Why This Small Town In Wyoming Is So Rich

Jackson, wyoming is one of the richest and most expensive place in the united states, however this is a very small town with very little population driven by tourism.
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[@jeannemannglynn7484]

Grateful for visiting! Laid back and just so cool

[@Broadvay]

yeah, Jackson Hole is an amazing place

[@maggiethepuggle4757]

I live in Jackson and can say that houses are way way overpriced and the tourists are crazy but it is so beautiful and worth it.

[@JdSnow26]

My girl and I always wanted to visit!

[@WeylandLabs]

Well - when Berkshire Hathaway HomeServices, Brokers of Jackson Hole Real Estate owns the majority of the town its easy to set prices. Jackson = Wallstreet Owned !

[@frankyprime]

I would only go because of the last of us video game 😂

[@Squadron_Bodron]

This is antisemitic

[@calvincoolidge1207]

Doesn't it feel like a fake town that is mostly tourists or recent refugees from California? The scenery looks stunning but I wouldn't want to live in a place that is mostly designed towards high end tourists or people with vacation homes.

[@BlckJack123]

Jackson is unique in that it not only has great skiing but the most famous national park in the country nearby: Yellowstone.

[@Kthomasritchie]

Big Sky and Grand Targhee are also both near Yellowstone.

[@bradhansen8506]

​@@Kthomasritchie just recently visited grand targhee this summer. Such a beautiful place

[@EltonFilms]

I was born in Jackson hole and my dad currently works there as a plumber I love visiting my home town

[@Movetheproduct]

i have a bigger house than you in Jackson..

[@MichèleNoriega-k6d]

What’s the difference between Jackson and Jackson Hole?

[@niftybank7]

@@Movetheproductsome other guy might have a bigger house than yours ? What do u wanna prove ?

[@Kthomasritchie]

@@MichèleNoriega-k6d Jackson is the town, Jackson Hole is a ski resort near by.

[@marvin2678]

why did you move then?

[@coyote2]

Your answer should have begun with that Jackson Hole is quite simply the most beautiful place in North America because of how abruptly the stunning Tetons rise out of the flat valley.

[@Barabus-yx2cn]

You don't get out much do you.

[@winonabarter2540]

beauty that the average person is no longer encouraged to enjoy just the wealthy. Good job

[@DemPilafian]

Very true, but interestingly you can't actually see the Grand Teton from the town of Jackson. In a way that adds to the magic because the Grand Teton is close but you have to go a little out of your way to see it.

[@MrBowser2012]

I can’t stand what jackson has become. Everything about it (except the views) is aweful. If I had a billion dollars it’s one of the last places on earth I’d choose to live.

[@MatthewC137]

@@Barabus-yx2cn You've clearly never been to Jackson Hole.

[@kingmozzi9198]

Rich people buy house in Jackson WY and put that as primary residence although they don’t live there and only visit couple times a year. Why they do that? There is no income tax in Wyoming, so they do not pay any income tax. Owning a property in WY and put that as primary residence actually save them income tax, so owning a property in WY saves them so much money. That’s the biggest reason.

[@andrewcall8961]

No state income tax and other financial incentives bring wealthy individuals and familys here.

[@D.E..]

They get you in other ways though.

[@benmartinez8443]

Money laundering for dirty money by crooked people

[@cucoreyes7941]

So why only in Jackson? Why is the rest of the state barran land?

[@benzun9600]

@@cucoreyes7941 Jackson is close to the tetons and yellowstone some of the most beautiful land in the USA.

[@jacoblee5796]

Same thing is happening in parts of Montana. The problem is the locals can no longer afford to live there, the people who work in the bars, restaurants and other industries can't afford to live in the town they work in.

[@calvincoolidge1207]

Mountains are a blessing and a curse.

[@Chicano_pistolero]

This is what happend to Florida, the past 10 years a huge flood of people outbidding the native Floridians rose the price of housing up TEN FOLD and now any other house is rented out for 5 times what a mortgage would be, I'm moving m family to Texas in a few months cause we literally can't afford to live in the state we were raised in.

