Cost of Living in Teton County, Wyoming
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 #420 of 3,144 counties for affordability (top 13%)
Data Story
About Cost of Living in Teton County, Wyoming
Teton County: housing costs at mountain-resort extremes
Teton County renters spend 18.7% of income on housing—among the nation's steepest burdens, driven by $1,758 monthly median rent. Even with a robust median household income of $112,681, the county's luxury mountain market creates affordability pressures unlike most U.S. locations.
Teton dominates Wyoming's housing cost rankings
At 18.7%, Teton's rent-to-income ratio towers 3.2 percentage points above Wyoming's 15.5% average. No other Wyoming county approaches Teton's housing expense burden, reflecting its position as the state's premier—and priciest—destination.
Teton rents dwarf every surrounding county
Teton's $1,758 median rent nearly doubles Sublette County's $1,116 and obliterates Sheridan's $950. The county's median home value of $1.37 million confirms its status as a luxury enclave fundamentally different from neighboring areas.
Teton's housing devours income despite high earnings
Even earning $112,681 annually, Teton renters commit $1,758 monthly to housing—18.7% of household income. Homeowners face an even steeper climb with $1,968 monthly payments, consuming roughly 21% of earnings before taxes and other expenses.
Teton demands serious financial commitment
Relocate to Teton only if your income substantially exceeds local medians or you prioritize mountain living above affordability. Compare Teton's 18.7% housing burden against Uinta County's 12.8%, and you'll see the dramatic cost difference between resort and working communities.
Cost of Living Advisory: Teton County
Affordability Verdict
Teton County is affordable for renters, with a median gross rent of $1,758/month representing approximately 18.7% of median household income. The rent burden (GRAPI) stands at 22.0%.
Rent vs. Own
The median rent in Teton County is $1,758/month, while owner costs run $1,968/month. Renting saves approximately $210/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $70,320/year. For owner costs at the 28% rule, the required income is roughly $84,343/year. With a median household income of $112,681, most households can comfortably afford rent here. Notably, 22.0% of renter households in Teton County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Wyoming, Teton County is more affordable than Sublette County by roughly 58% ($1,758/mo vs $1,116/mo).
Affordability Calculator
See how your income compares to housing costs in Teton County
Rent Burden
18.7%
of gross income
Max Housing (28% Rule)
$2,629
per month
Owner Cost Burden
21.0%
of gross income
The median home in Teton County may be a stretch
Median home value is $1,371,900. Estimated monthly cost: $10,952 vs. your max of $2,629.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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