Are you tired of living in the city and just want to be away from the hustle and bustle of city live? Then perhaps a change in scenery is what you need. You might want to consider living in Jackson Hole, Wyoming. In this article we will be exploring the good, bad, and ugly side of Jackson Hole real estate so you’ll know what to expect and eventually decide whether you want to move there or not.
Why Do People Love Jackson Hole?
Although there are some challenges to living in Jackson Hole, there are wonderful things about it as well. The town has plenty of great opportunities to offer for everyone. Let’s start by sharing some of the reasons why people love living in this town.
- Beautiful scenery –the first and most obvious reason why people love living in Jackson Hole is its beautiful scenery. Jackson Hole isn’t just any ordinary town in the USA—it’s home to the Grand Teton National Park. Every day, people are blessed to witness such diverse wildlife such as bears, eagles, moose, and more.
- Opportunities for adventure –Jackson Hole is not any ordinary mountain town. As we mentioned earlier, the town is near the Grand Teton National Park. The Yellowstone National Park is also close by. The place is surrounded by 3.4 million miles of national forest with large lakes, hiking trails, and even a world-class ski resort! The town has a long network of paved bike trails that everyone can go. Adventure seekers will find many things to do in this town! Jackson Hole Mountain Resort isn’t just a great place for tourists to go skiing. In the summer months, everyone can enjoy different activities ranging from riding on ski lifts, mountain biking, and enjoying outdoor concerts.
- Known for its favorable tax climate –the state of Wyoming has no income tax, estate tax, inheritance tax, and corporate income tax. The state ranks high (number 1!) in favorable tax climate by Forbes and the Tax Foundation. There is a reason why the state is called “the most tax friendly state in the USA”.
- Great for raising a family –kids will definitely love Jackson Hole with the variety of outdoor activities it offers. The crime rate is relatively low, so parents won’t have to worry much about the security of their children. There are many Blue-Ribbon schools—public and private—guaranteed to give children the best education they can possibly get. Children actually get to play outside and have fun in Jackson Hole!
- It’s a wonderful town –Jackson Hole may not be as flashy and busy as New York or as hip as Los Angeles, but it is a wonderful town with more than 50 restaurants. Its restaurants and shops are styled and marketed to cater to the town’s wealthy residents and tourists. Homes are well maintained, and tourist attractions are kept in good condition. The town also has a world-class events centers, that has hosted numerous events throughout the years. They have a major airport with direct flights in and out of Jackson Hole every day. The town also boasts of its rich history, with stories of outlaws and settlers and Butch Cassidy. Honestly, living here is nothing short of a dream.
What are the Cons of Living in Jackson Hole?
After hearing the good site of living in Jackson Hole, we’re now going to give you a rundown of some of the cons of Jackson Hole real estate. Every place has its good and bad sides, no place is ever perfect. So, if you’re serious about moving to Jackson Hole, you need to know everything, even its bad side.
- It’s Expensive –one thing that might surprise people when they decide to move here is that Jackson Hole can be a very expensive place to live. Jackson Hole real estate is so expensive, and the cost of living as well. Why? It’s because the demand is high, but the supply is low. There is not much private land available which, in turn, drove prices up. Condominiums and Townhomes can cost from around $500,000 to $1.5 million. Single-family homes can set you back from around $1 million to $4 million. Luxury homes and resort properties, on the other hand, cost around $3 million up to $20 million.
- Long, cold winters –if the high cost of Jackson Hole real estate doesn’t bother you, then maybe the long, cold winters will. The freezing cold winter periods is something that you should get used to when living here. Winter season lasts from November through April, so be sure to bundle up. The days can get sunny, but it will be freezing cold.
- Traffic –unlike big cities like Los Angeles and New York, Jackson Hole doesn’t necessarily deal with daily traffic issues. However, the town does suffer from extremely high volume of tourists during the summer period. As a result, you’d have to deal with a lot of unnecessary traffic issues during the summer months. During the winter season, a rush to powder skiing creates crowded roads and bumper-to-bumper traffic, which can get really frustrating. But this is what you should expect when you live in a town that’s a top skiing destination.
Is Jackson Hole Perfect for You?
Now that you have an idea of what the pros and cons of living in Jackson Hole is like, you won’t really be able to tell if it’s the perfect place to call home unless you experienced living there. But in general, if you’re someone who enjoys going on adventures, loves nature and its scenic views, and peaceful sunsets, then Jackson Hole is the perfect place for you!
Imagine waking up every morning to the view of the Teton mountains on your spacious cabin windows. It sure beats waking up to the sound of traffic in the city, eh? As tourism in Jackson Hole is on the rise, it might be a good time to entertain the idea of earning additional income through rental properties near the town.