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Wyoming
vs California Business Costs
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Workers Compensation Comparisons
Wyoming vs.California
Based on a 100 Employee Company with Machine Operators, Machinists, Outside Sales, and
Clerical/Office positions.
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|
Workers Comp Class. |
Workers Comp Rates |
| |
WY |
CA |
# Employ. Est. |
WY |
CA *** |
Diff. |
| Semi-Skilled |
339000 |
3560 |
85 |
$6.08 |
$12.82 |
$6.74 |
| Skilled |
339000 |
3632 |
3 |
$6.08 |
$11.75 |
$5.67 |
| Outside Sales |
41-4012/20 |
8742 |
5 |
$0.89 |
$2.02 |
$1.13 |
| Clerical |
43-3031/10 |
8810 |
7 |
$0.53 |
$1.77 |
$1.24 |
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Median Hourly Wages |
| |
MSA |
MSA |
|
| |
WY |
CA |
|
| Semi-Skilled |
$8.47 |
$11.39 |
* |
| Skilled |
$13.50 |
$18.16 |
* |
| Outside Sales |
$16.53 |
$22.11 |
** |
| Clerical |
$10.71 |
$15.51 |
** |
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|
Savings Per Employee |
| |
WY |
| Semi-Skilled |
$1,966.06 |
| Skilled |
$2,731.04 |
| Outside Sales |
$
622.97 |
| Clerical |
$
452.95 |
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Total
Yearly Savings |
| |
WY |
| Semi-Skilled |
$167,115.25 |
| Skilled |
$8,193.12 |
| Outside Sales |
$3,114.85 |
| Clerical |
$3,170.64 |
| Total |
$181,593.87 |
* bizsitesdata.com
** http://www.calmis.ca.gov/file/occup$/oeswages/Cal$oes.xls
*** Actual Rates given from Argonaut Ins. In SF (415) 705-0450
|
Wyoming workers compensation would most likely group all manufacturing workers, including semi-skilled and skilled, together for rates. That is reflected in workers comp rates and median income figures for Wyoming. Wyoming would most likely assign the example this example company a "Miscellaneous Manufacturing" classification, based on NAICS code 339920.
Final savings figures are based on median wage differences between Wyoming and California, as well as workers compensation rates for the two areas, and estimated number of employees in each classification.
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Taxes
| |
Corporate
Income Tax |
Individual Income Tax |
| Wyoming |
0.0% |
0.0% |
| California |
8.84% (a) |
1.0 - 9.3% (b) |
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(a) Minimum tax is $800. The tax rate on S-Corporations is 1.5% (3.5% for banks).
(b) "California has statutory provision for automatic adjustment of tax brackets, personal exemption or standard deductions
to the rate of inflation."
Source: Federation of Tax Administrators, Tax Year 2003
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Workers
Compensation Premium Rate Ranking
| |
Rank |
Index Rate |
| Wyoming |
13th Lowest in U.S. |
$1.75 / $100 of Payroll |
| California |
49th Lowest |
$3.34 / $100 of Payroll |
Source: State of Oregon, Research & Analysis Section, Department of Consumer & Business Services, 2000
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|
