| Index | Jackson | Wyoming | National |
| Cost of living | 167 | 100 | 100 |
| Groceries | 103 | 101 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 320 | 102 | 100 |
| Transportation | 102 | 100 | 100 |
| Utilities | 102 | 103 | 100 |
| Lifestyle & Entertainment | 102 | 98 | 100 |
| Household Items | 101 | 99 | 100 |
| Education & Childcare | 102 | 97 | 100 |
Getting a feel for the cost of living in Jackson is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Jackson is 167, which is 67% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Jackson is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Jackson falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Jackson, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 220.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 9 locals to gauge their perception of the cost of living in Jackson. The feedback revealed that 0% of respondents found the cost of living to be reasonable, with prices on the decline, while 100% regarded it as notably expensive with prices that continue to rise.
Is Jackson affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Jackson, the median home price is 288.9% higher than the national average and monthly rent prices are 60% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Jackson boasting a median household income of $112,500, 38.3% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Jackson, is 220.2% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Jackson, the standard sales tax rate starts at 4%, and the income tax rates commence at 0%.
The Jackson cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Health care index | |
| Housing index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $148,081 | $12,340 | $3,455 | $4,443 |
| Renters | $95,771 | $7,981 | $2,235 | $2,873 |
| State | General Sales Tax | With Max Surtax |
| Wyoming | 4% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Wyoming | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Kelly, WY | 188 | 102 | 1.6% |
| Teton Village, WY | 766 | 102 | 1.6% |
| Hoback, WY | 2,149 | 179 | 78.6% |
| Rafter J Ranch, WY | 1,450 | 182 | 82.3% |
| Wilson, WY | 1,543 | 215 | 115.2% |
| Jackson, WY | 10,972 | 167 | 67.2% |
| City | Population | Cost of Living Index | National Avg. |
| Muskegon Heights, MI | 10,979 | 79 | 20.8% |
| Fairfield, AL | 10,980 | 86 | 14.0% |
| Lansdowne, PA | 10,980 | 101 | 1.0% |
| Montmagny, QC | 10,961 | n/a | |
| Waipio, HI | 10,985 | 167 | 67.0% |
| Jackson, WY | 10,972 | 167 | 67.2% |
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