In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
The above illustration supplies generalized information for the Jackson, WY cost of living index. Compared to other cities in Wyoming and cities across the country, the cost of living index in Jackson, WY is 144, which is 43% higher than the Wyoming average and 44% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Jackson, WY are 4% higher than the average for Wyoming and 1% higher than the rest of the country.
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Did you know?
The cost of living in Jackson is 43% higher than the Wyoming average.
The cost of living in Jackson is 44% higher than the national average.
The cost of housing in Jackson is 154% higher than the national average.
Wyoming general sales tax is 21% lower than the national average.
Wyoming state income tax is 100% lower than the national average.
Compare Jackson, WY Cost of living To Other Cities
Salary Calculator
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Jackson, WY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Jackson, WY, you have to earn a higher income in order to still have the same standard of living. To operate the Jackson, WY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Median Income
Per Year
Per Month
Max Budget (28% DTI)
Max Budget (36% DTI)
Owners
$90,202
$7,517
$2,105
$2,706
Renters
$56,759
$4,730
$1,324
$1,703
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Jackson, WY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Jackson, WY has a median income of about $90,202 for people who own homes. Based on that number, a person should spend a maximum of $2,105 on expenses related to housing. Renters have a slightly different median income, which is $56,759. Based on this average, renters should spend no more than $1,324 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Wyoming Sales Tax
State
General Sales Tax
With Max Surtax
Wyoming
4%
6%
Wyoming Income Tax
State
Income Tax (Low)
Income Tax (High)
Wyoming
0%
0%
When considering the overall cost of living expenses in Jackson, WY, it's important to take into account the sales tax for Wyoming, as well as the rate for income tax in Wyoming. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wyoming is 6%, and the sales tax in the state of Wyoming is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wyoming starts from 0% and goes up to 0%.
Goods & Services
Item
Jackson
National avg.
Difference
Haircut
$15.52
$16.09
3.5%
Beauty Salon
$37.52
$37.33
0.5%
Toothpaste
$2.57
$2.45
5.1%
Shampoo
$0.97
$1.00
2.7%
Movie
$10.53
$10.28
2.5%
Bowling
$3.92
$4.93
20.6%
Groceries
Item
Jackson
National avg.
Difference
Ground Beef
$3.88
$3.80
2.1%
Fried Chicken
$1.54
$1.40
10.5%
Milk
$1.94
$2.01
3.5%
Potatoes
$4.28
$3.01
42.3%
Pizza
$10.00
$9.89
1.2%
Beer
$8.68
$8.90
2.4%
Health Care
Item
Jackson
National avg.
Difference
Optometrist
$84.93
$102.16
16.9%
Doctor
$133.00
$108.36
22.7%
Dentist
$84.00
$92.53
9.2%
Ibuprofen
$9.71
$9.28
4.7%
Lipitor
$433.64
$425.82
1.8%
Housing
Item
Jackson
National avg.
Difference
Home Price
$573,400.00
$184,700.00
210.4%
Avg. Mortgage Payment
$1,334.85
$1,202.44
11.0%
Apartment Rent
$1,175.00
$949.00
23.8%
Transportation
Item
Jackson
National avg.
Difference
Gasoline
$2.30
$2.24
2.7%
Tire Balancing
$37.26
$46.29
19.5%
Utilities
Item
Jackson
National avg.
Difference
All Electricity
$139.05
$165.96
16.2%
Phone
$20.00
$28.68
30.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.