| Relative
State Business Costs |
|
Cost
of Doing Business |
Unit
Labor Cost |
Energy |
State
& Local Tax |
|
Index |
Rank |
Index |
Rank |
Index |
Rank |
Index |
Rank |
| Alabama |
91.8 |
39 |
94.3 |
35 |
87.7 |
34 |
79.7 |
50 |
| Alaska |
100.3 |
17 |
90.6 |
42 |
148.2 |
7 |
100.8 |
24 |
| Arizona |
100.1 |
18 |
99.1 |
16 |
106.8 |
13 |
97.5 |
27 |
| Arkansas |
91.6 |
41 |
90.8 |
41 |
88.6 |
32 |
102.2 |
21 |
| California |
108.9 |
6 |
103.6 |
10 |
137.0 |
10 |
106.3 |
14 |
| Colorado |
101.8 |
13 |
106.3 |
6 |
86.5 |
35 |
90.8 |
43 |
| Connecticut |
112.9 |
5 |
108.0 |
5 |
144.7 |
8 |
101.3 |
22 |
| Delaware |
96.1 |
25 |
96.4 |
28 |
100.3 |
19 |
87.7 |
45 |
| District
of Columbia |
116.6 |
2 |
116.7 |
1 |
103.6 |
17 |
135.2 |
1 |
| Florida |
100.6 |
15 |
101.9 |
13 |
98.1 |
21 |
94.4 |
33 |
| Georgia |
94.8 |
32 |
95.5 |
31 |
92.8 |
25 |
92.4 |
39 |
| Hawaii |
117.0 |
1 |
97.7 |
23 |
211.2 |
1 |
120.6 |
4 |
| Idaho |
89.6 |
43 |
92.4 |
37 |
64.2 |
51 |
106.9 |
13 |
| Illinois |
102.3 |
12 |
103.6 |
11 |
100.0 |
20 |
95.9 |
30 |
| Indiana |
94.6 |
34 |
97.2 |
26 |
83.3 |
41 |
91.9 |
41 |
| Iowa |
88.8 |
46 |
87.0 |
45 |
89.7 |
31 |
100.9 |
23 |
| Kansas |
94.9 |
31 |
95.4 |
32 |
90.7 |
29 |
97.9 |
25 |
| Kentucky |
89.1 |
45 |
92.2 |
38 |
69.1 |
50 |
96.5 |
28 |
| Louisiana |
95.0 |
30 |
93.9 |
36 |
103.3 |
18 |
91.1 |
42 |
| Maine |
108.7 |
7 |
98.6 |
18 |
148.9 |
6 |
124.4 |
3 |
| Maryland |
101.0 |
14 |
104.2 |
8 |
90.7 |
30 |
92.9 |
38 |
| Massachusetts |
115.9 |
3 |
111.0 |
2 |
153.5 |
4 |
96.1 |
29 |
| Michigan |
108.3 |
9 |
108.5 |
3 |
110.2 |
12 |
103.7 |
18 |
| Minnesota |
98.2 |
24 |
98.0 |
20 |
91.2 |
28 |
109.9 |
8 |
| Mississippi |
91.1 |
42 |
90.1 |
43 |
91.5 |
26 |
97.8 |
26 |
| Missouri |
95.9 |
27 |
98.8 |
17 |
86.3 |
36 |
88.6 |
44 |
| Montana |
89.2 |
44 |
90.0 |
44 |
75.8 |
45 |
103.3 |
20 |
| Nebraska |
81.2 |
49 |
80.2 |
49 |
76.2 |
44 |
95.6 |
31 |
| Nevada |
98.5 |
23 |
97.7 |
22 |
105.3 |
14 |
94.4 |
32 |
| New
Hampshire |
105.8 |
10 |
95.3 |
33 |
171.7 |
2 |
85.8 |
47 |
| New
Jersey |
113.0 |
4 |
108.4 |
4 |
142.0 |
9 |
104.4 |
17 |
| New
Mexico |
86.8 |
47 |
81.0 |
48 |
104.7 |
15 |
103.5 |
19 |
| New
York |
108.5 |
8 |
102.5 |
12 |
126.6 |
11 |
126.2 |
2 |
| North
Carolina |
91.7 |
40 |
91.6 |
40 |
91.4 |
27 |
93.1 |
37 |
| North
Dakota |
93.5 |
37 |
91.8 |
39 |
87.8 |
33 |
115.5 |
7 |
| Ohio |
100.4 |
16 |
98.5 |
19 |
103.8 |
16 |
109.7 |
9 |
| Oklahoma |
85.7 |
48 |
85.0 |
46 |
84.3 |
40 |
93.4 |
35 |
| Oregon |
93.6 |
36 |
95.6 |
30 |
74.6 |
46 |
107.2 |
12 |
| Pennsylvania |
99.6 |
20 |
100.9 |
14 |
97.1 |
24 |
93.8 |
34 |
| Rhode
Island |
95.6 |
28 |
83.5 |
47 |
150.0 |
5 |
104.6 |
15 |
| South
Carolina |
95.3 |
29 |
97.7 |
24 |
85.2 |
38 |
92.3 |
40 |
| South
Dakota |
77.6 |
51 |
72.6 |
51 |
97.5 |
23 |
85.2 |
48 |
| Tennessee |
93.5 |
38 |
97.9 |
21 |
81.5 |
42 |
78.4 |
51 |
| Texas |
96.1 |
26 |
97.6 |
25 |
97.7 |
22 |
82.3 |
49 |
| Utah |
94.7 |
33 |
96.8 |
27 |
74.6 |
47 |
109.0 |
10 |
| Vermont |
105.6 |
