Jackson, WY

Very High · 226

Wyoming · Population 10,746 · Updated March 2026

$1,975
Median Rent / Month
$112,609
Median Income
$1,228,700
Median Home Value
$1,950
Owner Costs / Month

Affordability

How far your income goes in Jackson

21.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wyoming

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
4.0%
Sales Tax
0.56%
Property Tax Rate

Estimated Annual Costs

$23,700
Annual Rent
$0
State Income Tax
$6,881
Property Tax (est.)

Cost of Living Overview

Jackson has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 226 (where 100 equals the national median), Jackson residents can expect to pay median rent of $1,975/month while earning a median household income of $112,609/year.

The median home value in Jackson, WY is $1,228,700, with typical monthly owner costs around $1,950 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wyoming has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 4.0% sales tax rate and 0.56% effective property tax rate, the overall tax environment helps keep costs manageable in Jackson.

Frequently Asked Questions

Common questions about living costs in Jackson

What is the cost of living in Jackson, WY?
The cost of living index in Jackson, WY is 226 (US average = 100). Median monthly rent is $1,975, median household income is $112,609/year, and the median home value is $1,228,700.
Is Jackson, WY affordable?
No, Jackson is more expensive than the national average with a cost index of 226. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Jackson, WY?
The median gross rent in Jackson, WY is $1,975 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,700.
What is the median household income in Jackson?
The median household income in Jackson, WY is $112,609 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wyoming?
Wyoming has a top income tax rate of 0%, a sales tax of 4.0%, and an effective property tax rate of 0.56%. Notably, there is no state income tax.