[@calvincoolidge1207]

@@Chicano_pistolero You could go to Alabama which is affordable and in my opinion prettier. Taxes are very low but because there is a small state tax-many wealthy people choose Florida instead.

[@marcv2648]

The question is why did Jackson get attention from billionaires? I'll tell you why. It is due to the Chicago Fed's annual meeting in Jackson Hole. I don't think the video creator was aware of this.

[@Rainy_Day12234]

Rockefeller.

[@jqx7743]

Exactly.

[@jjman533]

Not just billionaires, but DEMOCRAT billionaires and millionaires. Imagine moving into a red state for tax purposes.

[@MatthewC137]

@@jjman533 Yup. The worst of the worst.

[@sobaze]

Get your boosters!

[@NewHorizonsTravel]

Defintely a gorgeous place, thank you for sharing💕

[@davidwhite4997]

I have skied Jackson hole. It has some great slopes and incredible powder. When I skied there, during a Winter Carnival week at college, you used to be able to ski right up to the chair lift lines (no lines or only 2-3 people deep). Yet many people still paid extra to take the tram to the top of Rendezvous Bowl (the top of the mountain). It was at least 4000ft+ of vertical drop from the top. Some people would track their vertical feet total for the day.

[@robgrey6183]

I live in Teton County. Great place if you like winter. The wealthy want to live here because Wyoming has no State income tax, is tax friendly in general, and there is a lack of "diversity", and the consequent crime and social strife. I live on 20 remote acres up against the Idaho border in that western sliver of private land at 3:40.

[@Broadvay]

I heard that Jackson during Christmas is really something, is that true?

[@Datbwoi-b1q]

Dude, Jackson is filled with Mexicans.

[@homodeus8713]

So are browns and others not really welcome there? Some people like peace and quiet regardless of their biology.

[@urgandma]

​@@homodeus8713 you're welcome anywhere so long as you got money, the idea being that lots of browns and others got no money, and they also want to live amongst browns and others, so they don't move somewhere where there are few browns and others.

[@jbudlo2]

Looks like suburban sprawl with half the space dedicated to just parking 😂

[@user-uu8tn3fn2y]

This town is basically for people with second homes.

[@syedkausarshahgillani2351]

Now This is happening everywhere in the entire world. Here in Pakistan 🇵🇰 the northern part is stunningly beautiful and because of rich people rents go as high as possible in summers.

[@darwinapala960]

I worked at the Lazy n L&B Ranch in Dubois about 70-80 miles away. This was spring summer 1992. Loved visiting Jackson Hole especially back then. It was not as commercialized or crowded like today. Haven't been back since then. I may plan a summer trip from Oklahoma

[@arribaficationwineho32]

Snow from early fall to very late spring. It is so expensive and is a vacation spot

[@TenThumbsProductions]

When a place has an abundance of cultural wealth it is only a matter of years before the monetary wealth arrives and drives it out of town.

[@sabsterblaster]

Yes indeed. Sad but true

[@Slaythehippies]

When I think Jackson, I think 3 bed 2 bath houses for 30k in Mississippi

[@livefreeordiehard8898]

😂😂😂

[@calvincoolidge1207]

Violent crime and lack of decent paying jobs definitely keeps houses affordable. Every cloud has a silver lining.

[@KimWhitney-go6yu]

Well when I worked and lived in SF, my bosses who were Banking attorneys and former Banking examiners would have their annual financial mtg every year there. Very exclusive

[@grantsims6092]

Same thing for chief left hands curse. Locations like this are so beautiful when people go there they won’t want to leave, and there staying will be the undoing of its beauty.

[@liberty-matrix]

A town that will never have migrant housing.

[@electriquenikki]

THIS

[@SmokyOle]

Migrants already there and they don't even need housing they just all rent one house.

[@seikoellis17]

Also a town where 99.99% of the American population won't ever live. Including you

[@MatthewC137]

No town should.

[@SI-cd7xs]

Jews will be sending non whites to ruin it

[@scumbagg6155]

Great content.

[@Broadvay]

thanks

[@turdbglr]

It is a tourist town; traffic is awful in winter and summer.

