Total monthly cost of ownership
Cost to Own a Home in Jackson, Wyoming
A $1,229,000 home here costs
$8,365per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $6,318. The real number is $2,047 higher every month — 32% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Jackson against Teton County and Wyoming
| Measure | Jackson | Teton County |
|---|---|---|
| Median home value | $1,228,700 | $1,371,900 |
| Median property tax | $4,515 | $5,462 |
| Effective tax rate | 0.367% | 0.398% |
| Median gross rent | $1,975 | $1,758 |
| Population | 10,746 | 23,358 |
The weather behind that power bill
Jackson sits in Teton County, which averages a high of 76.9°F in its hottest month and a low of 0.6°F in its coldest, with 32.82" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 7 cooling and 11,149 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Teton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Teton County
Common questions
How much does it cost to own a home in Jackson?
A $1,229,000 home in Jackson, Wyoming costs approximately $8,365 per month with 20% down at 6.66%. That is $6,318 principal and interest, $376 property tax, $446 homeowners insurance, $201 utilities and $1,024 set aside for maintenance.
What is the property tax rate in Jackson?
Jackson has an effective property tax rate of 0.367%, based on a median home value of $1,228,700 and median real estate taxes of $4,515. That is lower than the Teton County average of 0.398%.
What is the average home price in Jackson?
The median owner-occupied home value in Jackson, Wyoming is $1,228,700, against $1,371,900 across Teton County.
Is it cheaper to rent or buy in Jackson?
Median gross rent in Jackson is $1,975 a month, against $8,365 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jackson — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Wyoming.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.