Jackson, MI

Very Low · 50

Michigan · Population 31,206 · Updated March 2026

$874
Median Rent / Month
$42,848
Median Income
$94,700
Median Home Value
$850
Owner Costs / Month

Affordability

How far your income goes in Jackson

24.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$10,488
Annual Rent
$1,821
State Income Tax
$1,307
Property Tax (est.)

Cost of Living Overview

Jackson is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 50 (where 100 equals the national median), Jackson residents can expect to pay median rent of $874/month while earning a median household income of $42,848/year.

The median home value in Jackson, MI is $94,700, with typical monthly owner costs around $850 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Jackson.

Frequently Asked Questions

Common questions about living costs in Jackson

What is the cost of living in Jackson, MI?
The cost of living index in Jackson, MI is 50 (US average = 100). Median monthly rent is $874, median household income is $42,848/year, and the median home value is $94,700.
Is Jackson, MI affordable?
Yes, Jackson is more affordable than the national average with a cost index of 50. The rent-to-income ratio is 24.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Jackson, MI?
The median gross rent in Jackson, MI is $874 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,488.
What is the median household income in Jackson?
The median household income in Jackson, MI is $42,848 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.