[@fritzsmith3296]

@turdbgir: "traffic is awful..." Indeed, nice place to visit but that's all. I was there about 20 years ago. I loved the ambiance of the people living there, but felt very sorry for their economic situation. Not much else than service jobs.

[@danielrogers4072]

There are half a dozen mountain towns in Colorado I would consider before Jackson Hole…Aspen, Vail, Breckenridge, Telluride…….not sure these are any more crowded anymore.

[@homodeus8713]

What about the illegals?

[@Daddynfhjncftv]

@@homodeus8713 I moved there will all my 17 relatives from Haiti. We love it. State gave us houses

[@wyomed]

@@homodeus8713rich people in the mountains don’t have to worry about those. They all get shipped to the common folk of denver and other cities in the front range

[@GlobalDiscoveryDocumentary]

Small towns like this often have a fascinating story behind their wealth, but there's always a 'dark side' to consider. What challenges or inequalities might be hidden behind the prosperity? Wyoming's beauty and solitude make it unique, but every place has its complexities

[@RayAllen1776]

When you include state and local- sales tax in Wyoming pushes 6% and their poperty tax rate of 0.55% means a $2 million home’s property taxes taxes would be $11,000 per year plus local trash sewer water school etc add up to about $16k year

[@daveblevins3322]

I always enjoy visiting Wyoming. Usually I'm around Sheridan where I've made friends. Great people, Great landscape, Great fresh air and water. 👍🇺🇸🇺🇸👍🙏🙏🙏

[@kevinpaterson6052]

Dear Californians, this place doesn’t exist 😊

[@ci7alex1]

Nice try)

[@AlanValencia1]

Lmfao

[@KK-tt6ui]

Lol

[@Mr-ow3mk]

Yeah it's all BS

[@TheJenni347]

Rumor has it there’s a zombie apocalypse bunker there lol

[@wade_says]

Been there, maybe my favorite place ever. It’s magical.

[@Broadvay]

100% agreed

[@ThomasDalton-ps7vm]

At 3:49 you can see the crane I was running. The crane belongs to RMC. Its crazy to your crane on a youtube video

[@calvincoolidge1207]

They could learn from eastern Europe and build 15-20 floor large apartments that are simple but practical. This could help make the city more affordable.

[@mazymonroe8749]

'High rise' in Jackson 😭😡🤬

[@calvincoolidge1207]

@@mazymonroe8749 Yes. Prices are high because so many want to live there. Assuming 200,000 people want to live there in the next 20 years, why not prepare and build dozens of 8-12 story apartment blocks to house them affordably? I am assuming the demand based on Californians fleeing to other mountain towns and cities. If the apartments are built, people will move in.

[@Nick_Taylor.]

1:34 "the reason this town is so wealthy is because millionaires and billionaires live here." This is the dumbest explanation ever!

[@benzun9600]

I live an hour south of Jackson. Billionaires kicked out millionaires. Many have a 3rd or 2nd home in the area. They bought a home to claim residence so they dont pay state income taxes. Also the FED meeting here. The tetons are amazing. Skiing here is overrated Colorado and Utah have better ski runs.

[@BNezzy]

Jackson Hole is a beautiful place and home to the Chicago Fed meeting. Rich people always go to the nice places. Over time they price out locals and take over the area. Gotta love the race to become a second home town.

[@tazwee7223]

This literally did not explain “why” the rich people moved there…Space? Tax? Airport? Beauty? Other reasons? Combination?

[@rosihantu1]

Lack of diversity

[@tazwee7223]

That doesn’t explain it. It’s perhaps tax incentives

[@richardadams6988]

To get away from themselves!!!

[@visiblehuman3705]

It’s beautiful, good size, nice food options but not overwhelming, fun activities, lack of taxes, and they are surrounded by others who are similar.

[@DMEGC]

The Chicago Fed's annual meeting in Jackson Hole.

[@ray6659]

My sister has lived in Jackson since 1977, she'll never leave.

