Wyoming is a large state with a small population. The population has been slowly but steadily rising over the past two decades. Between 1990 and 2000 the population rose 8.9%, and since 2000 the population has risen another 3.1%. This is an improvement over the population loss that the state was experiencing in the 1980s. The per capita income of the residents of Wyoming is $37,305, higher than the national average.

Wyoming commercial real estate is some of the least expensive in the country. It has a commercial real estate market that is markedly different from most others in the United States. However, Wyoming's real estate prices, across the board, are on the rise on account of growth-fueled demand for a very limited supply of land. It's not that Wyoming does not have a lot of land, rather, much of Wyoming's land is already in the hands of the federal or state governments. The best way to get hands on it is through leases and licenses with the government, but this doesn't promote development. However, Wyoming's chief industries are mineral extraction and tourism, both of which only require rights of use.

In Wyoming's cities - Casper, Jackson Hole and Laramie - the economy shows vibrant growth, so much so that experts are becoming worried about the lack of workers and any sort of housing to put them in. The housing slowdown plaguing the rest of the country goes largely unnoticed in Wyoming, in part because Wyoming mortgage lenders issued so few subprime loans during the boom and in part because demand is so strong. Housing demand is particularly strong in oil and gas boom towns like Gilette, where new construction can't go up fast enough. Like many other western states, the desire for new residential construction is eating into agricultural lands. The percentage of agricultural land in Wyoming - mostly for grazing and feed crops - stands at about 55% and is rapidly dropping.

Inside and outside of the cities, Wyoming is becoming a destination for speculators and out of state real estate investors. A far-sighted investor might look to Laramie, Wyoming, home of the University of Wyoming and The Wyoming Technical Institute. The educated population (the city has the largest population of PhDs in the country) is drawing high-tech and biotech companies to the area. In the not too distant future, Laramie may become a much more cosmopolitan city. Another attraction for businesses to the state is the tax policy that is favorable to businesses and their employees. The state levies no individual or corporate income tax making doing business in Wyoming more profitable.