESIDENTIAL
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
64,192
63,294
54,535
62,276
59,469
55,996
58,969
60,765
61,456
58,687
56,454
56,620
N/A
60,373
59,344
55,401
57,487
60,231
49,264
62,084
59,165
59,458
43,828
131,956
152,432
140,474
142,419
143,344
140,290
124,638
120,926
123,062
131,003
124,940
120,830
179,150
120,787
112,464
105,777
124,734
124,949
122,462
125,695
113,454
131,022
127,143
215,981
243,881
227,168
232,901
247,028
247,759
211,119
206,842
204,375
201,329
210,776
201,057
211,275
198,367
193,828
198,413
215,187
209,717
207,426
214,336
186,456
221,151
210,430
Source: Cheyenne Light Fuel & Power
Page 15
Economic Indicators
Tables 1.8
Cheyenne Utility Hookups
1992 - 2014
YEAR
AVERAGE
METERED
WATER TAPS
AVERAGE
RESIDENTIAL
ELECTRIC
HOOKUPS
AVERAGE
RESIDENTIAL
GAS HOOKUPS
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
17,537
17,721
17,926
18,154
18,444
18,691
18,890
19,100
19,193
19,355
19,532
19,832
20,246
20,721
21,225
21,600
21,678
21,929
22,048
22,338
22,581
22,863
23,104
27,743
27,966
28,476
28,851
29,295
29,794
30,319
30,421
30,806
30,946
31,330
31,776
32,340
35,065
35,121
35,057
35,136
35,318
35,478
35,062
35,334
35,621
36,023
23,183
23,452
23,900
24,299
24,696
25,490
25,864
25,994
26,415
26,643
27,122
27,668
28,357
29,175
29,859
30,185
30,400
30,672
31,205
31,679
31,929
32,227
32,670
Source: Cheyenne Board of Public Utilities
Cheyenne Light, Fuel & Power
Page 16
Economic Indicators
Tables 1.9
Laramie County Auto Registrations (Titles)
Annual Total
1997 - 2014
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
31,181
31,022
32,625
33,381
35,092
36,808
36,353
35,724
36,737
36,021
36,242
35,229
32,445
33,146
38,177
36,757
35,765
35,466
Source: Laramie County Clerk
Page 17
Economic Indicators
Tables 1.10
Laramie County Enplanements
Annual Total
1997 - 2014
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
21,839
19,035
19,500
22,646
24,426
21,391
17,182
16,167
14,372
14,681
16,888
15,314
11,155
17,426
22,776
13,952
10,777
4,438
Note: The decline in 2012 reflects the loss
of a regional airline serving the
Cheyenne market.
Source: Cheyenne Airport
Page 18
Economic Indicators
Tables 1.11
Tourism Activity
Monthly Averages
2006 - 2014
Available Rooms
Nights Occupied
Occupancy Rate (%)
Average Room Rate ($)
Visit Cheyenne
Walk-in Count
Trolley Ridership
Pine Bluffs Info. Center
I-25 State Visitor Center
Old West Museum Paid
Visitor
State Museum
2006
2007
2008
2009
2010
2011
2012
2013
2014
66,156
43,509
65.7
62.75
68,411
46,272
67.6
67.58
66,142
39,232
59.3
72.40
69,263
38,274
55.2
70.08
69,788
44,530
63.7
70.45
69,794
45,603
65.3
74.34
70,457
43,898
62.4
76.08
71,850
45,868
63.8
79.42
74,962
48,918
65.0
86.30
4,132
4,015
3,934
4,495
4,189
4,918
3,463
3,922
4,629
1,284
12,589
7,391
1,023
12,924
6,837
1,041
9,172
6,401
1,231
8,740
6,174
1,019
7,629
6,650
1,426
9,590
7,177
1,074
9,345
5,726
1,389
10,180
12,504
1,648
11,040
13,010
3,277
2,921
2,591
2,644
2,082
1,942
1,514
1,740
2,145
2,003
1,734
1,824
1,865
2,262
2,135
2,713
3,158
4,428
Note: Numbers reported are a monthly average for each year.
Source: Visit Cheyenne
Page 19
Economic Indicators
Employment Trends
This section presents a comprehensive overview of past and current employment
statistics and trends.
Table 2.1 presents job totals (full & part-time) by industrial sector which allows
measurement of job growth by sector over time. The source of these numbers is
the Bureau of Economic Analysis (BEA) which is an arm of the U.S. Department of
Commerce and is considered the best source of jobs data, but BEA
data generally lags by at least one year.
SECTION 2
EMPLOYMENT TRENDS
• Total jobs in 2013 stood at 64,915 which was a new historical
high for Laramie County. The absolute gain in jobs from 2012
Table
was equal to 1,577 and in turn was a 2.5 percent increase.
2.0 Labor Force Averages (2001 - 2014)
• The Construction sector handily outpaced all other sectors
Figure 5 - Unemployment Rates
for job growth. It added 518 new jobs (13.2%) which was more
than double its next closest competitor, Retail Trade which
2.1 BEA Employment (2002 - 2013)
gained 233 jobs.
2.2 Current Employment Statistics
(1996 - 2014)
• Interestingly, BEA reported 676 jobs in the Mining sector in
2013. It has not disclosed mining sector jobs since 2006 when
2.3 Employers By NAICS (2003 - 2013)
the total reported was 247. The significance of this, besides
2.4 BEA Proprietors (1986 - 2013)
the large increase in jobs, is that there are now multiple firms
Figure 6 - Proprietor Income
in the sector employing enough workers so that disclosure of
vs. Annual Wages
the total jobs figure does not reveal employment figures for
2.5 Employment Projections
just one firm. Correspondingly, BEA failed to report jobs in the
(2010 - 2016)
Arts, Entertainment and Recreation sector which meant there
2.6 Major Employers (2011 - 2015)
is one firm employing a large majority of employees within the
2.7 Firms By Size and Industry (2012)
sector and to reveal total jobs would reveal the identity of
•
•
•
that firm.
The government sector still retained its first position as the largest economic
sector in the county with 17,648 jobs, an increase of 0.7 percent (123 jobs) over
2012. The sector accounted for 27.2 percent of all jobs, down from 2012’s ratio
of 27.7 percent. This sector also generated 39.6 percent of all wage and salary
earnings in Laramie County (Table 3.3) and both statistics clearly demonstrated
the lack of diversification across the Greater Cheyenne economic system.
Table 2.4 presents BEA data on the number of non-farm and farm proprietors
plus average incomes for both groups through 2013. The number of non-farm
proprietors resumed its positive growth path in 2013 while farm proprietors
continued to shrink (-1.9%).
Non-farm proprietor income increased 5.8 percent in 2013 as compared to
2012. This increase was greater than the increase in the number of nonfarm proprietors (2.1%) and thus per capita non-farm proprietor income also
increased. Non-farm proprietor income between 2000 and 2007 contributed an
average of 7.8 percent to total personal income in Laramie County. However,
since 2008 that percentage fell to 6.0 percent which meant non-farm proprietors
had not made any headway in adding to the economic diversity of the county’s
economy. The comparable percentage for 2013 was 5.7 percent which was not
the desired result. It appears that the growth in the number of proprietors over
recent years has served to only dilute their annual earnings. This trend may
also suggest that workers who have lost jobs are finding it difficult to re-enter
the workforce and are turning to self-employment as a means to make a living.
From a big picture standpoint, total non-farm proprietor income in 2013 was
282.6 million dollars while total personal income in Laramie County was equal
to 4.970 billion dollars.
•
•
•
BEA revised farm proprietor statistics in recent years with the revisions
injecting inconsistency into the long-term trend. This problem is especially
pronounced for years 2002, 2007 and 2008 as presented in Table 2.4. However,
since 2008, it is clear that farm proprietors have declined.
Total farm income decreased 2.7 percent in 2013, but still remained well above
levels reported for years 2010 and back. Table 2.4 presents these figures.
Table 2.5 contains job projections (full and part-time) through from year 2012
through 2016 using BEA data as the baseline data set. The Table also contains
actual results for 2012 and 2013 allowing the reader to assess the accuracy
of the projections. The 2012 projected job total missed the actual total by
1.7 percent. The Finance, Insurance and Real Estate accounted for vast majority
of the differential. The 2013 projected jobs total was off target by 1.1 percent
(722 jobs) with the differential split primarily between the Construction and
Finance sectors. Projections for 2014, 2015 and 2016 were not changed in order
to allow accuracy measurements to continue going forward.
Page 22
Economic Indicators
2002
2003
2004
2005
2006
2007
2008
2009
For Wyoming, Laramie County & Cheyenne
2001 - 2014
Labor Force Averages
2010
2011
2012
2013
2014 (A)
25,982
25,559
10,477
1,656
1,171
UNEMPLOYED
Wyoming
Laramie County
Cheyenne *
4.2
4.3
4.5
4.5
4.6
4.9
12,118
1,917
1,356
26,336
40,242
39,633
3.9
4.6
4.8
10,733
1,883
1,332
26,208
40,775
39,441
3.7
4.2
4.5
10,256
1,762
1,246
26,480
41,725
39,849
3.3
3.9
4.1
9,229
1,628
1,152
26,907
42,908
40,493
2.9
3.6
3.8
8,388
1,502
1,063
27,191
44,150
40,919
3.1
4.0
4.2
9,183
1,700
1,202
27,411
45,158
41,250
6.3
6.5
6.0
18,937
2,836
1,717
27,120
44,133
40,995
7.1
7.6
7.0
21,295
3,354
2,038
27,129
43,342
40,928
6.1
6.9
6.3
18,533
3,082
1,869
27,667
44,192
41,727
5.4
6.2
5.8
16,504
2,791
1,733
28,311
44,792
42,518
4.6
5.0
4.6
14,219
2,289
1,419
29,271
46,025
43,959
4.3
4.7
4.4
13,173
2,181
1,360
29,706
46,158
44,613
NA - Data is not available.
Notes:(a) Figures are not benchmarked.
(b) Labor statistics are compiled from two major sources: Current Population Survey (CPS) and Current Employment Statistics (CES). Local Area Unemployment Statistics
(LAUS) are estimated based on CPS data which is collected through household surveys where individuals are reported as employed, unemployed or not in the labor force.
This data includes employment for both agriculture and nonagricultural industries. CES data is based on establishment records compiled through monthly surveys of
nonfarm employers. Individuals who worked in more than one establishment, full or part-time, are counted each time their names appear on payrolls.
Figures for 1995 - 2007 are benchmarked data.
* Cheyenne Employment is based on Census Bureau population estimates.
Source: Wyoming Department of Workforce Services
UNEMPLOYMENT RATE
Wyoming
3.9
Laramie County
4.1
Cheyenne *
4.4
39,208
38,183
11,192
1,738
1,230
39,101
38,464
259,508 258,462 259,489 262,358 267,927 275,758 282,102 286,991 281,208 280,897 284,643 289,102 292,096 297,907
269,985 269,654 271,607 273,091 278,183 284,987 290,490 296,174 300,145 302,192 303,176 305,606 306,315 311,081
40,119 40,839 41,550 41,324 41,611 42,121 42,422 42,949 43,831 44,283 44,809 45,309 46,248 46,794
26,730 27,212 27,692 27,540 27,726 28,059 28,254 28,613 28,838 29,167 29,536 30,044 30,690 31,066
2001
EMPLOYED(b)
Wyoming
Laramie County
(LAUS)
Laramie County
(CES)
Cheyenne *
LABOR FORCE
Wyoming
Laramie County
Cheyenne
Table 2.0
Figure 5
Unemployment Rate
2001 - 2014
8
7
6
5
4
3
2
01
02
03
04
05
06
Cheyenne
Page 23
07
08
09
Laramie County
10
11
12
13
14
Wyoming
Economic Indicators
Page 24
Economic Indicators
914
923
906
910
939
939
925
60,316 61,802 61,138 60,443 61,725 62,399 63,990
43,524 44,694 43,730 42,915 44,196 44,874 46,342
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
676
148
152
137
139
140
144
153
4,176
4,217
3,907
3,583
3,769
3,932
4,450
1,786
1,895
1,698
1,621
1,692
1,563
1,595
1,011
1,059
1,022
1,002
1,058
1,172
1,219
7,476
7,239
7,052
6,776
6,842
6,840
7,073
3,655
3,595
3,421
3,419
3,612
3,654
3,721
1,195
1,229
1,242
1,229
1,272
1,330
1,322
2,509
2,878
3,342
3,390
3,637
3,663
3,763
2,477
3,088
2,890
2,838
2,805
2,739
2,769
2,742
2,866
2,726
2,798
2,796
2,878
2,943
189
174
143
130
147
151
166
2,550
2,473
2,470
2,512
2,547
2,592
2,613
520
508
536
577
568
564
548
4,586
4,721
4,808
4,810
4,868
4,866
4,897
791
788
784
772
813
866
(D)
4,460
4,557
4,397
4,210
4,316
4,347
4,472
2,796
2,684
2,634
2,554
2,710
2,760
2,877
16,792 17,108 17,408 17,528 17,529 17,525 17,648
2,518
2,587
2,695
2,683
2,664
2,583
2,589
3,437
3,445
3,478
3,575
3,594
3,565
3,647
10,837 11,076 11,235 11,270 11,271 11,377 11,412
4,119
4,220
4,234
4,195
4,191
4,229
4,219
6,718
6,856
7,001
7,075
7,080
7,148
7,193
N/A - Data is not available
Note: (D) Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the totals.