[@kwulfe]

Defintely a beautiful place but I like other places like Gallatin Gateway and Estes Park even more

[@securethebag1613]

What? Ive been there. Its full of locals who live in campers, rvs, and shacks. Everyone i met said they were barely making it the sept before covid hit. 2019 I think.

[@shawyonsharifi3394]

It’s cause recently a bunch of billionaires moved in due to tax advantages so there’s a huge amount of very sudden wealth now. Bunch of golf courses and mega mansions now.

[@sabsterblaster]

Wealthy people can live anywhere. All they need is a tiny condo in one of seven states in the US with 0% state income tax and they can claim it as their "primary" residence to get the tax benefits. They own homes all over the country/world. Reason a massive influx pushed into Jackson is because WY is a beautiful place. Ironically once the wealthy international jetsetters started moving in prices started to skyrocket. Give it a few more years and it'll be overrun, then they'll find a new place to ruin :(

[@devildog1998rebel]

We here in Wyoming don't claim it to even be part of our state.

[@davncingilbert6662]

If you're looking for "peaceful connection with nature", and lower population, Jackson isn't the place, at least during the warmer months. Sure, if you're wealthy and own a ranch/home up on a secluded hill in the area, it's nice. During the summer months, however, Jackson is so crowded with visitors travelling two/from 2 major national parks... You can barely drive through town. There's one main road through town, and one road north, and you're sharing it with millions of travelers. Another consideration: Jackson is an economic "bubble": everything costs more, and any type of vocational service is difficult to get, because when the place thaws out from winter, everybody needs services at the same time. (We work in the area during the summer months, and have for the last 7 years.) A one bedroom apt without laundry hookups, is over $1200 dollars a month or more.

[@ForgottenCovers]

Do you have a suggestion for another similar town that's less touristy?

[@RoseanneSeason7]

​@@ForgottenCoversMontrose Colorado

[@AshikJonathan]

Wyoming

[@Court-fl8ck]

I grew up there late 60s early 70s. Sno King was right out my front window. The Elk refuge was out the back door and across the road. My first job was at a little dude ranch called the trading post. I was 8. I took tourist up in the mountains and had a blast. And got paid $1 for one hour ride$2 for two hours. $5 for the chuck wagon steak ride every Friday all summer. The guy that owned it looked like Hoss Cartwright from bonanza. Huge dude. And fished cutthroat creek every chance we had. Then it really was a paradise. Hardly anyone. Just a small tourist town. Then the news followed Jimmy Carter there for a winter vacation. And then the rest of America discovered Jackson Hole. My childhood paradise. A place I still dream of. Peace.

[@bossmonkey1126]

Jackson now has rush hour. The city folk should feel right at home.

[@bigdaddycros]

Sounds like Santa Barbara, California where I leave. Just to many people in our world.

[@jimmycain8669]

Rich people buy homes there is why it’s rich.

[@manfredmann2766]

Glad I last visited in 1999, it was way more pristine and so was Big Sky.

[@Rainy_Day12234]

There are a handful of extraordinary mountain towns.

[@jamesberry4514]

Not a surprise, close to the Tetons, skiing, and providing privacy.

[@AP90x]

Its an aesthetic that rich people like to use to make themselves seem like they are “off grid”, cowboys, and “feed up with the city life”.

[@GreySky-s1m]

Jackson has a decent airport. But it’s also the gateway to Grand Teton and Yellowstone. The town is ok. I wouldn’t live there though. Love to visit.

[@newmanc6619]

Even if I had the money, I would be very careful about where I bought. It is not a matter of if, but when, US 191 becomes either I-17 or I-19, so some land will, at some point in the future, fall to eminent domain, so be careful where you buy,

[@ShortVdoesMoenkey]

Hello everyone interesting best place

[@justjacqueline2004]

My bosses seem to buy houses here and never visit yet maintain.

[@shantagees9425]

at 5:30 that house and its location are beautiful but no matter how wealthy I get I will never be caught living in it, I feel like the woods will attack me at night and all my horror movies flashbacks will come to reality like Overlook from the Shining

[@ianpatrick23]

I had no idea that so much of Wyoming land is government owned. It’s really shocking that so little of it is available for building homes.

