Cost of Living in Jackson, WY

Population 10,746 · Wyoming · Data vintage 2023

302
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Jackson's housing market is in a category of its own — median home values around $1.2 million sit roughly 4 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents. The labor market has been unusually tight, with unemployment around 1.2% — below most comparable cities in the state.

Geographically, Jackson lies roughly 195 miles southwest of the nearest major metro, Billings. Median home values run roughly 294% higher than Billings' $312,000.

Cost Overview

Housing 403
Rent 150

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Jackson

The median home value in Jackson is $1,228,700 — 303% above the national median of $305,000. Median rent runs $1,975/month, 50% higher than the national median of $1,314/month. The median household income of $112,609/year is 51% higher than the US median of $74,580. The local unemployment rate is 1.2%, below the national average of 4.8%. Wyoming charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 50.4°F and lows of 23.2°F. Overall, Jackson has a cost of living index of 302 versus the US average of 100, meaning it is 202% more expensive.

🏠 Housing

Median Home Value
$1,228,700
303% above avg
Zillow Home Value
$1,908,868
Zillow ZHVI
Median Rent
$1,975/mo
50% above avg
Zillow Rent
$4,775/mo
Zillow ZORI
Price-to-Rent Ratio
51.8x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$746
1 BR
$770
2 BR
$979
3 BR
$1,307
4 BR
$1,615
Owner-occupied 45.9%
Renter-occupied 54.1%

💰 Estimated Monthly Budget

Rent median rent
$1,975
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,589/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
14.2 min
47% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.0%

Commute Mode

Drove alone
60.8%
Carpooled
9.7%
Public transit
4.0%
Walked
9.1%
Bicycle
4.8%
Work from home
10.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 5.3%
State rate 4.0%
Avg local rate 1.3%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$112,609
51% above avg
Per Capita Income
$66,488
Unemployment Rate
1.2%
76% below avg
Poverty Rate
5.6%
Labor Force Participation
87.6%

🎓 Education

Bachelor's degree+ 38.4%
Graduate degree 16.6%

👥 Demographics

Median Age 35
Male median age 35.1
Female median age 34.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
50.4°F
Avg Low
23.2°F
Annual Precip
24.1"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 242838476069797868533625
Low °F 271524323743413525153
Precip" 3.262.272.192.192.001.770.811.031.301.782.323.21

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
87.9%
Good air days/yr
75
Max AQI recorded
14
PM2.5 days
351
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94%
4-Year Graduation Rate
11.8:1
Student-teacher ratio
10
Public schools
2,869
Total enrollment

Frequently Asked Questions

What is the cost of living in Jackson, WY?

Jackson has a cost index of 302 (100 = national average). It is 202% above the national average.

What is average rent in Jackson, WY?

The median gross rent in Jackson is $1,975 per month based on 2023 Census data.

What is the average home price in Jackson?

The median home value in Jackson is $1,228,700 according to Zillow and Census data.

What is the median income in Jackson?

The median household income in Jackson is $112,609 per year (2023 ACS 5-year estimates).

What is the sales tax in Jackson, WY?

The combined state and local sales tax rate in Jackson is 5.3%. Wyoming has no state income tax.

Is Jackson, WY affordable?

Jackson is above average in cost of living, with an index of 302 — about 202% higher than the national average.

What is the weather like in Jackson?

Jackson has average high temperatures of 50.4°F and average lows of 23.2°F. Annual precipitation is 24.1". Data from NOAA 1991–2020 Climate Normals.

Jackson at a Glance

Population
10,746
Median Income
$112,609
Home Value
$1,228,700
Median Rent
$1,975/mo
Unemployment
1.2%
Avg High Temp
50.4°F
Sales Tax
5.3%
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🗺️ County data for Wyoming

Explore county-level cost of living data

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