Cost of Living in Teton County, Montana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Teton County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Teton County ranks #384 of 3,144 counties for affordability (top 12%)
Data Story
About Cost of Living in Teton County, Montana
Teton offers some relief from national trends
Teton County's rent-to-income ratio of 13.3% is comfortably below the U.S. average and well under the national norm of around 15%, making housing costs here relatively manageable. Though median household income of $67,766 trails the national figure of $74,755, the $750 median monthly rent keeps overall affordability competitive.
Montana's most affordable rental market
Teton County boasts one of Montana's lowest rent-to-income ratios at 13.3%, significantly outpacing the state average of 15.9%. Its $750 median rent is the lowest in this survey and well below Montana's state median of $825.
The bargain basement of regional rents
Teton County's $750 rent undercuts every nearby county in this analysis, from Valley County ($769) to Treasure County ($992). Homeownership costs here are comparable to neighbors, but the rental advantage is Teton's defining housing strength.
Balanced affordability across housing types
Renters spend just $750 monthly (13.3% of income), while homeowners pay $859 on a median home value of $235,500. Teton households enjoy relatively low housing burdens overall, with neither rent nor mortgage claiming an outsized share of earnings.
Budget-conscious renters should look here
Teton County delivers Montana's best rental affordability with rents that won't dominate your monthly budget—a rare find in the state. If you're relocating and price-sensitive, this county outperforms nearly all regional peers on housing costs.
Cost of Living Advisory: Teton County
Affordability Verdict
Teton County is affordable for renters, with a median gross rent of $750/month representing approximately 13.3% of median household income. The rent burden (GRAPI) stands at 26.0%.
Rent vs. Own
At $750/month rent versus $859/month in owner costs, renting is roughly $109/month cheaper — a 13% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,000/year. For owner costs at the 28% rule, the required income is roughly $36,814/year. With a median household income of $67,766, most households can comfortably afford rent here. Notably, 26.0% of renter households in Teton County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Garfield County where rent averages $802/month, Teton County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Teton County
Rent Burden
13.3%
of gross income
Max Housing (28% Rule)
$1,581
per month
Owner Cost Burden
15.2%
of gross income
The median home in Teton County may be a stretch
Median home value is $235,500. Estimated monthly cost: $1,880 vs. your max of $1,581.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Teton County, Montana?
What is the median rent in Teton County?
Is Teton County affordable?
How does Teton County's rent compare to the state average?
What is the median home value in Teton County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Teton County, Montana? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Teton County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.