[@MichaelKlippi]

I am not at all an economics person. But if the wealthy start moving in and pushing things up like that shouldn't The surrounding businesses Raise their prices so they can compensate Their employees Because surely the businesses are being affected as well

[@rockybalboa2526]

YES THAT IS THE SOLUTION TO ALL KINDS OF PROBLEMS CAUSED BY THE RICH ALL OVER AMERICA. BUT THE REASON IT DOESNT HAPPEN ANYWHERE, IS BECAUSE THEN THE RICH WOULD NO LONGER BE RICH. THE RICH ALL LIKE TO THINK THEY ARE SUPERIOR TO EVERYONE ELSE, THEY ENJOY THE MONEY, POWER, CONTROL, PRIVILEGE AND SERVICE! THIS IS WHY THERE SHOULD BE NO MORE SOCIAL CLASS! YOU WORK? YOU EARN WHATEVER YOU WORK FOR! AND YOU KEEP IT TOO. INSTEAD OF THE GOVERNMENTS SCREWING EVERYONE AND TAKING THEIR MONEY FROM THEM ( BY ORDER OF THE RICH ) THE RICH HAVE LOOPHOLES AND TAX SHELTERS THAT THE POOR DO NOT HAVE! ITS A FIXED GAME BECAUSE THERE ARE SO MANY PEOPLE WITH POLICY MAKING GOVERNMENTS THAT HAVE BEEN BOUGHT, AND ARE CORRUPTED, SO THEY ARE NOT GOING TO DO WHAT THEY SHOULD BE DOING TO STOP THE RICH FROM GETTING AWAY WITH ALL OF THEIR SHIT! I SAY THE ONLY OTHER SOLUTION IS FOR EVERYONE WHO IS NOT RICH? BE WILLING TO SACRIFICE MOST MATERIAL THINGS AND REFUSE TO BUY PRODUCTS AND PAY HIGH RENTS TO THE RICH! THIS WILL STOP THE RICH FROM MAKING MONEY! AND LETS SEE HOW THEY ALL LIKE THAT!

[@richardyoung871]

In this video, he talks about a very small town in WYOMING and according to what he is saying that the average house is about 2.5 million dollars, but my friend who flew for AMERICAN AIRLINES, as a Pilot, bought land in Wyoming, and he travels between WYOMING and Honolulu, and I have another friend who also flew for AMERICAN Airlines, who was the senior pilot, but I remember that years ago they flew inter-island flights in Hawaii, as cargo flights. Both are retired, but reap the benefits of being retired, but now in 2024-25,there's a shortage of qualified commercial pilots, now the major airlines are looking at retired ex-military pilots, and for them, it would be nothing, it would be ICING ON THE CAKE, OR GRAVY $$$$,they collect their pension, as you also have Co-pilots in the cockpit.

[@danrhone9756]

The answer to your question is that everywhere else is wealthy to live so it’s not just Jackson Hole but it’s everywhere else just to set the record straight. Everywhere you go there are tourists hot spots too.

[@KristNi]

Wasn't Kanye West living in Wyoming some years ago? I think that he moved away. Now, he lives overseas mostly

[@mtx1212]

4:20 -- thats the main reason, a little tax haven😂😂😂

[@jeffr4110]

The billionaires 'claim' residency to get away from paying state income taxes......Duhh

[@myobmyob2215]

Well doctors have gone MIA for the past 6 months suspect that's where they are at their summer home. For some reason their secretaries all want to make appts avail on Sept 4 if they come back at all. Nah they can just stay there well go to the closest metro and see doctors and NPs who want to work.

[@mjw59000]

How long to drive to closest airport ?

[@benzun9600]

There is an airport in Jackson

[@geoms6263]

is this yellowstone?

[@Personalfinance_10174]

Simple supply & demand. Anyone is free to go to the millions of acres of public land that surround it.

[@CGF101]

It’s just full of vacation homes..a few thousand actually live there

[@joendrsn]

cuz rich people bought houses there

[@BeNiceInfo]

Long story short: real estate bubble!

[@pradeep2662]

that could have been a quick google search

[@karltitz1725]

Jackson is GREAT because it’s not aspen.

