Cost of living in Jackson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Jackson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wyoming, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Jackson is 148, with 100 being the average.
The cost of living index in Jackson is 1.5x higher than the national average.
Jackson ranks as the #18 cheapest in Wyoming out of 18.
Jackson ranks as the #5,800 cheapest out of 6,412 in the US.
The median home value in Jackson is $836,300.
The median income in Jackson is $83,289.
According to the most recent data on the cost of living, Jackson has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to Wyoming, Jackson has a cost of living index that's 1.6x higher than Wyoming's index of 92.
The standard of living in Jackson ranks as #18 most affordable out of the 18 places we measured in Wyoming. By definition, that implies Jackson ranks as the #0 most expensive place in the Equality State.
For more reading on life in Jackson, check out:
Six factors go into calculating the cost of living index in Jackson. Here is how it fairs on each of the criteria:
The Services index in Jackson is 102.
The Groceries index in Jackson is 102.
The Health index in Jackson is 97.
The Housing index in Jackson is 252.
The Transportation index in Jackson is 95.
The Utilities index in Jackson is 90.
Living Expense | Jackson | Wyoming | National Average | |
---|---|---|---|---|
Overall | 148 | 92 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 102 | 102 | 100 | |
Health | 97 | 97 | 100 | |
Housing | 252 | 80 | 100 | |
Transportation | 95 | 94 | 100 | |
Utilities | 90 | 84 | 100 |
Housing swings affordability the most between places in Wyoming, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Jackson is $836,300.
The Median Rent in Jackson is $1,601.
The Median Income in Jackson is $83,289.
The Home Value To Income in Jackson is 10.0x.
The Rent To Monthly Income in Jackson is 0.23x.
Statistic | Jackson | Wyoming | United States |
---|---|---|---|
Median Home Value | $836,300 | $237,900 | $244,900 |
Median Rent | $1,601 | $878 | $1,163 |
Median Income | $83,289 | $68,002 | $69,021 |
Home Value To Income | 10.0x | 3.5x | 3.5x |
Rent To Monthly Income | 0.23x | 0.15x | 0.2x |