Source: U.S. Commerce Department - Bureau of Economic Analysis
1,009
917
886
854
820
53,731 54,921 56,173 57,348 58,448
37,840 38,724 39,810 40,713 41,966
(D)
(D)
(D)
(D)
(D)
192
206
195
213
247
115
117
117
131
134
3,389
3,520
3,621
3,858
4,327
1,652
1,640
1,712
1,740
1,775
865
895
914
967
1,006
7,155
7,151
7,112
7,306
7,271
2,408
2,604
2,902
3,021
3,209
(D)
(D)
(D)
(D)
(D)
2,337
2,421
2,385
2,442
2,417
1,595
1,655
1,976
2,224
2,300
2,335
2,433
2,601
2,656
2,672
326
193
196
224
259
2,710
2,684
2,434
2,208
2,355
347
348
404
457
537
3,429
3,777
3,973
4,067
4,206
728
701
686
710
737
4,235
4,301
4,433
4,421
4,393
2,728
2,731
2,804
2,763
2,804
15,891 16,197 16,363 16,635 16,482
2,475
2,612
2,630
2,576
2,492
3,727
3,807
3,840
3,728
3,558
9,689
9,778
9,893 10,331 10,432
3,870
3,938
3,960
3,994
4,001
5,819
5,840
5,933
6,337
6,431
45,101 46,098 46,686 47,352 48,204 49,403 50,336 49,268 48,679 49,481 50,200 51,532
9,639
9,740 10,373 10,850 11,064 11,827 12,389 12,776 12,674 13,183 13,138 13,383
749
678
652
636
608
720
720
716
717
716
702
689
8,890
9,062
9,721 10,214 10,456 11,107 11,669 12,060 11,957 12,467 12,436 12,694
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
54,740 55,838 57,059 58,202 59,268 61,230 62,725 62,044 61,353 62,664 63,338 64,915
Full & Part Time Employment By Industry
2002 - 2013
Laramie County Employment (BEA)
Total employment
By type
Wage and salary employment
Proprietors employment
Farm proprietors employment
Nonfarm proprietors employment 2/
By industry
Farm employment
Nonfarm employment
Private nonfarm employment
Forestry, fishing, and related activities
Mining
Utilities
Construction
Manufacturing
Wholesale trade
Retail trade
Transportation and warehousing
Information
Finance and insurance
Real estate and rental and leasing
Professional, scientific, and technical services
Management of companies and enterprises
Administrative and waste management services
Educational services
Health care and social assistance
Arts, entertainment, and recreation
Accommodation and food services
Other services, except public administration
Government and government enterprises
Federal, civilian
Military
State and local
State government
Local government
Table 2.1
Page 25
Economic Indicators
(fb)
2001
(fb)
2002
(fb)
2003
(fb)
2004
(fb)
2005
(fb)
2006
(fb)
2007
(fb)
2008
(fb)
2009
(fb)
2010
(pb)
2011
(pb)
2012
(pb)
2013
(p)
2014
7.2
0.6
4.9
1.7
0.9
1.8
3.1
2.1
7.3
0.6
4.8
1.8
0.8
1.8
3.0
2.0
2.2
3.1
0.9
1.8
1.8
0.7
5.1
7.6
1.5
2.2
3.3
1.1
1.8
1.9
0.7
5.0
7.6
1.5
2.4
2.3
3.3
1.2
1.8
2.1
0.7
5.3
8.1
1.7
2.3
2.3
3.4
1.1
1.8
2.1
0.7
5.3
8.1
1.5
2.3
5.5
5.6
5.7
5.7
5.8
5.9
(fb) final benchmark, (pb) preliminary benchmark, (p) preliminary data
Source: Bureau of Labor Statistics
Local Government
1.5
1.4
2.2
2.7
3.5
1.0
1.9
2.1
0.7
5.4
8.2
1.5
2.5
3.0
3.4
1.1
2.0
2.3
0.7
5.5
8.5
1.5
2.6
3.2
3.3
1.0
2.0
2.4
0.7
5.5
8.6
1.6
2.7
3.3
3.2
1.0
2.0
2.6
0.8
5.6
9.0
1.6
2.9
3.5
3.3
1.0
2.0
2.8
0.8
5.6
9.2
1.6
3.3
3.8
3.4
1.0
2.0
3.3
0.8
5.7
9.8
1.6
3.1
3.9
3.4
1.1
2.2
3.3
0.9
5.7
9.8
1.7
3.3
4.0
3.2
1.1
2.2
3.0
0.8
5.3
9.1
1.5
3.0
4.1
3.2
1.1
2.2
3.0
0.8
5.2
9.0
1.4
2.7
4.2
3.2
1.1
2.2
3.2
0.8
5.3
9.3
1.4
2.9
1.3
3.5
1.2
3.2
4.3
3.3
1.1
2.2
3.2
0.9
5.4
4.3
3.4
1.1
2.2
3.3
1.0
5.7
4.3
3.4
1.1
2.3
3.4
1.0
5.9
9.6 10.0 10.3
1.3
3.0
5.8
5.8
5.9
6.3
6.5
6.7
7.0
7.1
7.1
7.3
7.4
7.4
7.4
4.4 4.3 4.2 4.2 4.2 4.2 4.3 4.3 4.4 4.4 4.4 4.5 4.6 4.4 4.3 4.3 4.4 4.5 4.6
1.4 1.4 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.7 1.8 1.9
11.3 11.4 11.5 11.5 11.7 11.9 12.1 12.3 12.4 12.8 12.8 13.2 13.6 13.9 13.8 14.0 14.0 14.0 13.9
2.5 2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.6 2.6 2.5 2.5 2.6 2.7 2.7 2.7 2.6 2.6 2.5
3.3 3.4 3.4 3.4 3.4 3.6 3.8 3.9 3.8 3.9 3.9 4.0 4.1 4.1 4.0 4.0 4.0 4.0 4.0
2.2
2.1
3.5 3.7 3.8 4.0 3.9 3.9 4.0 4.1 4.2 4.4 4.9 4.8 4.9 4.5 4.1 4.3 4.3 4.9 4.4
32.0 32.1 32.6 33.2 34.0 34.3 35.2 36.1 36.5 37.3 38.0 39.4 40.2 39.7 39.3 39.9 40.5 41.2 41.8
20.7 20.8 21.2 21.7 22.3 22.4 23.1 23.9 24.1 24.5 25.2 26.2 26.6 25.8 25.4 26.0 26.5 27.2 27.9
(fb)
2000
Total Goods Producing
Service-Providing
Private Service Providing
Mining, Logging, and
Construction
Manufacturing
Trade, Transportation,
and Utilities
Wholesale Trade
Retail Trade
Transportation and
Utilities
Information
Financial Activities
Professional and Business
Services
Education and Health
Services
Leisure and Hospitality
Other Services
Government
Federal Government
State Government
(fb)
1999
24.1 24.5 24.9 25.7 26.2 26.3 27.1 28.0 28.4 29.0 30.1 30.9 31.6 30.2 29.5 30.2 30.8 32.1 32.3
(fb)
1998
35.5 35.8 36.4 37.2 37.9 38.2 39.2 40.2 40.8 41.7 42.9 44.2 45.2 44.1 43.3 44.2 44.8 46.0 46.2
(fb)
1997
Total Private
(fb)
1996
Laramie County Nonagricultural Wage and Salary Employment
Employment In Thousands
1996 - 2014
Current Employment Statistics
Total Nonfarm
Table 2.2
Table 2.3
Laramie County Employers
Covered Employment
2003 - 2013
TOTAL
Agriculture
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation &
Warehousing
Information
Finance & Insurance
Real Estate &
Rental & Leasing
Services
Professional &
Business Services
Management of
Companies & Enterprises
Administrative & Waste
Services
Educational Services
Health Care & Social
Assistance
Arts, Entertainment, &
Recreation
Accommodation &
Food Services
Other Services
Government
Federal Government
State Government
Local Government
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2,804
2,805
2,806
2,807
2,808
2,809
2,810
2,811
2,914
19
16
6
411
70
147
344
3,040
20
19
6
449
76
158
346
3,084
22
18
10
457
74
163
334
3,168
21
20
9
454
81
183
343
3,238
23
18
10
445
83
181
338
3,222
27
17
8
437
75
166
321
3,279
30
23
8
414
75
174
317
3,350
35
27
9
438
69
167
323
3,484
37
33
10
461
71
175
330
3,506
39
33
0
471
69
180
318
2,812
112
110
119
130
136
127
127
135
134
132
2,813
2,814
52
176
52
185
55
181
59
193
55
190
59
196
54
222
58
218
60
216
67
212
2,815
113
115
120
118
124
119
128
131
133
129
2,816
1,314
1,369
1,389
1,412
1,489
1,526
1,548
1,582
1,668
1,687
2,817
347
368
384
402
436
448
459
484
513
523
2,818
16
25
26
26
22
19
17
15
16
17
2,819
233
238
234
238
261
259
261
265
288
281
2,820
28
30
34
39
40
40
44
50
52
50
2,821
243
245
253
260
277
297
299
303
311
344
2,822
30
32
32
32
31
28
27
27
30
33
2,823
190
203
198
192
194
204
199
199
203
203
2,824
2,825
2,826
2,827
2,828
227
134
50
58
26
228
135
53
56
26
228
142
55
60
27
223
145
58
60
27
228
146
58
61
27
231
144
57
61
26
242
159
68
64
27
239
158
67
64
27
255
156
65
64
27
236
159
66
66
27
N/A - Data is not available.
Source: Wyoming Department of Workforce Services - Q4 data
Page 26
Economic Indicators
Table 2.4
Laramie County Proprietors
(BEA)
1986 - 2013
YEAR
NONFARM
AVG
NON-FARM
PROPRIETOR
INCOME
FARM
AVG FARM
INCOME
TOTAL
PROPRIETORS
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
5,416
6,383
6,817
6,578
6,747
7,150
6,999
7,285
7,976
7,958
8,237
8,607
8,490
8,311
8,637
8,553
8,890
9,062
9,721
10,214
10,456
11,107
11,669
12,060
11,957
12,467
12,436
12,694
$10,675
$8,314
$7,298
$8,846
$8,874
$8,621
$9,674
$10,633
$11,474
$13,422
$14,207
$12,082
$14,861
$15,663
$17,757
$18,113
$19,857
$19,741
$19,537
$18,673
$20,632
$16,900
$15,817
$20,261
$20,145
$19,314
$21,480
$22,260
574
547
550
558
557
563
582
582
579
584
580
586
610
628
660
679
749
678
652
636
608
720
720
716
717
716
702
689
$3,383
$10,501
$8,516
$10,081
$18,788
$19,686
$21,249
$26,531
$6,914
$16,793
$10,743
$30,536
$16,174
$11,013
$11,905
$17,931
-$3,997
$8,378
$8,273
$15,689
$7,536
$14,326
$36,153
$19,383
$38,992
$83,757
$86,506
$81,803
5,990
6,930
7,367
7,136
7,304
7,713
7,581
7,867
8,555
8,542
8,817
9,193
9,100
8,939
9,297
9,232
9,639
9,740
10,373
10,850
11,064
11,827
12,389
12,776
12,674
13,183
13,138
13,383
Source: US Commerce Department - Bureau of Economic Analysis
Page 27
Economic Indicators
Figure 6
Average Proprietor Income vs Average Annual Wages
2003 - 2013
50,000
45,000
44,156
44,415
42,242
39,405
40,000
37,340
40,197
40,974
38,103
34,327
35,000
33,058
31,709
30,000
25,000
19,741
20,000
19,537
21,480
20,632
20,261
20,145
18,673
16,900
22,260
19,314
15,817
15,000
20
03
20
04
20
05
20
06
20
07
20
08
Avg Proprietor Income
Page 28
20
09
20
10
20
11
20
12
20
13
Avg Annual Wages
Economic Indicators
Table 2.5
Laramie County Employment Projections
Jobs by Place of Work
2011 - 2016
Total Employment(1)
PRIVATE
Agriculture
Mining
Utilities
Construction
Manufacturing
Transportation &
Warehousing
Wholesale Trade
Retail Trade
Finance, Insurance
& Real Estate
Professional & Tech.
Services
Administrative &
Management
Information
Health Care &
Social Assistance
Arts, entertainment,
& recreation
Accommodation &
Food Services
Other Services
GOVERNMENT
Federal Civilian
Military
State & Local
Government
ACTUAL
LESS
PROJECTED PROJECTED
ACTUAL
ACTUAL
63,105
63,338
64,430
-1,092
64,915
65,637
936
(D)
140
3,742
1,673
939
(D)
144
3,932
1,563
941
(D)
147
3,864
1,724
-2
N/A
-3
68
-161
939
576
153
4,450
1,595
3,612
3,654
3,822
-168
1,016
6,889
1,172
6,840
1,041
6,923
6,899
5,617
2,791
2011
2012
2012
2012
ACTUAL
ACTUAL
LESS
PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
2013
2013
2013
2014
2015
2016
-722
67,758
68,904
69,872
895
(D)
134
4,820
1,720
44
N/A
19
-370
-125
914
(D)
135
5,046
1,932
933
(D)
136
5,172
2,044
944
(D)
139
5,285
2,107
3,724
3,713
11
3,955
4,212
4,317
131
-83
1,219
7,073
1,089
6,958
130
115
1,114
7,491
1,140
7,559
1,151
7,616
6,968
-1,351
6,532
7,051
-519
7,122
7,157
7,193
2,878
2,868
10
2,943
3,014
-71
3,128
3,188
3,204
2,695
2,743
2,754
-11
2,779
2,815
-36
2,843
2,877
2,905
1,244
591
1,330
564
1,266
621
64
-57
1,322
548
1,301
568
21
-20
1,328
619
1,357
675
1,365
685
4,906
4,866
5,033
-167
4,897
4,902
-5
5,172
5,440
5,560
777
866
798
68
(D)
857
N/A
876
857
878
4,312
4,347
4,391
-44
4,472
4,445
27
4,565
4,688
4,791
2,685
2,760
2,757
3
2,877
3,061
-184
3,077
3,108
3,123
2,664
3,610
2,583
3,565
2,693
3,646
-110
-81
2,589
3,647
2,722
3,658
-133
-11
2,742
3,616
2,755
3,652
2,761
3,670
11,261
11,377
11,418
-41
11,412
11,569
-157
11,742
11,859
11,718
(1) Sector totals will not equal Total Employment due to non-disclosures.
(D) Not shown to avoid disclosure of confidential information, but estimates are included in totals.
Source: Wyoming Center for Business & Economic Analysis
Page 29
Economic Indicators
Table 2.6
Major Employers in the Cheyenne Area
(100 or more employees)
2011 - 2015
COMPANY
State of Wyoming
F.E. Warren A.F.B.
Laramie Co. School Dist. #1
Cheyenne Regional Medical Center
Federal Government
Wyoming National Guard
Sierra Trading Post
Laramie County
Community College
Veterans’ Affairs Medical Ctr.
Union Pacific Railroad
City of Cheyenne
Laramie County Government
EchoStar Communications
Holly-Frontier Oil
Laramie Co. School Dist. #2
Allstate Call Center
Dyno Nobel
BlueCross/Blue Shield
Magic City Enterprises
Life Care Cheyenne
United States Postal Service
Crete Carrier Corp
VAE Nortrak
Simon Contractors
Little America
Warren Federal Credit Union
Great Lakes Aviation
Mountain Towers
Charter Business
Taco Johns Inc.
Wyoming Tribune-Eagle
Gator Industries
Mountain Regional Services, Inc.
