Cost of Living in Jackson, WY
Housing
The housing market plays a significant role in determining the cost of living in Jackson, WY.
- Housing Index: 165.2 / 100
- Median Home Price is: $994,000
- Average Rent (2 BR Apartment): $2000 per month
- Average Rent (2 BR House): $2150 per month
Based on the data for Jackson, WY, the housing index stands at 165.2, indicating a relatively high demand for real estate. With a median home price of 994000, buying may be challenging for many prospective homeowners. Meanwhile, rental prices are notably steep, with an average rent of 2000 for a 2-bedroom apartment and 2150 for a 2-bedroom house. This market scenario suggests potential renters might find themselves paying a premium for housing. It's essential to weigh these factors alongside income levels and housing market trends before deciding.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jackson, WY.
- Electricity Price: $12.9 USD (median by state)
- Natural Gas Price: $13.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Jackson, WY could entail higher utility costs. Electricity costs sit at $12.9, while natural gas is priced at $13.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Jackson is a financially viable option for your relocation.