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Jackson vs Rock Springs:
Housing Costs in Wyoming

Side-by-side comparison of home prices, mortgage payments, and housing costs between Jackson and Rock Springs, Wyoming. Using Wyoming's 0.61% property tax rate and $1,800/year insurance. Updated for 2026.

MetricJacksonRock Springs
Median Home Price$1.3M$235K
Population10,72923,036
Average Rent$2,850/mo$950/mo
Est. Monthly Mortgage (P&I)$7,111/mo$1,337/mo
Est. Monthly Property Tax$635/mo$119/mo
Est. Monthly Insurance$150/mo$150/mo
Est. Total PITI$8,365/mo$1,694/mo
Price-to-Rent Ratio36.520.6
Verdict

Rock Springs is significantly more affordable than Jackson, with homes priced 81% lower on average. That translates to $6,671/month in savings on your total housing payment. For budget-conscious buyers in Wyoming, Rock Springs offers a much more accessible path to homeownership.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Wyoming's 0.61% property tax rate.

Jackson
Home Price$1,250,000
Down Payment (10%)$125,000
Loan Amount$1,125,000
Monthly P&I$7,111
Monthly Property Tax$635
Monthly Insurance$150
Monthly PMI$469
Total PITI$8,365/mo
Annual property tax: $7,625
Rock Springs
Home Price$235,000
Down Payment (10%)$23,500
Loan Amount$211,500
Monthly P&I$1,337
Monthly Property Tax$119
Monthly Insurance$150
Monthly PMI$88
Total PITI$1,694/mo
Annual property tax: $1,434

Buying in Rock Springs saves you approximately $6,671/month ($80,052/year) compared to Jackson, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Rock Springs is the better choice for first-time buyers, with a median price of $235K versus $1.3M in Jackson. That's $1.0M less to save for a down payment. You'd need roughly $8K for an FHA 3.5% down payment in Rock Springs, compared to $44K in Jackson. Wyoming offers the WCDA Spruce Up Wyoming program (Below-market rate loans) which applies in both cities.

Real Estate Investment

Rock Springs has the better price-to-rent ratio at 20.6x versus 36.5x in Jackson. A lower ratio generally signals better rental income relative to purchase price. Average rent in Rock Springs is $950/month on a $235K median home, making it a stronger candidate for buy-and-rent investors.

Families

Rock Springs (pop. 23,036) offers more amenities, schools, and services typical of a larger city, while Jackson (pop. 10,729) may offer a quieter, more community-oriented lifestyle. Rock Springs offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Jackson
$359K
annual household income
Based on $8,365/mo PITI at 28% DTI
Rock Springs
$73K
annual household income
Based on $1,694/mo PITI at 28% DTI

Other Cities in Wyoming

Cheyenne$325K
Pop. 65,132 · Rent $1,220/mo
Casper$275K
Pop. 58,686 · Rent $1,080/mo
Laramie$295K
Pop. 32,711 · Rent $1,120/mo
Gillette$265K
Pop. 33,403 · Rent $1,050/mo
Sheridan$345K
Pop. 18,186 · Rent $1,180/mo
Riverton$225K
Pop. 10,959 · Rent $880/mo
Cody$395K
Pop. 10,014 · Rent $1,280/mo
Evanston$225K
Pop. 11,689 · Rent $880/mo

Explore Wyoming

Wyoming Mortgage Guide$340K median →
0.61% tax · $4K closing · $1,800/yr insurance
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