APW Wyott Corporation
Companies Requesting Anonymity
TOTALS
PRODUCT
Government Services
Military
Education K-12
Health Care
Government Services
Military
Outlet Catalogue/Retail
Academic, Vocational &
Community Service Education
Health Care
Transportation, Rail
Government Services
Government Services
Satellite Uplink Center
Oil Refinery
Education K-12
Insurance
Fertilizer & Industrial
Ammonium Nitrate Mfg.
Health Plans
Rehabilitation/Recycling
Facility
Long-Term Care
Government Services
Trucking
Rail supply manufacturer
Heavy construction
Hotel & Resort
Credit Union
Airlines
Long-Term Care
Communications
Food Service Headquarters
News and Printing Services
Manufacture Cable Harness
Disability Services
Manufacturing
2011
3,379
3,820
2,157
1,618
1,804
744
595
2012
3,397
4,325
2,157
1,667
1,785
1,048
587
2013
3,409
3,660
2,178
1,763
1,814
1,230
684
2014
2015
3,377
3,361
2,190
1,750
1,773
1,031
735
3,317
3,000
2,204
1,812
1,703
1,059
877
531
570
800
830
752c
586
594
550
375
324
292
214
250
603
594
550
366
360
292
226
218
650
600
570
383
396
292
224
218
650
615
575
383
390
292
222
218
702a
660
560
392
380
301a
229
225
151
157
204
208
221
177
205
205
192
217a
228
249
224
223
210
196
210
173
125
120
133
132
259
110
129
113
111
79
124
120
1,467
196
212
195
160
120
136
135
259
115
129
115
110
94
110
130
1,729
196
216
195
153
153
202
144
259
118
129
110
106
100
130
141
2,087
196
190
164
143
139
145
147
259
120
123
110
106
100
120
111
2,392
21,990
23,301
23,943
196a
195
182
180
175
158
154
150
120a
119
110a
106
100a
100
0b
2,530
23,580 23,396
a Current Count not provided by Company-used previous year
Data includes locally based employees only
Note: Previous years counts may adjust as companies are added or removed from the listing
Source: Cheyenne LEADS employer interviews January 2014
Page 30
Economic Indicators
Table 2.7
Firms by Size and Industry
Laramie County
Number of Establishments by Employment-size class(1)
2012
2012
Forestry, fishing, hunting,
agriculture
Mining
Utilities
Construction
Manufacturing
Wholesale trade
Retail trade
Transportation & warehousing
Information
Finance & insurance
Real estate & rental & leasing
Professional, scientific &
tech. services
Management of companies &
enterprises
Admin, support, waste mgt,
remed. Serv.
Educational services
Health care and
social assistance
Arts, entertainment &
recreation
Accommodation & food services
Other services
(expect public admin.)
Unclassified establishments.
TOTAL
TOTAL EMPLOYFIRMS
EES
1-4
5-9
10-19 20-49 50-99
100249
250499
500- 1000 OR
999 MORE
4
14
2
2
0
0
0
0
0
0
0
15
11
281
67
131
370
118
58
202
140
N/A
N/A
1999
1137
970
5598
N/A
1185
1679
433
8
4
172
38
75
154
69
32
130
114
4
3
53
10
29
96
24
10
34
14
1
1
33
7
17
68
9
7
24
11
1
2
19
7
8
31
9
4
11
1
0
1
3
2
2
12
2
3
1
0
1
0
1
2
0
7
3
1
1
0
0
0
0
1
0
0
1
1
1
0
0
0
0
0
0
2
1
0
0
0
0
0
0
0
0
0
0
0
0
0
445
1671
358
53
22
8
3
1
0
0
0
17
146
11
2
1
2
1
0
0
0
0
174
1246
121
21
22
5
3
2
0
0
0
35
381
18
3
11
2
0
1
0
0
0
324
6544
158
64
52
32
8
7
1
1
1
30
429
17
4
2
5
1
1
0
0
0
206
3974
54
27
56
54
13
2
0
0
0
264
1389
156
67
34
7
0
0
0
0
0
2
2,894
N/A
31,949
2
1,693
0
520
0
378
0
208
0
55
0
30
0
5
0
4
0
1
(1) Does not include proprietors, government, household services, or railroad workers.
Source: US Census Bureau - County Business Patterns
Page 31
Economic Indicators
Wages, Earnings &
Income Trends
•
•
•
•
•
•
This section presents multiple series on average wages, earnings and personal
income for residents of Laramie County. The most recent income data is for year
2013, 2014 statistics are just not available. The U.S. Census Bureau provides
various income measures using the American Community
SECTION 3
Surveys (ACS). The ACS provides 1-year estimates which
WAGES, EARNINGS &
sample a geographic area with 65,000 plus persons, the 3-year
INCOME TRENDS
estimate sample includes the 65,000 area, plus areas with
20,000 plus persons. The 5-year estimates (includes both
Table
the 1-year and 3 year areas and those areas with less than
3.0 Income & Average Wages
20,000 persons. The 5-year estimates are based on 5 times as
Figure 7 - Average Wage and
many sample cases as 1-year estimates. The reader should
only compare 1-year estimates to 1-year estimates and 5-year
Compensation Per Job
estimates to 5-year estimates. Please do not compare 1-year
3.1 Average Annual Earned Income
estimates to 5-year estimates, etc.
(2006 - 2013)
The reader needs to be aware that income figures will vary
3.2 Per Capita Income (1989 - 2013)
depending upon which estimate is provided. In addition, the
Figure 8 - Per Capita Personal
ACS income estimates are at the 90% confidence level which
Income
adds a larger margin of error to reported numbers. The end
3.3 Personal Income and Earnings
result is that reported income measures vary sharply from
By Industry (2002 - 2013)
year-to-year in both absolute size and in the rates of change.
Figure 9 - Personal Income
Therefore, extreme caution is encouraged when drawing
3.4 Total Payroll (2005 - 2013)
firm conclusions about income measures. The footnotes
provided in Table 3.0 explain which estimates are being used.
Table 3.0(a) presents ACS 5-yr. estimates of household income
and had 2013 median income at $55,864 which was an increase of 2.3 percent
over 2012’s estimate of $54,596 (+ $1,268).
Average household income was estimated at $69,621 in 2013 as compared to
$69,469 in 2012. This was a disappointingly fractional increase of 0.2 percent.
The 9.1 percent increase in 2013 median household income presented in Table
3.0(b) was disturbingly out-of-line which would suggest it will be heavily revised
in coming months.
Similar to recent past trends, the number of households with incomes above
$100,000 in the Cheyenne area rose to 22.2 percent in 2013 as compared to
2012’s 20.8 percent and 2011’s percentage of 19.2 percent. This trend continues
the previously reported income bracket creep experienced by households in the
upper income brackets while bracket creep among the lower income brackets
has been considerably less pronounced. As has been widely reported in the
national media, higher income households have enjoyed substantially better
gains in income than lower income households in recent years, and statistics
for the greater Cheyenne economy support that this trend is and has been at
play here.
Table 3.0(c) presents 2013 Earnings by Gender and clearly depicted the
existence of the often discussed gender gap. Median earnings for males in
Laramie County were 28.5 percent higher than females while male mean
earnings were 26.7 percent higher than females. In 2012, the comparable ratios
were 29.9 percent and 28.2 percent. Two years ago, the relevant ratios were
32.7 percent and 33.6 percent. At this point then, there has been three years
•
•
•
of steady improvement. The gender gap in wages has narrowed using both
methods of measurement.
Figure 9 presents the percentage changes in growth in U.S., Wyoming and
Laramie County annual personal income. Recession years are highlighted in
gray. Changes in Laramie County’s personal income closely mirror national and
state income changes under most circumstances. The magnitude of local and
state changes in personal income in some years was sharply greater than the
changes in national income. This behavior is due to Wyoming’s high dependence
upon the mineral industry which is, inherently, volatile.
A final note on one sub-component of personal income, non-labor income, is
required in this section. Non-labor income is composed of dividends, interest,
rents and government transfer payments. The contribution of non-labor income
to county total personal income has changed rather dramatically overtime.
In 1970, this component accounted for 27 percent of total personal income.
By 1990, it had risen to 37.8 percent and in 2000 its contribution stood at
38.7 percent. It did not change much between 2000 and 2010 with the latter at
38.7 percent. However, by 2013, the ratio had increased to 42.2 percent. In 2013,
when combined these components of total personal income were just shy of
2.1 billion dollars.
The long-term increase in the proportionate share of non-labor income to total
Laramie County personal income has suggested that the area has become
attractive to retirees who are dependent upon non-labor income to meet their
needs. It also implies that there has been in-migration of higher income workers
who receive a greater share of their income from non-labor (investments)
efforts. As presented in other parts of this report, Laramie County has an aging
population (more retirees) and has seen significant in-migration over the past
decade.
Table 3.0
2013 Household Income
Laramie County (a)
Total: *
Less than $10,000
$10,000 to $14,999
$15,000 to $24,999
$25,000 to $34,999
$35,000 to $49,999
$50,000 to $74,999
$75,000 to $99,999
$100,000 to $149,999
$150,000 to $199,999
$200,000 or more
Median household income
Mean household income
Median Household Income
Laramie County (b)
HOUSEHOLDS
YEAR
36,859
1,475
1,887
3,397
4,163
5,554
7,086
5,065
5,667
1,659
906
55,864
69,621
1997
1998
1999
2000
2001
2002
2003
2004
2005*
2006*
2007***
2008***
2009***
2010***
2011***
2012***
2013***
*90 percent confidence level margin of error
Source: US Census Bureau, American Community Survey,
5 year estimates
MEDIAN HOUSEHOLD
INCOME
PERCENT CHANGE
$37,168
$39,671
$39,728
$41,075
$41,446
$42,485
$44,283
$45,684
$44,790
$50,907
$49,784
$54,740
$52,375
$51,660
$51,864
$54,028
$58,963
Source: US Census Bureau
*American Community Survey, 1 year estimates
***American Community Survey, 3 year estimates
2013 Earnings by Gender
Average Wage and
Compensation Per Job
Population 16 Years and Over
(Full-time, year-round)
Laramie County (c)
Total:
$1 to $9,999 or loss
$10,000 to $14,999
$15,000 to $24,999
$25,000 to $34,999
$35,000 to $49,999
$50,000 to $64,999
$65,000 to $74,999
$75,000 to $99,999
$100,000 or more
Median earnings
Mean earnings
Laramie County (d)
MALES
FEMALES
YEAR
20,180
383
323
2,724
2,744
4,944
3,289
1,957
2,301
1,514
$47,081
$54,301
15,355
322
737
2,641
3,516
3,440
2,472
967
798
476
$36,640
$42,873
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Source: US Census Bureau, American Community Survey,
5 year estimates
6.73%
0.14%
3.39%
0.90%
2.51%
4.23%
3.16%
-1.96%
13.66%
-2.21%
9.96%
-4.32%
-1.37%
0.39%
4.17%
9.13%
COMPEN- PERCENT
SATION
CHANGE
N/A
N/A
N/A
N/A
$32,360
$33,743
$36,487
$38,517
$40,218
$41,979
$43,751
$47,959
$49,360
$51,200
$52,058
$53,494
$55,009
$57,433
$57,901
4.27%
8.13%
5.56%
4.42%
4.38%
4.22%
9.62%
2.92%
3.73%
1.68%
2.76%
2.83%
4.41%
0.81%
WAGES(1)
23,426
23,595
24,504
25,817
26,888
27,465
29,204
30,740
31,709
33,058
34,327
37,340
38,103
39,405
40,197
40,974
42,242
44,156
44,415
PERCENT
CHANGE
0.72%
3.85%
5.36%
4.15%
2.15%
6.33%
5.26%
3.15%
4.25%
3.84%
8.78%
2.04%
3.42%
2.01%
1.93%
3.09%
4.53%
0.59%
(1) Does not include benefits
Source: US Department of Commerce - Bureau of Economic Analysis
Page 34
Economic Indicators
Figure 7
Average Wage and Average Compensation Per Job
Laramie County 1999 - 2013
Thousands
$60
Average Compensation
$50
Benefits
$40
Average Wages
$30
$20
$10
$0
19
Page 35
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
Economic Indicators
Table 3.1
Laramie County Average Annual Earned Income(1)
(Dollars)
2006 - 2013
2006
2007
2008
2009
2010
2011
2012
2013
Average Annual Earned Income
35,269
36,179
37,453
38,376
39,052
40,209
41,899
41,825
PRIVATE
Agriculture
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Trans & Warehousing
Information
Finance & Insurance
Real Estate & Rental & Leasing
Professional & Business Services
Mgmt of Companies & Enterprises
Administrative & Waste Services
Health Care & Social Assistance
Arts, Entertainment & Recreation
Accommodation & Food Services
Other Services
32,019
24,284
66,183
59,748
35,802
42,523
42,887
23,452
33,046
40,326
41,444
29,991
46,189
52,494
19,539
22,763
36,153
12,012
26,429
24,726
32,097
26,611
50,856
62,855
40,430
46,904
45,604
23,673
34,320
41,444
43,966
33,904
48,802
61,334
20,865
23,010
36,985
12,181
16,055
29,653
32,929
29,016
47,333
71,890
41,782
49,231
46,722
24,284
36,621
41,574
43,745
31,837
49,920
56,550
22,971
24,622
38,285
12,532
14,599
27,742
33,358
28,093
53,586
73,294
40,313
49,517
47,619
24,674
37,440
42,913
44,590
32,656
54,587
51,012
24,596
26,273
38,363
12,181
14,404
27,859
33,904
28,613
57,499
73,346
39,611
53,846
48,191
24,934
38,597
42,744
45,890
35,035
51,220
54,847
24,466
26,000
40,092
12,389
14,911
28,639
35,438
29,640
60,970
78,000
41,158
60,398
50,232
26,026
39,871
44,109
46,527
35,243
54,366
62,426
24,453
25,558
41,444
13,039
15,327
31,070
37,674
29,705
75,608
81,380
42,276
57,343
53,105
29,250
41,262
45,032
51,636
36,205
57,382
68,432
25,077
25,675
46,098
13,000
17,134
31,382
37,336
29,051
70,824
79,751
44,893
55,224
50,527
25,948
42,380
45,933
50,353
38,515
53,023