11 |
96.1 |
29 |
153.5 |
3 |
104.6 |
16 |
| Virginia |
99.5 |
21 |
104.2 |
7 |
84.3 |
39 |
86.6 |
46 |
| Washington |
99.8 |
19 |
104.1 |
9 |
72.4 |
49 |
108.2 |
11 |
| West
Virginia |
94.3 |
35 |
94.5 |
34 |
78.5 |
43 |
116.3 |
6 |
| Wisconsin |
99.2 |
22 |
99.5 |
15 |
85.8 |
37 |
117.0 |
5 |
| Wyoming |
80.2 |
50 |
80.0 |
50 |
72.7 |
48 |
93.2 |
36 |
| Source:
2003 North American Business Cost Review, Economy.com |
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|
Cost of Doing Business Index
| California |
108.9 |
| Wyoming |
80.2 |
| 26.34% Difference in Business Costs |
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Energy Cost Index
| California |
137 |
| Wyoming |
72.7 |
| 46.934% Difference in Energy Costs |
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| bizsitesData:
WY, and CA Statistics |
| Semi-Skilled
(2001) |
US |
California |
Wyoming |
| Buffing
and Polishing Set-Up Operator |
$22,741 |
$25,528 |
$18,979 |
| Coating,
Painting, and Spraying Machine Operator |
$23,146 |
$25,983 |
$19,317 |
| Crushing,
Grinding, and Mixing Machine Operator |
$21,486 |
$24,119 |
$17,932 |
| Grinding
and Polishing Worker, Hand |
$22,230 |
$24,955 |
$18,553 |
| Heavy
Assembler II |
$24,102 |
$27,055 |
$20,114 |
| Hoist
and Winch Operator |
$29,205 |
$32,784 |
$24,373 |
| Letterpress
Setter and Set-Up Operator |
$27,449 |
$30,813 |
$22,908 |
| Machine
Operator I |
$21,104 |
$23,690 |
$17,612 |
| Machine
Tool Cutting Operator/Tender |
$23,089 |
$25,918 |
$19,269 |
| Millwright |
$36,618 |
$41,105 |
$30,560 |
| Packaging
and Filling Machine Operator/Tender |
$20,434 |
$22,938 |
$17,053 |
| Punch
Press Operator |
$26,146 |
$29,350 |
$21,820 |
| Security
Guard |
$23,716 |
$26,622 |
$19,792 |
| Sheetmetal
Mechanic II |
$29,119 |
$32,687 |
$24,302 |
| Wood
Machine Operator |
$20,428 |
$22,931 |
$17,048 |
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| Skilled
(2001) |
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| Assembly
Supervisor |
$44,900 |
$50,402 |
$37,472 |
| CAD
Drafter |
$29,205 |
$32,784 |
$24,374 |
| Calibration
Technician II |
$32,621 |
$36,619 |
$27,224 |
| Crane/Tower
Operator |
$31,036 |
$34,840 |
$25,902 |
| General
Maintenance Worker III |
$32,181 |
$36,125 |
$26,858 |
| Instrument
Technician II |
$35,305 |
$39,631 |
$29,464 |
| Machinist
II |
$33,648 |
$37,772 |
$28,082 |
| Mechanic
Technician II |
$32,168 |
$36,110 |
$26,847 |
| Production
Scheduler |
$47,906 |
$53,777 |
$39,981 |
| Tool
and Die Maker II |
$37,477 |
$42,070 |
$31,278 |
| Truck
Driver - Light |
$21,953 |
$24,643 |
$18,321 |
| Welder
II |
$31,356 |
$35,199 |
$26,169 |
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| Information
Technology (2001) |
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| Data
Warehouse Specialist |
$55,946 |
$62,802 |
$46,691 |
| Database
Administrator |
$64,942 |
$72,900 |
$54,199 |
| Electronic
Data Interchange Specialist |
$47,312 |
$53,110 |
$39,485 |
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