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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Teton County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Teton County ranks #1,189 of 3,142 counties for affordability (top 38%)
Sourced county brief
Teton County Median Gross Rent Estimated at $730 Monthly
In Teton County, the median gross rent was $730 per month, positioned $112 below the Montana unweighted county mean of $842. The official GRAPI, which represents the median gross rent as a percentage of household income for renters, was 23.6%. This is 0.5 percentage points lower than the state unweighted county mean official GRAPI of 24.1%. Median selected monthly owner costs for all owner-occupied units were $913, exceeding the state unweighted county mean of $842 by $71. The median home value was $264,000, while the unweighted county mean across Montana was $276,877. Median renter-household income was recorded at $43,333. All housing cost-to-income comparisons here use the official ACS B25071 figure rather than derived estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Teton County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.6% of renter household income in Teton County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $730 per month; median selected monthly owner costs are $913. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,200 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Montana unweighted mean of county median rents is $842 per month. Teton County's $730 median is 13.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Teton County
Rent Burden
12.4%
of gross income
Max Housing (28% Rule)
$1,643
per month
Owner Cost Burden
15.6%
of gross income
The median home in Teton County may be a stretch
Median home value is $264,000. Estimated monthly cost: $2,108 vs. your max of $1,643.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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