71,517
24,769
25,151
42,467
13,555
21,632
32,881
GOVERNMENT
Federal Government
State Government
Local Government
42,783
54,990
46,215
35,880
45,591
57,655
49,361
38,714
47,723
59,553
52,455
40,456
49,179
59,696
54,691
41,886
49,868
61,360
56,420
41,795
50,453
62,478
56,836
42,315
51,194
63,206
57,473
43,329
52,121
63,301
57,772
44,841
(1) Compiled using quarterly data of average weekly wages
Page 36
Economic Indicators
Table 3.2
Per Capita Personal Income
Laramie County
1989 - 2013
YEAR
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
LARAMIE
COUNTY
(a)
$17,517
$19,085
$19,590
$20,303
$20,882
$21,670
$22,593
$23,149
$24,326
$26,144
$27,472
$29,069
$30,364
$32,305
$34,477
$36,192
$38,436
$41,973
$43,638
$46,934
$44,635
$44,798
$49,570
$51,403
$51,870
WYOMING
(b)
$16,457
$17,973
$18,641
$19,449
$20,242
$20,859
$21,609
$22,421
$23,946
$25,404
$27,067
$28,930
$30,703
$31,360
$33,329
$35,656
$39,183
$44,344
$45,770
$49,040
$43,488
$45,025
$49,260
$52,469
$52,826
UNITED
STATES
(c)
$18,647
$19,584
$19,976
$21,051
$21,690
$22,528
$23,551
$24,709
$25,929
$27,488
$28,611
$30,587
$31,524
$31,800
$32,677
$34,300
$35,888
$38,127
$39,804
$40,873
$39,379
$40,144
$42,332
$44,200
$44,765
PERCENT
DIFFERENCE
((a-c)/c)
-6.06%
-2.55%
-1.93%
-3.55%
-3.73%
-3.81%
-4.07%
-6.31%
-6.18%
-4.89%
-3.98%
-4.96%
-3.68%
1.59%
5.51%
5.52%
7.10%
10.09%
9.63%
14.83%
13.35%
11.59%
17.10%
16.30%
15.87%
Page 37
Economic Indicators
Figure 8
Thousands
Per Capita Personal Income
1989 - 2013
50
45
40
35
30
25
20
15
10
5
0
89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
Laramie County
Wyoming
United States
Page 38
Economic Indicators
Page 39
Economic Indicators
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011
2013
-13,484
-9,138
-15,146
251,256
-16,737
261,945
-22,920
321,159
-24,896
337,760
-29,122
347,738
-29,197
355,792
-30,219
360,252
-32,072
340,731
-34,568
364,211
-34,381
418,325
741,452
368,900
666,916
339,532
398,915
804,102
425,524
875,924
459,041
490,198
549,382
996,972 1,060,990 1,220,432
623,715
974,582
662,844
674,860
688,020
711,434
978,491 1,257,928 1,363,909 1,388,144
1,682,186 1,788,577 1,888,766 1,993,732 2,188,032 2,273,886 2,410,937 2,438,017 2,482,401 2,649,834 2,812,228 2,869,990
236,478
219,356
1,910,680 2,038,539 2,155,168 2,272,414 2,532,111 2,636,542 2,787,797 2,823,006 2,872,872 3,022,637 3,211,007 3,322,696
2,688,634 2,898,929 3,091,783 3,295,180 3,644,045 3,825,074 4,180,751 4,036,314 4,123,736 4,582,622 4,864,157 4,969,568
2002
(Thousands of Dollars)
2002 - 2013
Laramie County Personal Income and
Earnings by Industry (BEA)
Industry Earnings
Farm
5,639
13,248
13,401
18,804
12,948
19,724
35,421
24,107
37,100
68,891
70,450
68,564
Nonfarm
1,905,041 2,025,291 2,141,767 2,253,610 2,519,163 2,616,818 2,752,376 2,798,899 2,835,772 2,953,746 3,140,557 3,254,132
Private
1,150,533 1,203,736 1,270,587 1,324,448 1,543,896 1,560,041 1,617,428 1,620,842 1,617,757 1,712,119 1,867,269 1,965,349
Ag. Serv., For., Fish, and
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
Other (c)
Mining
10,659
10,214
10,425
14,473
16,833
(D)
(D)
(D)
(D)
(D)
(D)
32,383
Construction
129,230 136,927 147,055 155,825 196,541 201,122 213,764 200,631 186,488 198,302 219,592 264,662
Manufacturing
78,018
80,250
85,638
89,737
99,497 107,441 117,149 105,533 108,798 123,017 108,214 111,832
Transportation and
132,992 141,951 159,031 167,607 184,424 209,947 211,221 198,604 205,677 219,177 233,526 241,712
Warehousing
Wholesale Trade
38,317
39,174
40,317
43,198
48,360
52,171
56,233
53,428
54,662
56,357
68,246
71,669
Retail Trade
154,487 158,434 159,283 170,726 183,535 191,414 197,473 190,607 194,081 203,302 227,055 218,923
Finance and insurance
93,946 101,807
99,753
97,568 106,658
93,913
88,858 144,434 128,781 115,449 123,898 127,730
Real estate and rental and
29,288
29,416
29,376
32,157
33,126
27,479
29,143
34,777
41,614
47,028
62,269
66,675
leasing
Information
(D)
(D)
(D)
(D)
(D)
59,799
61,582
65,170
64,253
68,394
74,407
77,188
Utilities
9,042
9,103
9,570
10,523
11,682
13,494
16,078
14,138
14,497
15,683
15,970
17,459
Derivation of TPI
Earnings by
Place of Work
Less: Personal Cont.
for Social Insur. (a)
Plus: Adjustment
for Residence
Equals: Net Earn.
by Place of Residence
Plus: Dividends, Interest,
and Rent (b)
Plus: Transfer Payments
Total Personal Income
Table 3.3
Page 40
Economic Indicators
89,851
9,636
56,587
5,386
144,260
5,262
66,152
63,116
821,555
170,227
210,327
203,881
237,120
91,976
14,087
56,795
4,705
126,756
5,447
61,452
63,343
754,508
151,845
192,804
188,791
221,068
2003
181,598
219,535
213,267
256,780
871,180
66,021
76,409
5,379
158,820
6,838
52,307
9,946
96,231
2004
188,170
226,144
225,929
288,919
929,162
68,456
82,297
5,244
166,711
7,809
43,149
11,889
103,992
2005
86,096
97,990
6,368
203,107
10,664
54,464
13,044
117,336
2007
76,327
89,634
6,274
225,591
10,713
57,614
11,227
133,072
2008
75,344
83,755
5,905
230,440
11,088
58,463
6,876
130,360
2009
75,803
82,587
5,749
240,239
12,264
58,692
5,621
127,633
2010
82,097
87,065
6,008
249,866
12,725
60,092
4,975
139,436
2011
90,182
99,796
6,719
272,530
13,355
63,601
6,838
149,283
2011
100,582
118,413
(D)
265,922
12,815
65,105
8,093
153,528
2013
188,962
224,563
245,322
316,420
199,079
224,355
272,438
360,905
211,941
228,956
299,951
394,100
221,496
241,726
307,210
407,625
224,017
259,773
317,137
417,088
233,325
268,751
318,788
420,763
231,162
274,558
328,392
439,176
230,781
275,465
329,810
452,727
975,267 1,056,777 1,134,948 1,178,057 1,218,015 1,241,627 1,273,288 1,288,783
78,053
153,645
5,673
181,937
10,222
48,217
16,123
111,056
2006
Notes: (a) Personal contributions for social insurance are included in earnings by type and industry but excluded from personal income.
(b) Includes the capital consumption adjustment for rental income of persons.
(c) “Other” consists of wages and salaries of US residents employed by international organizations and foreign embassies and consulates in the United States.
(D)Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the totals.
Source:US Commerce Department - Bureau of Economic Analysis
Services
Professional & business
services
Management of
Companies &
Enterprises
Administrative &
Waste Services
Healthcare & Social
Assistance
Recreation
Accomodation & Food
Service
Other services
Government &
Government
Enterprises
Federal, Civilian
Military
State government
Local government
2002
Figure 9
Personal Income
20%
Laramie County, Wyoming, and United States
1980 - 2013
% Change from the Previous Year
15%
10%
5%
0%
-5%
-10%
-15%
80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 20 20 20
US
Page 41
Wyoming
Laramie County
Recession Period
Economic Indicators
Page 42
Economic Indicators
Laramie County Total Payroll
2006
2007
2008
2009
2010
2011
2012
2015
9,373,629 14,502,788
8,233,161
5,001,495
4,149,174
3,910,860
5,226,787
6,387,814
3,147,717
3,657,106
3,683,910
3,531,027
3,383,917
3,560,767
3,783,961
4,213,190
Source: Wyoming Department of Employment
58,006,438 111,807,944 68,027,373 62,624,143 59,681,905 59,438,623 62,617,221 70,670,357 85,739,057
28,902,270 32,902,789 39,553,427 35,485,211 34,967,397 35,088,004 39,143,509 41,439,907 43,128,986
505,744,085 538,760,983 592,447,407 640,150,673 672,854,939 683,065,601 690,128,744 697,962,534 709,003,291
134,121,740 136,304,292 144,382,915 153,343,770 160,120,805 163,960,722 165,429,574 162,087,394 162,221,718
163,991,046 176,929,458 194,156,562 211,961,307 222,447,138 226,172,146 228,067,806 229,117,402 230,036,566
207,631,299 225,527,233 253,907,930 274,845,596 290,286,996 292,932,733 296,631,364 306,757,741 316,745,007
2,993,259
29,297,106 30,901,987 28,937,489 38,095,141 39,122,905 40,152,127 40,446,882 41,747,994 42,201,562
2,806,876 4,485,436 4,936,644 5,204,090 5,502,544 5,837,783 5,977,167 6,411,418 6,165,633
111,620,055 117,796,016 131,271,554 142,131,911 146,551,102 154,012,466 163,678,223 184,088,711 171,037,142
8,873,314
1,305,006,162 1,471,097,550 1,556,111,653 1,646,454,767 1,651,892,395 1,657,948,847 1,734,056,381 1,833,229,568 1,882,171,933
799,262,077 932,336,567 963,664,246 1,006,304,094 979,037,456 974,883,246 1,043,927,637 1,135,267,034 1,173,168,642
4,180,865 4,975,212 5,858,146 6,917,063 7,845,101 7,974,743 8,214,691 9,147,726 9,736,226
4,376,146 5,772,466 4,386,129 4,969,916 5,180,188 3,227,818 8,950,204 16,069,304 20,892,410
7,523,273 7,688,851 8,751,922 10,171,282 9,820,991 9,915,796 10,685,601 11,346,358 11,872,871
89,461,929 114,832,073 122,655,250 130,697,518 116,426,319 103,906,955 111,481,622 119,007,166 151,676,182
66,164,291 69,267,208 76,519,006 82,499,186 73,518,033 76,410,802 88,636,643 76,581,505 76,598,064
30,715,026 34,793,021 37,446,002 40,436,474 39,806,629 39,004,251 41,041,985 48,854,179 49,783,282
126,654,855 131,240,773 136,485,731 137,208,929 130,458,372 129,864,713 138,066,401 159,202,396 142,938,141
50,309,102 61,206,000 78,702,198 84,023,272 81,026,659 84,789,912 92,851,663 99,439,524 107,650,506
36,000,249 40,775,374 43,096,401 44,546,399 46,529,919 46,284,346 48,391,153 51,344,774 53,081,212
59,808,864 62,844,823 64,978,552 71,044,384 75,856,516 75,535,004 76,608,000 83,684,314 83,589,862
14,329,007 15,378,661 17,780,746 17,073,501 15,931,975 17,560,796 18,039,263 20,222,251 21,503,830
309,738,470 381,192,104 351,977,510 376,716,170 376,636,754 380,408,110 400,960,411 440,367,564 443,846,056
67,239,152 70,776,586 61,091,129 81,258,603 82,278,379 78,346,016 81,625,782 86,998,429 84,972,672
2005
Covered Employment by Standard Industrial Classification
(Dollars)
2005 - 2013
TOTAL PAYROLL ($)
PRIVATE EMPLOYMENT
Agriculture
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation & Warehousing
Information
Finance & Insurance
Real Estate & Rental & Leasing
SERVICES
Professional & Business Services
Mgmt of Companies &
Enterprises
Administrative & Waste Services
Health Care & Social Assistance
Recreation
Accommodation & Food Services
Other Services
GOVERNMENT
Federal Government
State Government
Local Government
Table 3.4
Demographic Trends
The user will find population data for Cheyenne and Laramie County in this section
along with population forecasts. Table 4.0 presents population details for Census
Designated Places as of the 2010 Decennial Census. These data have not been
updated since that year.
• Table 4.1 provides population estimates per the Census Bureau through year
2013 and then projections from 2014 to 2020. We are projecting
that the County’s population will hit the 100,000 mark in 2017
SECTION 4
DEMOGRAPHIC TRENDS
and Cheyenne’s population will cross the 65,000 threshold by
2017 also.
Table
• Table 4.2 contains the most recent ACS data (2013). According
4.0 Census Detail (1990 - 2010).
to this data, the median age fell sharply in 2013. It dropped
4.1 Population & Household Estimates
1.9 percent or from 37.1 years to 36.4 years in 2013 which
(1990 - 2020)
continued the downward trend from its high of 38.2 years
Figure 10 - Population Forecasts
established in 2010. The previous trend saw the median age
rising which if continued would have had some negative
4.2 Population Profile (2000 - 2013)
implications for the local economy, but this 3 year reversal in
4.3 Population By Race & Ethnic
trend put these negatives to rest, at least temporarily.
Groups (1980 - 2010)
• Even though the median age decreased in 2013, it did not stop
Population By Age & Gender
(2000 - 2012)
the rise in the elderly population. The number of persons over
65 years of age increased by 5.1 percent from 2012 and not to
4.4 Migration & Commuters
be outdone, those between 60 and 64 years of age, increased by
(2000 - 2013)
6.1 percent. These two cohorts make up leading edge and most
Figure 11 - Commuting Flows
heavily populated segments of the Baby Boom generation. They
Figure 12 - Net Commuting
accounted for 20 percent of the total population.
Residential Adjustment
• The number of prime working age persons (25-44 yrs.)
4.5 Commuter Income Flows
increased by 3.9 percent in 2013 with this increase a reflection
(1990 - 2013)
of the strong economy which serves as a magnet for in4.6 Education Profiles & ACT Scores
migrating workers.
4.7 School Enrollments (1987 - 2014)
• Table 4.4 presents migration statistics for Laramie County
Figure 13 - School Enrollments
from 2000 forward. In-migration has exceeded out-migration
throughout this period, but there was a noticeable slowdown
beginning in 2011which followed the Great Recession. While 2013 net number
was higher than 2012, it remained far below 2010’s peak number of 1,327.
• The Wyoming Housing Database Partnership has also projected housing
demands through year 2040. Between 2010 and 2025, they forecast the demand
for single-family homes in Cheyenne will increase on average at a rate 338 units
per year or 0.75 percent. The average increase in the actual number of new
single-family homes between 2000 and 2013 was 403 (Table 5.3) by comparison.
