TAXABLE SALES REPORTED TO Wyoming’s Department of Revenue and Taxation in July totaled $234.4 million, a jaw-dropping 94% increase over the amount reported in July 2020. A lag of about a month separates actual sales from when taxes are reported by the state, so July’s number generally reflects sales in June.

The growth was so big because the 2020 number was so small. In June 2020, Teton County was deeply in a COVID-related slough of taxable sales despond, so the July 2020 sales figure was lower than any July figure since 2013.

During fiscal year ending in July, all of Teton County’s taxable sales totaled $1.871 billion, 20.4% higher than during the previous 12 months and the county’s all-time record sales figure.

Source: State of Wyoming

LOOKING AT LONGER-TERM TAXABLE sales trends, the graph above shows the 12-month running totals of Teton County’s total taxable sales since the report of July 1998.

The July 2021 number was so strong that the 12-month running total figure is now above where it was a year ago, and actually at an all-time high. In short the pandemic crushed the local taxable sales economy for about half a year, and in the last half-year it’s come roaring back.

Source: State of Wyoming

RETAIL SALES ARE THE BIGGEST category of Teton County’s total taxable sales. Retail sales reported in July totaled $68.5 million, 65% higher than the figure reported in July 2020.

Retail sales reported during the fiscal year ending in July totaled $756.2 million. This is the highest-ever total for retail, and an 25.4% increase over the previous 12 months. Sadly for local merchants, the single biggest growth area in retail has been online sales, not sales made in local stores.

Source: State of Wyoming

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