[@SteamboatWillie-i7q]

Jackson is one cool place

[@DougB-pg1tf]

Whistler/Blackcomb north of Vancouver is bigger and better than Jackson, Vail and Aspen put together. Even had the Olympics in 2010.

[@cucoreyes7941]

All small skiing towns attract the rich. Skiing is a sport for the wealthy and so is the life style. Sun Valley Idaho, Park City Utah, Vale Colorado, Flagstaff Arizona, etc etc

[@manfredmann2766]

Flagstaff, AZ is expensive (not as much as those other towns) but the Snowbowl ski area does not even come close to those in CO and Utah. It is more comparable to Hunter Mountain in the Catskills of NY, not to mention the crowdedness.

[@Dragonfly_magictarot]

Can’t they put a stop to this? I’m in California and I hear that this is even happening in Tijuana Mexico!!!

[@JavierCalderon-k3u]

LET'S TALK ABOUT JACKSON WAYOMING NO HOUSESING FOR REGULAR JOE'S

[@DM-w5o]

Should have mentioned that Teton County is the only county in the state that voted blue.

[@illegalfreakTV]

This is where they have the “freak off parties.”

[@henriquejunqueira]

Knew this City from The Last of Us part II

[@BrownBrown270]

Because TLOU2?

[@benjaminvalle9619]

Teton in spanish means something different! and Jackson's hole doesn't help it either!!

[@MatthewC137]

It was originally called Jackson's Hole by mountain men of 200 years ago. Jackson was a beaver trapper (yes beaver, ha) and hole refers to the valley. Around the same time Ogden Utah was called Ogden Hole.

[@richardcrump3852]

Just noticing know one seems to mention the elephant in the room that your paying a fortune at a place that is doomed by the nature around it. Lind of sad😢

[@Robert-eg2oy]

Is Jackson and Jackson Hole same same ?

[@Premium_Water]

yeah Jackson is the town of Jackson, located in Teton County, Wyoming. Jackson Hole refers to the entire valley in which the town of Jackson is located. Jackson Hole consists not only of Jackson but other communities, such as Teton Village, Wilson, and Moran etc.

[@Robert-eg2oy]

@ okay, thank you.

[@Premium_Water]

@@Robert-eg2oy no problem.

[@MrBowser2012]

Jackson is one of the last places on earth I’d live if I had a billion dollars. I work there regularly and is awful.

[@AGee-rt2fh]

I once heard there was more free range horses than the human population in Wyoming

[@rosihantu1]

It needs diversity to enrich it further

[@rolandvanags5141]

A blue island in a sea of red

[@zakariarochdi8826]

This place has become expensive because Joel and Ellie decided to move there.

[@duran9664]

Charles Hoskinson has moved there & the Cardano foundation 🤔 Jackson, Wyoming 🤷‍♀️

[@minogami]

Jackson... as in the Jackson in The Last Of Us?

[@lakin8r]

This video could have been 30 seconds long

[@Oldguy-k3t]

Location, location, location. Not locals, locals, locals.

[@Lamont4D]

Lol “town” 🍻 “town” 🍻

[@DarrenFales]

Because of California rich people leave Wyoming

[@Pablo-q4]

That seems isolated and away from civilization and for being a rich comunity the taste in houses is pretty awful .. I like the video a lot, although the narration is contradictory, it says Jackson is the richest town in the US and then it says people are leaving because they can't afford to live there but nice video

[@richardadams6988]

It's just because wealthy people wanting to get away from themselves !!! Hahaha Hahaha

[@toothnail605]

If you take away the ski slopes 75% of the people would not be there. Yes it's super beautiful but those slopes change *everything.* $ $

[@shonuf5152]

It's pathetic how greedy realtor have become! They milk every situation and opportunity they can.

[@georgioantoine4194]

Should be thanking The First Nations and American First Nations for the land. .

[@kelvinzheng9211]

Lesson is own property not rent

[@Zoomville]

The government should open up the land. Sell it off. The government owns 1/3 of all land in this country. That’s insane. Nevada is one huge military and atomic texting base.