Their forecast for rental demand is at a rate of 0.39 percent annually or 47 units
per year through year 2025. The actual number of apartment units built
between 2000 and 2013 averaged 59 units per year (Table 5.3).
• Table 4.5, in conjunction with Figures 10 and 11, provide insights as to the
role commuters play in Laramie County’s economy. The table presents inflow
and outflow earnings and the net residence adjustment between the two. The
inflow of earnings represents the amount of money brought back into the
county’s economy by Laramie County residents who commute to work outside
of the county. The outflow of earnings represents workers who commute into
the county for work but live outside of the county and take their earnings
back to their county of residence. Net outflows have been consistently larger
•
•
•
•
overtime which means more dollars flow out of the local economy than are
returned by county residents working outside of Laramie County. This ratio
steadily decreased from 1.64 percent in 1990 to 0.50 percent in 2005, but since
then it has crept steadily upward and stood at 0.69 percent by the end of 2013.
Therefore, 2013 net outflows accounted for only 0.69 percent of total personal
county income which is an insignificant percentage. Commutation has been and
remains a non-factor in the Laramie County economy.
Table 4.6 presents 1-year ACS estimates on educational attainment in Laramie
County. As can been seen, there is moderate to wide variation in the estimates
from year-to-year as thus valid comparisons, year-to-year, are problematic.
Statistics presented in Table 4.7 are enrollment numbers across all educational
institutions within the county. The three year sharp climb in elementary
enrollments continued for a fourth year in 2014 with elementary school kids
increasing 140, up 1.7 percent over the previous year. Over this four year span,
elementary enrollments grew at a rate of 7.9 percent or by a total of 618 kids.
A state goal for education is to get the ratio of elementary teachers to students
to 1:16 and it appeared that Laramie County District No. 1 obtained that
goal with 559 full-time elementary school teachers on-board. The District still
scrambled to find enough space to meet the goal however.
Table 4.7 also presents Laramie County Community College enrollments.
Enrollments at the college have fallen steadily since the end of the Great
Recession, down 16.5 percent (-470 FTE).
Home schooled enrollments which had declined steadily between 2009 and 2012
have now risen for the past two years, up 5.5 percent in 2012 and 13.8 percent
in 2014. The recent rise appeared tied to the overall growth in the local economy
which attracted in-migrating workers with many having families.
Table 4.0
Census Detail
1990 - 2010
Cheyenne City
Burns
Fox Farm/College
Pine Bluffs
Ranchettes
South Greeley
Warren AFB
Albin Town
Carpenter CDP
Bal. of County
TOTAL
1990
2000
2010
50,008
N/A
2,965
1,054
4,038
3,723
3,832
120
53,011
285
3,272
1,153
4,869
4,201
4,440
120
65,740
71,351
59,466
301
3,647
1,129
5,798
4,217
3,072
181
94
77,905
7,402
10,256
13,833
73,142
81,607
91,738
Source: U.S. Census Bureau Decennial Census 1990, 2000, 2010
Page 45
Economic Indicators
Table 4.1
Population Estimates and Projections
Laramie County
1990 - 2020
LARAMIE COUNTY
POPULATION
CITY OF CHEYENNE
POPULATION ESTIMATES
ESTIMATED LARAMIE
COUNTY HOUSEHOLDS
1991
73,979 (c)
50,607 (c)
28,584 (c)
1992
75,826 (c)
51,758 (c)
29,084 (c)
1993
77,495 (c)
52,628 (c)
29,593 (c)
1994
78,885 (c)
53,329 (c)
30,111 (c)
1995
79,513 (c)
53,472 (c)
30,638 (c)
1996
80,186 (c)
53,692 (c)
31,174 (c)
1997
80,328 (c)
53,626 (c)
31,719 (c)
1998
80,526 (c)
53,780 (c)
32,274 (c)
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
81,009 (c)
81,617 (a)
82,554 (c)
83,226 (c)
84,084 (c)
85,427 (c)
85,732 (c)
86,819 (c)
87,654 (c)
89,077 (c)
90,430 (c)
91,738 (c)
92,447 (c)
94,627 (c)
95,809 (c)
97,007 (b)
97,880 (b)
99,104 (b)
100,349 (b)
101,603 (b)
102,518 (b)
103,840 (b)
53,925 (c)
53,011 (a)
53,717 (c)
54,103 (c)
54,709 (c)
55,461 (c)
55,533 (c)
55,885 (c)
56,313 (c)
57,048 (c)
57,618 (c)
59,466 (a)
60,219 (c)
61,600 (c)
62,448 (c)
63,254 (b)
63,949 (b)
64,774 (b)
65,610 (b)
66,200 (b)
66,928 (b)
67,791 (b)
32,837 (c)
31,927 (a)
32,364 (b)
32,808 (b)
33,257 (b)
33,713 (b)
34,394 (d)
33,463 (d)
33,261 (d)
33,871 (b)
34,176 (b)
36,138 (a)
36,859 (b)
37,264 (b)
37,599 (b)
38,051 (b)
38,355 (b)
38,850 (b)
39,278 (b)
39,631 (b)
40,067 (b)
40,584 (b)
YEAR
1990
73,142 (a)
50,197 (a)
28,092 (a)
Notes: (a) U.S. Census Bureau Count
(b) Projections by the Center for Business & Economic Analysis
(c) U.S. Census Bureau Estimate
(d) American Community Survey (ACS)
* Projections by the Wyoming Division of Economic Analysis
Page 46
Economic Indicators
Figure 10
Population Forecasts
120
Thousands
Laramie County
1990 - 2020
100
80
60
40
20
0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20
19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Page 47
Economic Indicators
Table 4.2
Laramie County Population Profiles
2000 - 2013
*2000
2006
2007
2008
2009
2010
2011
2012
2013
81,607
85,384
86,353
87,542
88,854
91,738
92,680
94,483
95,809
Age Distribution
Less than 5
5 - 19 years
20 - 44 years
45 - 64 years
65 and over
5,384
17,910
30,427
18,535
9,351
6,528
16,210
30,328
22,568
9,750
6,390
17,787
29,423
22,325
10,425
6,534
18,667
29,590
22,208
10,545
6,967
16,677
19,108
23,425
11,277
6,727
18,078
30,258
24,584
11,505
6,264
17,501
31,351
25,511
12,053
6,372
18,126
31,776
25,715
12,494
6,359
18,956
31,917
25,452
13,125
Less than 5
5 - 16 years
16 years and older
18 years and older
5 - 20 years
18 - 20 years
21 - 24 years
25 - 44 years
45 - 54 years
55 - 59 years
60 - 64 years
65 and over
5,384
14,475
62,981
60,584
19,024
3,385
4,419
24,894
11,489
3,929
3,117
9,351
6,528
N/A
N/A
64,546
N/A
3,647
N/A
24,231
12,432
6,171
3,965
9,750
6,390
N/A
N/A
69,283
17,787
N/A
N/A
24,141
12,817
5,351
4,157
10,425
6,534
N/A
N/A
65,321
18,667
3,535
4,987
25,046
12,637
5,246
4,325
10,545
6,967
N/A
N/A
67,396
16,677
2,186
5,623
23,752
12,360
6,431
4,634
11,277
6,727
14,453
71,171
68,751
19,385
3,711
5,205
23,746
13,554
6,292
5,324
11,505
6,264
11,909
N/A
70,922
24,701
N/A
N/A
24,151
13,448
7,093
4,970
12,053
6,372
N/A
N/A
72,391
19,334
N/A
N/A
24,433
13,247
6,717
5,751
12,494
6,359
N/A
N/A
N/A
N/A
N/A
N/A
25,384
13,326
6,012
6,114
13,125
35.3
2.45
36.0
N/A
36.4
2.51
35.8
2.58
36.6
2.50
38.2
2.44
37.0
2.42
37.1
2.64
36.4
2.62
19,469
28,004
N/A
40,752
28,240
43,351
N/A
N/A
26,634
24,903
26,607
26,608
28,024
28,024
28,463
28,463
28,761
28,761
Median Household Income
City
38,307
County
39,307
N/A
50,907
52,521
52,521
56,820
56,820
49,176
49,744
49,065
48,784
54,053
54,053
54,192
54,192
61,661
61,661
Median Family Income
City
45,995
County
46,536
N/A
60,737
65,716
65,716
70,306
70,306
61,521
69,209
61,074
62,337
71,589
71,589
68,441
68,441
80,429
80,429
Census Population
Median Age
Persons Per Household
Per Capita Income
City
County
Sources: American Community Survey, 1-Year Estimates
* US Census of Population and Housing 2000
Page 48
Economic Indicators
Table 4.3
Population by Race and Ethnic Groups
1980 - 2010
YEAR
NATIVE
AMERICAN
WHITE
BLACK
LARAMIE COUNTY
1980
58,838
1990
62,265
2000
72,563
2010
81,205
1,952
2,218
2,124
2,248
661
528
693
878
555
821
777
976
WYOMING
1980
1990
2000
2010
3,270
3,606
3,722
4,748
8,266
9,479
11,133
13,336
2,044
2,806
2,771
4,426
431,503
411,946
454,670
511,279
ASIAN
OTHER
TOTALS
HISPANIC
(ETHNICITY)
5,450
6,431
68,649
73,142
81,607
91,738
6,643
7,310
8,897
11,978
21,486
29,837
445,083
427,837
493,782
563,626
24,474
25,751
31,669
50,231
Population by Age and Gender
Laramie County
2000 - 2012
2000 CENSUS
AGE
Under 5
5 to 19
20 to 24
25 to 34
35 to 54
55 to 64
65 and Over
Total
2010 CENSUS
2012 ESTIMATES
MALE
FEMALE
TOTAL
MALE
FEMALE
TOTAL
MALE
FEMALE
TOTAL
2,758
9,177
3,001
6,165
12,478
3,474
3,933
40,986
2,626
8,733
2,532
5,452
12,288
3,572
5,418
40,621
5,384
17,910
5,533
11,617
24,766
7,046
9,351
81,607
3,425
9,221
3,439
6,284
12,562
5,773
5,171
45,875
3,302
8,857
3,073
6,071
12,383
5,843
6,334
45,863
6,727
18,078
6,512
12,355
24,945
11,616
11,505
91,738
3,163
9,378
3,888
6,830
12,558
6,113
5,628
47,558
3,209
8,748
3,190
6,402
12,155
6,355
6,866
46,925
6,372
18,126
7,078
13,232
24,713
12,468
12,494
94,483
%
CHANGE
2010 TO
2012
-5.3%
0.3%
8.7%
7.1%
-0.9%
7.3%
8.6%
3.0%
Page 49
Economic Indicators
Table 4.4
Migration & Commuters
Laramie County Migration Data(1)
2000 - 2013
YEAR
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Total
IN-MIGRANTS
3,052
3,007
2,822
2,577
2,565
2,545
2,519
2,678
2,735
2,714
2,805
2,516
2,534
2,728
37,797
OUT-MIGRANTS
2,439
2,294
1,978
1,793
2,254
2,116
2,009
2,072
2,085
1,672
1,478
1,987
2,276
2,269
28,722
NET MIGRANTS
613
713
844
784
311
429
510
606
650
1,042
1,327
529
258
459
9,075
1. Driver Licenses Exchanged & Surrendered
Source: Wyoming Housing Database Partnership Reports
Commuters from Laramie County
2000 - 2010
FROM LARAMIE COUNTY TO:
Larimer, CO
Albany, WY
Weld, CO
Denver, CO
Sweetwater, WY
Douglas, NE
Kimball, NE
Carbon, WY
Platte, WY
Natrona, WY
Cheyenne, NE
Weber, UT
Goshen, WY
Arapahoe, CO
Dawson, NE
Boulder, CO
Lake, IN
Sarpy, NE
Source: American Community Survey
Page 50
2000
525
199
244
95
32
0
88
25
28
57
25
0
0
29
0
39
0
0
2010
FROM LARAMIE COUNTY TO:
311
295
258
129
125
103
83
81
63
62
52
49
37
37
35
30
26
24
x
Wood, TX
Missoula, MT
Philadelphia, PA
Scottsbluff, NE
Adams, CO
Story, IA
Marshall, KS
New York, NY
Jefferson, CO
Adams, NE
Converse, WY
El Paso, CO
Lincoln, NE
Wyandotte, KS
Seward, NE
Clay, IA
Bernalillo, NM
All Other Countries
Total Commuters
2000
0
0
0
24
78
0
0
0
39
39
29
28
25
20
20
20
18
64
1,790
2010
19
18
18
18
17
17
16
16
0
0
0
0
0
0
0
0
0
130
2,069
Economic Indicators
Figure 11
Commuting Flows
Laramie County
1990 - 2013
$130
$120
$110
Thousands
$100
$90
$80
$70
$60
$50
$40
$30
$20
$10
$0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Inflow of Earnings
Outflow of Earnings
Figure 12
Net Residential Adjustment
0.0%
Laramie County
1990 - 2013
-0.2%
-0.4%
-0.6%
-0.8%
-1.0%
-1.2%
-1.4%
-1.6%
-1.8%
19
Page 51
90 991 992 993 994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010 011 012 013
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Economic Indicators
Table 4.5
Commuter Income Flows
Laramie County
1990 - 2013
YEAR
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
INFLOWS OF
EARNINGS
($000)
14,840
17,422
20,195
23,612
27,743
31,272
35,215
39,884
45,777
51,812
60,356
63,417
64,285
64,722
68,440
72,306
76,506
81,391
83,372
80,553
80,903
86,246
91,632
95,499
OUTFLOW OF
EARNINGS
($000)
36,969
39,066
42,217
44,285
45,467
45,609
46,606
49,362
54,070
58,803
63,148
67,594
73,423
78,206
83,586
89,043
99,426
106,287
112,494
109,750
111,122
118,318
126,200
129,880
NET RESIDENT
ADJUSTMENTS
($000)
-22,129
-21,644
-22,022
-20,673
-17,724
-14,337
-11,391
-9,478
-8,293
-6,991
-2,792
-4,177
-9,138
-13,484
-15,146
-16,737
-22,920
-24,896
-29,122
-29,197
-30,219
-32,072
-34,568
-34,381
% NET
ADJUSTMENT/
TPY
-1.58%
