JACKSON HOLE, WYO – According to new datafrom the Department of Housing and Urban Development (HUD), median family income in Teton County, Wyo., rose more than 3% in 2018. It wasn’t enough, however, to keep pace with the cost of housing in one of the most expensive counties in America to find a place to live.
“While we are happy to see that incomes are going up, it is unfortunately not keeping pace with rental rates that, according to the Wyoming Cost of Living Index, rose 13.5% for apartments and 9.2% for houses last year,” said Jackson/Teton County Housing Department Director April Norton.
The Housing Department has two primary programs serving working families in the community. The Affordable Program is based on household income and total asset worth. Applicants must earn less than 120% of the medium family income for Teton County.
Meanwhile, the Workforce Program requires that at least 75% of the household income is earned locally, but has no income or asset limit. For both programs, applicants must work full-time for a local business.
“I hope people who are seeking housing will take time to learn about the programs that are offered through the Housing Department, Housing Trust, and Teton Habitat,” Norton said. “Between the three organizations, we are providing housing opportunities for families across the income spectrum.”