-1.49%
-1.43%
-1.28%
-1.04%
-0.80%
-0.61%
-0.49%
-0.39%
-0.31%
-0.12%
-0.17%
-0.34%
-0.47%
-0.49%
-0.51%
-0.63%
-0.65%
-0.70%
-0.72%
-0.73%
-0.70%
-0.71%
-0.69%
Source: Bureau of Economic Analysis
Page 52
Economic Indicators
Table 4.6
Laramie County Education Profiles
1990 - 2013
1990
2000
2006(B)
2007(B)
2008(B)
2009(B)
2010(B)
2011(B)
2012(B)
Education Attainment (Yrs.)(a)
Elementary (K-8)
2,373 1,268 1,709 1,406
854 1,163 1,371
790 1,166
High School
4,868 4,107 3,671 4,068 3,746 4,041 2,407 3,831 3,632
(9-12, no diploma)
Senior High Graduate (12)
13,283 14,053 16,614 16,098 16,350 15,124 19,091 16,224 19,176
College Study (13-15)
15,763 15,916 14,920 14,281 16,067 17,882 17,238 14,913 17,004
College Graduate (16+)
9,467 8,146 8,292 8,392 8,995 7,915 8,854
N/A
9,718
Percent High
84.2% 89.1% 90.5% 90.2% 91.0% 90.5% 93.8%
N/A
N/A
School Graduates
Percent bachelor’s degree
N/A
N/A
22.3% 24.2% 24.1% 22.2% 22.6%
N/A
N/A
or higher
Associate Degree
N/A
4,868 7,019 6,538 5,597 6,916 7,487 8,933 6,455
Professional School Degree
N/A
2,853 3,277 3,555 3,036 3,834 3,505 5,439 5,050
Master’s Degree
N/A
1,136
738 1,168 1,104
744
751
N/A
N/A
2013(B)
561
2,410
15,471
19,361
10,688
95.4%
28.2%
8,101
7,369
N/A
Notes: (a) 25 Years and older
(b) American Community Survey 1-Year Estimates
Average ACT Scores
2002 - 2014
Laramie County
Wyoming
United States
Source:
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
22.2
21.4
20.8
22.5
21.4
20.8
22.1
21.4
20.9
22.3
21.4
20.9
22.3
21.6
21.1
21.9
21.5
21.2
21.4
21.1
21.1
20.6
20.0
21.1
19.1
20.0
21.0
20.5
20.3
21.1
N/A
20.3
21.1
20.1
19.8
20.9
20.4
20.1
21.0
US Census of Population and General Social and Economic Characteristics 1980, 1990
Wyoming State Data Center Bulletin Volume II, Number 3
ACT, Inc., Iowa city, IA
Laramie County School District Number 1
Page 53
Economic Indicators
Table 4.7
Public and Private School Enrollment
Cheyenne and Laramie County
1987 - 2014
YEAR
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
ELEMENTARY
7,639
7,740
7,913
7,989
8,180
8,186
8,363
8,250
8,212
8,036
7,822
7,782
7,711
7,555
7,532
7,415
7,285
7,104
7,053
7,168
7,263
7,459
7,738
7,782
8,004
8,014
8,260
8,400
JUNIOR
HIGH
3,145
3,081
3,010
3,004
3,223
3,487
3,622
3,645
3,555
3,585
3,658
3,640
3,533
3,525
3,485
3,510
3,510
3,496
3,497
3,412
3,242
3,130
3,153
3,214
3,247
3,272
3,286
3,371
SENIOR
HIGH
2,951
2,908
2,860
2,865
2,971
3,000
3,017
2,967
3,131
3,203
3,260
3,176
3,079
3,117
3,182
3,099
3,130
3,107
3,094
3,146
3,199
3,185
3,176
3,100
3,035
3,041
3,047
2,977
PRIVATE
497
510
499
488
433
368
352
375
379
389
460
478
450
415
360
360
408.5
535
471
415
394
406
453
433
405
441
457
454
HOME
SCHOOLED
N/A
N/A
N/A
N/A
N/A
96
118
149
190
221
238
269
305
333
346
326
317
305
295
331
357
380
377
336
291
255
269
306
TOTAL
14,232
14,239
14,282
14,346
14,807
15,137
15,472
15,386
15,467
15,434
15,438
15,345
15,078
14,944
14,905
14,710
14,650
14,547
14,409
14,472
14,454
14,560
14,897
14,865
14,982
15,022
15,319
15,508
LCCC
HEADCOUNT
2,877
2,900
3,151
3,509
3,483
3,564
3,448
3,434
3,279
3,220
3,218
3,035
3,524
3,431
3,178
3,331
3,951
3,818
4,028
3,544
3,972
4,149
4,493
4,865
5,095
4,845
4,607
4,284
LCCC
FTE
1,683
1,745
1,833
1,979
2,058
2,127
2,130
1,869
1,690
1,590
1,553
1,697
1,665
1,620
1,600
1,863
2,292
2,279
2,309
2,307
2,463
2,412
2,542
2,826
2,850
2,695
2,602
2,380
Footnote for School Districts: LCCC Headcount and FTE numbers are for the Cheyenne Campus and F.E. Warren AFB only.
These figures do not include the Albany County Campus.
1991 forward figures for Elementary, Junior High and Senior High are the Official yearly Oct 1 Enrollment from WDE.
Source:Laramie County School District #1
Laramie County School District #2
Laramie County Community College
Private Schools
Wyoming Department of Education
Page 54
Economic Indicators
Figure 13
Public School and College Enrollment
City of Cheyenne and Laramie County
1997 - 2014
Thousands
10
8
6
4
2
0
97
98
99
00
Home Schooled
Page 55
01
02
03
04
05
06
Private Schools
07
08
LCCC
09
10
11
Sr. High
12
13
14
Jr. High
Elementary
Economic Indicators
Housing Trends
This section contains data compiled from various sources that should be useful in
assessing the local housing market.
Table 5.0 presents historical annual real estate statistics for Laramie County
from Core Logic Solutions which is a national firm providing comprehensive real
estate data on the nation’s commercial and residential markets. Core Logic revises
its data on an on-going basis and statistics reported in last year’s
Trends may not match this year’s figures.
SECTION 5
• Home sales rose strongly between 2011 and 2013, but then
HOUSING TRENDS
fell in 2014 (-7.6%) and were off by exactly 200 sales. Average
annual sales over the past five years were 2,344 with new
Table
homes accounting for 11 percent of all sales.
5.0 Annual Core Logic Residential
Market Data (2009 - 2014)
• Even though sales were down, the average selling price in 2014
increased 1.7 percent to $222,899.
5.1 Residentials For Sale, Sold & Price
(1989 - 2014)
• Re-sale prices, however, dipped by 1.6 percent and averaged
5.2
Cheyenne Housing Rental Rates
$217,105.
(1999 - 2014)
• The number of foreclosures moved negatively in 2014 with
5.3 County Housing Profile (1986 - 2014)
an increase of 16.8 percent. Given that the greater Cheyenne
Figure 14 - New Residential
economy grew over the course of 2014, there is no ready
Housing Permits
explanation for the unexpected decline in overall home sales
5.4
Cheyenne City Housing Profile
and the sharp rise in the number of foreclosures.
(2002 - 2014)
• Permits for the construction of new single-family homes also
5.5
Building Permits (2001 - 2014)
fell in 2014, down 26.1 percent from 2013. Our understanding
5.6 Residential Construction Activity
is that there were bottlenecks in plating and permitting last
(1988 - 2014)
year, but those loosened by yearend with the announcement of
5.7 Historic Housing Occupancy
a few new and large housing developments in the early weeks
(1960 - 2010)
of 2015.
5.8
Vacancy Rates (1992 - 2014)
• New multi-family housing construction was essentially
•
•
non-existent in 2014, only 4 units were built, but similar to
single-family construction, there are a few new large multi-family complexes
already announced for 2015.
Cheyenne housing rental rates are presented in Table 5.2. After remaining
somewhat static over the past two years, rental rates for apartments increased
sharply in 4th quarter 2013 and 2nd quarter 2014, up 4.4 percent and 8.6 percent
respectively. Attribution for this event is ascribed to the large amount of new
commercial and industrial construction underway locally plus the new oil and
gas activity that picked up somewhat unexpectedly in mid-to-late 2013. Rental
rates for single-family homes also increased by above average rates in the
second quarter of 2014.
Table 5.8 presents apartment vacancy rates across Laramie County. Vacancy
rates at large apartment complexes had been close to historical lows from
second quarter 2012 through second quarter 2014, but then jumped during the
last quarter of 2014 with the yearend rate at 3.5 percent. Second quarter’s rate
was 1.4 percent by comparison. This sudden swing could be the first solid sign
of the potential magnitude of the impacts to come due to the recent crash in
oil prices.
Table 5.0
Annual Core Logic Residential Market Data
2009 - 2014
Total Sales Count
Total Sales Price - Mean
New Construction Sales Count
New Construction Sales % of Total Sales
New Construction Sales Price - Mean
Resale Sales Count
Resale Sales Price - Mean
Foreclosures
Foreclosure Rate
Negative Equity Loans
90+ Day Delinquency
2009
2010
2011
2012
2013
2014
2,052
189,635
193
9.4%
238,269
1,593
191,118
1,007
0.6%
750
297
2,040
200,314
273
13.3%
237,644
1,475
198,312
1,215
0.7%
1,862
367
2,173
205,145
233
10.9%
251,992
1,582
208,264
1,202
0.7%
1,817
336
2,415
217,301
250
10.3%
276,784
1,808
220,173
983
0.6%
1,644
315
2,645
219,137
259
9.7%
294,614
2,023
220,571
1,216
0.7%
1,060
312
2,445
222,899
259
10.6%
303,606
1,936
217,105
1,420
0.9%
802
313
Source: Core Logic Solutions
Page 57
Economic Indicators
Table 5.1
Residentials for Sale, Sold & Price
1989 - 2014
YEAR
AVERAGE
RESIDENTIAL
UNITS FOR SALE
AVERAGE DAYS ON
THE MARKET(1)
RURAL
AVERAGE SELLING
PRICE
RURAL
TOTAL
UNITS
SOLD – CITY
& RURAL
CITY
RURAL
CITY
1989
645
114
N/A
$66,900
$88,133
N/A
1,364
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
575
467
320
222
240
133
330
407
453
380
345
333
247
271
371
475
680
717
670
456
487
412
345
316
281
113
84
54
44
59
42
78
82
114
121
117
99
110
102
111
145
189
172
205
132
166
162
140
130
128
N/A
N/A
34
53
47
16
59
68
97
129
126
112
102
98
116
120
89
85
89
78
75
82
72
67
59
$67,667
$65,350
$70,250
$76,808
$81,775
$87,924
$88,868
$99,140
$100,053
$107,081
$108,509
$114,819
$123,556
$136,139
$147,921
$161,219
$172,455
$175,088
$174,366
$172,355
$182,630
$180,676
$191,846
$200,079
$205,864
$86,833
$96,317
$104,633
$104,867
$123,725
$139,313
$129,079
$144,695
$156,345
$154,805
$168,607
$186,935
$195,434
$216,344
$231,846
$248,114
$253,026
$261,145
$251,418
$261,529
$262,112
$265,153
$285,984
$296,570
$302,432
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
$110,429
$119,107
$123,583
$131,599
$145,087
$155,467
$165,743
$179,338
$191,863
$202,304
$193,759
$208,842
$197,700
$206,659
$215,288
N/A
1,231
1,481
1,634
1,710
1,872
N/A
2,135
2,093
2,393
2,899
1,321
1,508
1,497
1,605
1,858
1,879
1,840
1,586
1,360
1,331
1,291
1,348
1,510
1,711
1,797
129(2)
93
101
110
128
97
102
86
79
83
CITY
LARAMIE COUNTY
AVERAGE SALES
PRICE REPORTED
BY ASSESSOR(3)
(1) Note: As of January 2006, Cheyenne Board of Realtors (CBR) changed the calculation of the average
days on the market from the day listed to the day under contract.
Prior to 2006, the avg days on the market was calculated from day listed to the day of closing.
(2) CBR began reporting average days on the market separately for city and rural areas.
(3) Source: Laramie County Assessor’s Office
Source: Cheyenne Board of Realtors
Page 58
Economic Indicators
Table 5.2
Cheyenne Housing Rental Rates
1999 - 2014
QUARTER/
YEAR
HOUSE
APARTMENT
MOBILE
HOME
MOBILE
HOME
LOT RENT
2Q99
$666
$428
$508
$175
4Q99
2Q00
4Q00
2Q01
4Q01
2Q02
4Q02
2Q03
4Q03
2Q04
4Q04
2Q05
4Q05
2Q06
4Q06
2Q07
4Q07
2Q08
4Q08
2Q09
4Q09
2Q10
4Q10
2Q11
4Q11
2Q12
4Q12
2Q13
4Q13
2Q14
$628
$651
$637
$681
$757
$730
$762
$820
$843
$854
$839
$829
$816
$860
$835
$864
$864
$899
$856
$892
$902
$936
$983
$991
$1,057
$965
$1,072
$1,034
$1,085
$1,143
$433
$441
$440
$453
$470
$480
$478
$503
$528
$542
$569
$542
$573
$551
$564
$558
$557
$601
$587
$587
$594
$621
$640
$654
$649
$649
$673
$678
$708
$769
$485
$497
$498
$485
$566
$555
$487
$521
$524
$553
$579
$594
$546
$631
$588
$575
$594
$559
$616
$576
$633
$630
$597
$656
$586
$667
$753
$768
$855
$809
$184
$203
$205
$209
$208
$214
$215
$225
$224
$219
$227
$243
$221
$245
$252
$230
$239
$290
$266
$293
$265
$309
$276
$287
$284
$308
$316
$315
$354
$363
Note: House - 2 or 3 bedroom, single-family, excluding gas or electric.
Apartment - 2 bedroom, unfurnished, excluding gas or electric
Mobile Homes - Total monthly expenses, including water and lot rent
Mobile Home Lot Rent - Single wide, including water
Source: State of Wyoming Economic Analysis Division
Page 59
Economic Indicators
Table 5.3
Housing Profile
Laramie County
1986 - 2014
YEAR
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003*
2004*
2005*
2006*
2007*
2008*
2009*
2010*
2011*
2012*
2013*
2014*
AUTHORIZED CONSTRUCTION IN PERMIT ISSUING AREAS
SFU
377
190
160
100
79
91
229
263
353
258
302
254
320
289
245
257
446
565
726
674
460
321
203
229
550
277
350
424
313
DUPLEX
UNITS
4
0
2
0
0
0
2
4
0
22
2
6
24
0
0
2
12
0
4
0
2
0
0
2
0
0
0
0
0
PER UNIT VALUATION
SFU
TRI & FOUR
PLEX
MULTIFAMILY
TOTAL
UNITS
2013 REAL
$ VALUE
%
CHANGE
16
24
0
20
0
0
4
16
4
4
68
17
4
4
0
4
0
200
48
44
0
0
44
0
0
0
0
16
4
11
0
162
0
0
0
8
0
12
14
292
198
121
30
0
56
20
8
88
132
8
0
6
216
0
0
132
156
0
408
214
324
120
79
91
243
283
369
298
664
475
469
323
245
319
478
773
866
850
470
321
253
447
550
277
482
596
317
85.90
115.00
127.90
140.90
153.70
153.40
148.70
155.90
148.60
144.80
149.60
146.90
147.10
162.50
179.70
184.10
169.50
167.90
170.20
178.90
198.10
184.30
139
178.6
174.6
189.7
154.2
170.6
N/A
—
0.339
0.112
0.102
0.091
-0.002
-0.031
0.048
-0.047
-0.026
0.033
-0.018
0.001
0.105
0.106
0.024
-0.079
-0.009
0.014
0.051
0.107
-0.070
-0.246
0.285
-0.022
0.086
-0.187
0.106
N/A
* Calculated by the Wyoming Center for Business & Economic Analysis.
Estimates before that time were calculated by the Census Bureau
Wyoming Center for Business & Economic Analysis
Page 60
Economic Indicators
Figure 14
New Residential Housing Units
(By Type)
Laramie County
2001 - 2014
900
850
800
750
700
650
600
550
500
450
400
350
300
250
200
150
100
50
0
01
02
03
04
05
Duplexes
Page 61
06
07
08
Tri & Four plexes
09
10
11
Multi-Family
12
13
14
Single Family
Economic Indicators
Page 62
Economic Indicators
17,963
72.8%
6,752
27.2%
Single Family Units
% of Total
Multi-Family Units
% of Total
6,952
27.6%
18,242
72.4%
25,194
2003
7,049
27.3%
18,740
72.7%
25,789
2004
7,193
27.3%
19,183
72.7%
26,376
2005
7,195
27.0%
19,477
73.0%
26,672
2006
7,195
26.8%
19,681
73.2%
26,876
2007
7,245
26.8%
19,808
73.2%
7,463
27.2%
19,981
72.8%
27,444
2009
22,080
80
56
148
2,733
29
25,126
TENURE
OWN
4,902
936
2,129
2,779
987
0
11,733
RENT
Laramie County
2013
26,982
1,016
2,185
2,927
3,720
29
36,859
TOTAL
Households by Unit Type
Source: American Community Survey, 5 year estimates
Single-Family Unit
Duplex
Tri- or Four-Plex
Apartment
Mobile Home
Boat, RV, Van, Etc.
Total
UNIT TYPE
2008
27,053
Cheyenne Area
2002 - 2014
Housing Profile
Notes: (a) End of year figures -- Do not account for demolished condemned or unoccupied units.
Source:City of Cheyenne Building and Engineering Department
24,715
2002
Total Housing Units
Table 5.4
7,463
26.8%
20,416
73.2%
27,879
2011
73.2%
2.8%
5.9%
7.9%
10.1%
0.1%
100.0%
% OF TOTAL
7,463
27.0%
20,219
73.0%
27,682
2010
7,595
26.9%
20,666
73.1%
28,261
2012
7,767
27.1%
20,944
72.9%
28,711
2013
7,771
26.9%
21,141
73.1%
28,912
2014
Table 5.5
Building Permits
City of Cheyenne
2001 - 2014
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL
Total Single Family
Detached
Attached
Townhouses
Condos
New Apartments/
Duplex
Mobile Homes/ Constr.
Trailers
Demolish
160
152
8
8
0
262
222
40
40
0
454
329
125
124
1
509
498
11
7
4
443
443
0
0
0
294
287
7
6
1
204
204
0
0
0
127
127
0
0
0
173
173
0
0
0
238
238
0
0
0
197
197
0
0
0
250
250
0
0
0
278
278
0
0
0
197
197
0
0
0
3,786
3,595
191
185
6
11
1
50
24
16
1
0
12
2
0
0
2
5
1
125
14
15
22
36
10
10
7
8
12
1
0
1
2
0
138
30
26
24
24
33
28
13
32
17
0
0
2
1
0
230
Note: Attached Single Family Permits are Townhouses and Condos
Source: City of Cheyenne Building and Engineering Department
Building Permits
Laramie County (not including City of Cheyenne)
2001 - 2014
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL
Total Rural Single
Family Permits*
Total Multi-Family
Permits
105
172
182
219
231
166
117
76
56
74
80
100
146
116
1,840
N/A
12
80
58
24
8
0
0
0
0
0
0
0
0
182
* Does not include Mobile or Modular Home permits.
Source: Laramie County Planning and Development Office
Page 63
Economic Indicators
Table 5.6
Residential Construction Activity
City of Cheyenne
1988 - 2014
YEAR
HOUSING
PERMITS
FIVE YEAR
AVERAGE
NEW NET
HOUSING
UNITS (a)
NEW PERMIT
VALUATION
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
160
100
79
91
229
263
353
258
237
189
218
175
143
158
262
404
509
443
295
204
139
175
238
197
253
285
198
143
129
112
85
86
103
132
158
268
260
206
215
192
177
191
228
295
355
383
371
318
251
210
191
200
230
234
115
76
49
55
141
206
234
194
551
386
346
204
143
210
279
604
606
587
296
204
177
391
238
197
382
450
201
$8,091,088
$4,674,833
$4,345,707
$4,861,916
$11,470,136
$16,648,538
$15,110,883
$12,686,701
$16,005,852
$13,349,673
$13,419,234
$14,639,384
$15,069,862
$17,125,015
$29,060,916
$36,668,479
$67,770,878
$65,952,762
$49,764,021
$32,930,502
$23,947,298
$46,116,022
$37,359,022
$33,107,179
$51,318,559
$55,016,206
$36,044,582
Notes: (a): Housing units are defined as New Residences, Townhouses,
Condominiums, Multi-plexes and Apartment units.
1983 - 1988: Reported Apartment permits were not extended into units.
1989 - 1991: No new apartments or multi-plexed units were built.
Source: City of Cheyenne Engineer’s Office
Page 64
Economic Indicators
Table 5.7
Historic Housing Occupancy
Laramie County
1960 - 2010
1960
1970
1980
1990
2000
2010
Owner Occupied Units
% of Total
10,377
53.9%
11,220
57.7%
16,930
62.1%
18,406
60.3%
22,054
64.4%
25,533
68.0%
Renter Occupied Units
% of Total
7,871
40.9%
6,646
34.2%
8,362
30.7%
9,686
31.8%
9,873
28.9%
12,043
32.0%
988
5.1%
1,571
8.1%
1,983
7.3%
2,415
7.9%
2,286
6.7%
2,886
7.1%
19,236
19,437
27,275
30,507
34,213
40,462
Vacant
% of Total
Total Units
Source: US Census of Population and Housing
Page 65
Economic Indicators
Table 5.8
Vacancy Rates
Laramie County
1992 - 2014
LARGE APARTMENT COMPLEXES ONLY
YEAR
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001a
2001b
2002a
2002b
2003a
2003b
2004a
2004b
2005a
2005b
2006a
2006b
2007a
2007b
2008a
2008b
2009a
2009b
2010a
2010b
2011a
2011b
2012a
2012b
2013a
2013b
2014a
2014b
AVG # UNITS
SAMPLED
665
665
665
665
665
617
790
1003
961
862
858
847
803
808
817
814
805
852
879
920
903
893
838
822
855
864
870
873
896
750
757
752
730
946
845
794
862
AVG # UNITS
VACANT
1
0
3
6
42
41
86
88
60
27
18
21
20
18
26
21
41
29
43
40
39
52
31
30
29
30
46
35
36
24
28
20
14
16
13
11
30
%
VACANT
0.10%
0.06%
0.40%
0.96%
6.32%
6.59%
10.87%
8.78%
6.24%
3.17%
2.10%
2.52%
2.53%
2.27%
3.18%
2.58%
5.09%
3.40%
4.89%
4.35%
4.32%
5.86%
3.66%
3.61%
3.36%
3.51%
5.27%
4.01%
4.02%
3.16%
3.70%
2.66%
1.92%
1.69%
1.54%
1.39%
3.48%
Notes a = 2nd quarter data
b = 4th quarter data
(1) Source: Wyoming Housing Database Partnership
Source: Wyoming Center for Business and Economic Analysis Inc.
Page 66
VACANCY
RATE(1)
—
—
—
—
—
—
—
—
—
3.9
2.0
0.8
2.4
1.8
3.4
3.0
5.3
4.0
4.8
2.4
4.0
2.3
2.0
2.8
4.2
3.6
4.2
3.5
4.4
1.9
3.5
2.3
2.0
2.3
4.5
3.1
—
Economic Indicators
Development Trends
•
•
•
•
•
•
•
•
Unlike 2013 when the city annexed 898 acres, 2014 saw only 30 acres added
to its geographical area. The smallest addition since 2000 when 6 acres
were annexed.
Table 6.1 presents detailed statistics on the level of commercial construction
within city borders. As mentioned earlier, 2014 was a good year, but not a great
year. Total permits rose 13.7 percent over the previous year
while the dollar valuation increased 28.5 percent. While these
SECTION 6
DEVELOPMENT TRENDS
relative gains seemed high, their size were overstated due to
the fact 2013 was a down year.
Table
Industrial construction in the county, unlike the city’s, boomed
6.0 Annexation Trends (1985 - 2014)
in 2014. Total new dollar valuation was 204.8 million dollars
6.1 Commercial Construction Activity
and when city and county valuations were combined the
(1989 - 2014)
relative increase was 401 percent greater than 2013 and even
Figure 15 - Residential &
this figure is understated because often when firms expanded
Commercial Construction Valuation
their facility, it is treated as a remodel permit or addition
permit rather than a new construction permit. For instance,
6.2 New Commercial/Industrial
Construction (2006 - 2014)
in 2014, one firm did a 33 million dollar expansion that was
classified as an addition rather than a new facility thus
6.3 Commercial Property (2012 - 2014)
understating new construction values. See Table 6.2.
6.4 Assessed Real Property Values
(2004 - 2014)
Microsoft’s data center complex dominated industrial
construction in 2014 with at least 200 million dollars in
Figure 16 - Assessed Real &
Personal Property Values
construction activity. Wal-Mart’s new store was next in size at
16 million dollars. A new school at 15.3 million was also added
6.5 Major Property Tax Districts
to the mix. In addition to these projects, there were, at least,
(2004 - 2014)
another 17 projects, both new and remodels, with individual
Figure 17 - Major Property Tax
values in excess of 1.0 million dollars permitted over the
Districts - Revenues
course of 2014.
Table 6.3 provides summary vacancy statistics for commercial
properties through 4th quarter 2014. The number of vacant warehousing
properties over the past six quarters fluctuated around 25 per quarter with the
average vacancy rate at 8.3 percent. There is one large property (212,000 sf)
that dominated total square footage and when absorbed, available warehouse
space will decrease by over 50 percent and the vacancy rate will plummet.
The number of available commercial office properties has generally declined
since fourth quarter 2012 and ended 2014 at 51. The office vacancy rate
averaged 16.75 percent over the past six quarters. When state government
commences the planned massive restoration project for Wyoming’s Capitol
building, the amount of vacant office space will plummet as state office workers
are re-located to privately owned buildings and the reverse will be the case
following completion of the project.
The number of available retail properties averaged 61 per quarter over 2014
as compared to 66 during 2013, a decline of 7.6 percent. Vacant retail square
footage averaged 220,846 last year which a large improvement over 2013’s
average of 297,900, a decrease of 26 percent. The retail vacancy moved down
also with an average of 6.0 percent as compared to 2013’s rate of 8.1 percent.
Lease rates for retail properties averaged $14.56/sf over 2014 which were a tad
lower than 2013’s rate of $14.80
Table 6.5 presents property tax revenues generated for various local
governmental entities. City property tax revenues rose 5.8 percent last year
•
•
which netted the city an increase of $252,000 in additional revenues. The
County, on the other hand, saw its property tax revenues increase 11.5 percent
which resulted in a net increase of $4,025,000 in tax revenue. The County
collected a total of $21.8 million dollars in property taxes whereas the City
garnered a total of $4.6 million.
Total city valuation stood at 577.6 million dollars in 2014 with the County
valuation at 589.2 million dollars. When combined, property valuation for both
summed to 1.167 billion dollars which was an increase of 16.0 over 2013.
Statistics in Table 6.4 clearly revealed what drove the increased construction
was often the major driver, however, in 2014 new commercial and industrial
construction was the hammer driving valuations. Industrial valuation soared
20.8 percent and commercial values rocketed 84.3 percent. By comparison
residential construction increased only 5.2 percent.
ECONOMIC DEVELOPMENT
•
•
•
•
Laramie County’s economic development organization, Cheyenne LEADS,
reported that it worked with 32 new prospects in 2014. Six firms committed to
Cheyenne and in total, created 79 new jobs and added 200 million dollars in
capital investments. By yearend, there were 33 prospects still in play with six
carryovers from 2013 and 1 each from 2012 and 2011. In addition, existing firms committed to expansions that generated 15 new jobs
and invested an additional 280 million dollars in capital.
Of the new prospects just mentioned – 10 were in manufacturing; 9 were
engaged in energy/oil; 4 in technology; 3 in data centers; and 2 in distribution.
LEADS also expanded the North Range Business Park by 120 acres.
Table 6.0
Annexation Trends
City of Cheyenne
1985 - 2014
YEAR
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Total
ACRES
ANNEXED
18.79
6.14
156.89
19.65
1152.63(a)
306.10
114.21
54.08
22.01
12.96
307.82
18.11
66.66
0.99
640.00
6.25
48.73
942.53
93.67
74.00
332.82
945.53(b)
39.33
185.26
205.45
177.87
214.11
123.20
897.78
30.33
7,213.90
CITY SIZE
SQ. MI.
17.08
17.09
17.33
17.36
19.16
19.64
19.82
19.91
19.94
19.96
20.44
20.47
20.57
20.57
21.20
21.30
21.38
21.70
22.10
22.22
22.74
24.22
24.31
24.60
24.92
25.15
25.48
25.52
26.93
26.97
ANNUAL
GROWTH %
0.18%
0.06%
1.40%
0.17%
10.37%
2.51%
0.92%
0.45%
0.15%
0.10%
2.40%
0.15%
0.49%
0.00%
3.06%
0.47%
0.38%
1.50%
1.84%
0.54%
2.34%
6.51%
0.37%
1.19%
1.30%
0.92%
1.31%
0.16%
5.53%
0.15%
Note:(a) Includes the Cheyenne Business Parkway: 1069.2 Acres
(b) Does not include the North Range Business Park.
Source: City of Cheyenne Engineer’s Office
1982 - 2007 Data: City of Cheyenne Building and
Engineering Department Annual Report.
Page 69
Economic Indicators
Page 70
Economic Indicators
7
12
11
15
11
29
20
19
19
32
20
31
50
38
13
19
65
62
51
33
20
14
10
18
18
20
PERMITS
$3,375,503
$4,572,715
$7,275,590
$9,750,000
$2,700,325
$10,871,043
$16,434,056
$12,925,969
$20,839,102
$12,161,139
$7,846,454
$24,320,755
$51,451,096
$21,573,880
$6,485,220
$18,912,595
$35,703,309
$30,680,571
$40,113,164
$28,163,235
$3,857,698
$27,254,322
$3,909,712
$51,346,615
$26,633,403
$31,960,257
VALUATION
NEW CONSTRUCTION
106
106
124
92
113
118
133
121
168
134
142
191
166
190
124
142
116
87
103
109
61
84
105
110
99
113
PERMITS
$3,261,830
$3,559,211
$6,484,012
$5,891,709
$3,205,416
$10,359,677
$7,295,663
$6,029,289
$12,317,511
$14,437,090
$11,044,908
$15,831,825
$19,480,513
$26,125,665
$15,901,576
$16,961,616
$12,515,338
$10,286,203
$33,570,621
$22,082,443
$20,823,825
$12,754,133
$14,937,762
$41,893,966
$17,975,533
$25,381,807
VALUATION
ADDITIONS & REMODELS
113
118
135
107
124
147
153
140
187
166
162
222
216
241
154
161
181
149
154
142
81
98
115
128
117
133
$6,637,333
$8,131,926
$13,759,602
$15,641,709
$5,905,741
$21,230,720
$23,729,872
$18,955,258
$33,156,613
$26,598,229
$18,891,362
$40,152,580
$70,931,609
$56,970,212
$23,364,196
$35,874,211
$48,218,647
$40,966,774
$73,683,785
$50,245,678
$24,681,523
$40,008,455
$18,847,474
$93,240,581
$44,608,936
$57,342,064
VALUATION
ANNUAL TOTAL
PERMITS
City of Cheyenne
1989 - 2014
Commercial Construction Activity
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
YEAR
Table 6.1
—
4.4%
14.4%
-20.7%
15.9%
18.5%
4.1%
-8.5%
33.6%
-11.2%
-2.4%
37.0%
-2.7%
11.6%
-36.1%
4.5%
12.4%
-17.7%
3.4%
-7.8%
-43.0%
21.0%
17.3%
11.3%
-8.6%
13.7%
PERMITS
—
22.5%
69.2%
13.7%
-62.2%
259.5%
11.8%
-20.1%
74.9%
-19.8%
-29.0%
112.5%
76.7%
-19.7%
-59.0%
53.5%
34.4%
-15.0%
79.9%
-31.8%
-50.9%
62.1%
-52.9%
394.7%
-52.2%
28.5%
VALUATION
PERCENT CHANGE
Figure 15
Residential and Commercial
Millions
Construction Valuation
1989 - 2014
80
60
40
20
0
89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
Commercial
Page 71
Residential
Economic Indicators
Table 6.2
New Commercial/Industrial Construction
2006 - 2014
YEAR
CITY
COUNTY
TOTAL
2006
$30,680,571
$2,599,690
$30,683,171
2007
2008
2009
2010
2011
2012
2013
2014
$40,113,164
$28,163,235
$3,857,698
$27,254,322
$3,909,712
$51,346,615
$26,633,403
$31,960,257
$26,894,834
$9,150,632
$33,090,252
$54,285,457
$22,999,557
$115,559,215
$20,642,263
$204,856,374
$67,007,998
$37,313,867
$36,947,950
$81,539,779
$26,909,269
$166,905,830
$47,275,666
$236,816,631
% CHANGE
118.4%
-44.3%
-1.0%
120.7%
-67.0%
520.3%
-71.7%
400.9%
Laramie County Planning & Development
Page 72
Economic Indicators
Table 6.3
Commercial Property
For Sale & Lease (1,500 Sq. Ft. and Above)
2012 - 2014
PROPERTY TYPE
First Quarter 2012
Warehouse
Retail
Office Space
Second Quarter 2012
Warehouse
Retail
Office Space
Third Quarter 2012
Warehouse
Retail
Office Space
Fourth Quarter 2012
Warehouse
Retail
Office Space
First Quarter 2013
Warehouse
Retail
Office Space
Second Quarter 2013
Warehouse
Retail
Office Space
Third Quarter 2013
Warehouse
Retail
Office Space
Fourth Quarter 2013
Warehouse
Retail
Office Space
First Quarter 2014
Warehouse
Retail
Office Space
Second Quarter 2014
Warehouse
Retail
Office Space
Third Quarter 2014
Warehouse
Retail
Office Space
Fourth Quarter 2014
Warehouse
Retail
Office Space
#
PROPERTIES
SQUARE
FOOTAGE
AVG. LEASE
RATE
MIN./MAX.
RATE
VACANCY RATE
44
80
68
378,210
670,323
428,336
$7.76
$14.25
$13.31
4.29-19.00
6.00-23.50
5.14-22.00
7.0%FR
9.0%FR
20.6%FR
46
72
63
444,917
641,817
384,705
$7.27
$13.35
$13.48
4.25-19.00
5.00 - 20.00
5.14-22.00
8.1%FR
8.8%FR
18.6%FR
35
73
62
468,066
634,151
386,327
$7.01
$13.80
$13.26
3.20-19.00
5.00 - 23.50
5.00-22.00
9.1%FR
9.2%FR
17.7%FR
31
72
70
455,612
637,585
375,463
$6.61
$13.79
$13.04
3.20-19.00
5.00 - 23.50
5.00-22.00
9.2%FR
8.8%FR
17.4%FR
27
67
69
302,000
649,589
380,074
$6.73
$14.44
$13.20
3.20-19.00
6.00 - 23.50
5.00-22.00
6.0%FR
8.3%FR
17.8%FR
22
73
63
255,655
680,118
380,898
$6.79
$14.71
$13.45
3.84 - 19.00
6.00 - 23.50
5.00-22.00
5.1%FR
8.7%FR
17.9%FR
26
65
67
285,444
543,146
368,838
$6.61
$14.51
$13.79
3.84 - 19.00
6.00 - 23.50
7.00 - 24.00
5.2%FR
8.2%FR
17.2%FR
28
58
61
493,724
499,984
346,964
$6.74
$15.54
$14.09
3.84 - 19.00
7.50 - 23.50
9.42 - 24.00
9.6%FR
7.2%FR
16.1%FR
30
59
65
501,203
532,281
368,456
$6.71
$14.80
$13.85
2.12 - 19.00
7.50 - 23.50
5.94 - 24.00
9.7%
7.6%
16.7%
24
57
59
448,235
327,561
380,057
$7.69
$14.64
$13.83
2.12 - 16.00
7.50 - 23.50
5.94 - 22.00
8.9%
5.9%
17.6%
25
62
55
461,778
337,471
358,816
$7.50
$14.33
$14.00
2.12 - 16.00
7.50 - 23.50
5.94 - 22.00
9.0%
5.6%
16.9%
21
65
51
432,928
281,530
338,602
$8.54
$14.45
$14.10
2.12 - 17.00
8.00 - 23.50
7.00 - 22.00
7.5%
6.1%
16.0%
FR = Final Revision
Page 73
Economic Indicators
Page 74
Economic Indicators
2004
2006
2007
2008
2009
2010
2011
2012
2013
2014
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
11.50
11.50
11.50
11.50
11.50
11.50
11.50
11.50
11.50
9.50
6,536,482
7,997,115
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
9.50
7,603,355 9,008,744 10,216,461 9,737,914 9,328,333 8,896,648 8,536,334 10,302,994 10,105,131
11,013,260 15,218,492 16,594,245 15,686,940 14,041,815 13,220,435 13,156,684 14,072,747 13,151,377
9.50
0
1,096
5,633
4,203
4,213
5,622
4,841
5,256
2,266
2,943
22,337,600 25,397,071 12,994,233 13,369,278 14,719,375 16,698,431 17,678,952 18,833,694 19,790,334 22,044,898
11.50
27,057,707 27,214,048 27,508,729 35,091,021 47,042,892 37,312,702 39,078,802 38,957,272 35,488,431 45,386,285
70,763,291 81,885,058 93,770,212 123,697,989 161,134,802 155,640,370 178,172,414 217,416,235 232,767,593 281,186,079
9.50
95,554,194 108,951,158 130,952,222 134,384,568 139,307,754 137,905,101 138,513,675 144,763,758 149,188,739 157,521,658
15,947,858 17,670,759 17,911,527 29,672,137 30,955,419 30,196,669 30,822,423 32,007,724 34,652,660 63,890,725
9.50
273,116,519 299,464,953 301,267,635 311,440,645 315,919,042 325,783,658 336,012,459 340,928,907 351,192,921 364,624,106
127,393,533 144,933,887 165,856,111 177,212,824 180,771,757 181,815,093 189,475,613 193,035,691 198,696,636 208,964,245
402,264,902 443,234,610 468,742,963 491,136,898 512,011,815 510,335,674 522,506,425 533,191,527 546,175,351 577,640,123
244,439,397 280,900,035 305,750,575 360,546,473 403,268,293 398,392,120 429,369,837 474,450,028 499,979,970 589,237,324
2005
Laramie County
2004 - 2014
Assessed Real and Personal Property Value
(a) 2007 Agricultural data now refers to land only. All other data such as improvements
and personal property are now included in residential or commercial data.
* Fluctuations in valuations are due primarily to changes in mineral valuations.
Source: Laramie County Assessor’s Office
TOTAL
City ($)
360,986,244
County ($)
229,652,549
RESIDENTIAL
City ($)
240,898,699
County ($)
111,253,557
Assessed % of
9.50
Actual Value
COMMERCIAL
City ($)
90,420,290
County ($)
14,534,477
Assessed % of
9.50
Actual Value
INDUSTRIAL *
City ($)
24,052,789
County ($)
76,346,242
Assessed % of
11.50
Actual Value
AGRICULTURAL
City ($)
0
County ($)
20,535,737
Assessed % of
9.50
Actual Value
VACANT
City ($)
5,574,466
County ($)
6,982,536
Assessed % of
9.50
Actual Value
Table 6.4
Figure 16
Assessed Real and Personal Property Values
Millions
Cheyenne and Laramie County
2004 - 2014
1,400
1,200
1,000
800
600
400
200
0
04
05
06
07
08
09
Laramie County
Page 75
10
11
Cheyenne
12
13
14
Total
Economic Indicators
Page 76
Economic Indicators
2004
2005
2006
2007
2008
2009
Revenues
2004 - 2014
2010
Major Property Tax Districts
2011
2012
2013
2014
38,206,295
3.99
152,443
Source: Laramie County Assessor’s Office
WEED AND PEST DISTRICT
Value ($)
590,638,793 646,704,299 724,134,645 774,493,538 851,683,371 915,280,108 908,727,794 951,876,262 1,007,641,555 1,046,155,321 1,166,877,447
Mill Levy
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.00
Revenue ($) 885,958
970,056 1,086,202 1,161,740 1,277,525 1,372,920 1,363,092 1,427,814 1,511,462 1,569,233
1,166,877
SOUTH CHEYENNE WATER & SEWER
Value ($)
21,269,437 22,416,670 27,264,776 27,498,980 29,021,285 30,630,610 31,578,226 34,558,849 35,451,592 37,120,879
Mill Levy
3.57
2.52
2.49
3.54
3.60
5.16
5.28
5.13
5.76
7.82
Revenue ($) 75,932
56,490
67,889
97,346
104,477
158,054
166,733
177,287
204,201
290,285
LC CONSERVATION DISTRICT
Value ($)
590,638,793 646,704,299 724,134,645 774,493,538 851,683,371 915,280,108 908,727,794 951,876,262 1,007,641,555 1,046,155,321 1,166,877,447
Mill Levy
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
Revenue ($) 295,319
323,352
362,067
387,247
425,842
457,640
454,364
475,938
503,821
523,078
583,439
LC SCHOOL DISTRICT #2
Value ($)
43,459,943 46,735,825 54,894,441 56,700,736 73,249,179 88,768,863 72,941,065 96,869,610 106,538,503 126,121,548 137,493,055
Mill Levy
46.19
46.20
45.89
45.91
45.91
45.91
44.90
44.00
44.00
44.00
44.00
Revenue ($)
2,007,415 2,159,195 2,519,106 2,603,131 3,362,870 4,075,379 3,275,054 4,262,263 4,687,694 5,549,348
6,049,694
LC SCHOOL DISTRICT #1
Value ($)
547,178,850 599,968,474 669,240,204 717,792,802 778,434,192 826,511,245 835,786,729 855,006,652 901,103,052 920,033,773 1,029,384,392
Mill Levy
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
Revenue ($) 24,075,869 26,398,613 29,446,569 31,582,883 34,251,104 36,366,495 36,774,616 37,620,293 39,648,534 40,481,486 45,292,913
LARAMIE COUNTY
Value ($)
590,638,793 646,704,299 724,134,645 774,493,538 851,683,371 915,280,108 908,727,794 951,876,262 1,007,641,555 1,046,155,321 1,166,877,447
Mill Levy
17.00
17.00
17.00
21.66
20.91
17.00
17.00
17.00
17.00
17.00
18.69
Revenue ($) 10,040,859 10,993,973 12,310,289 16,775,530 17,808,699 15,559,762 15,448,372 16,181,896 17,129,906 17,784,640 21,808,939
CITY OF CHEYENNE
Value ($)
360,986,244 402,264,902 443,234,610 468,742,963 491,167,735 512,011,815 510,335,674 522,506,425 533,191,527 546,175,351 577,640,126
Mill Levy
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
Revenue ($)
2,887,890 3,218,119 3,545,877 3,749,944 3,929,342 4,096,095 4,082,685 4,180,051 4,265,532 4,369,403
4,621,121
Table 6.5
Figure 17
Major Property Tax Districts
Revenues
2004 - 2014
Millions
50
40
30
20
10
0
04
05
06
07
LC School Dist #2
Page 77
08
09
Cheyenne
10
11
Laramie County
12
13
14
LC School Dist #1
Economic Indicators

Economic Indicators for Greater Cheyenne

Transcription

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