Jackson, MO

Very Low · 71

Missouri · Population 15,532 · Updated March 2026

$955
Median Rent / Month
$80,435
Median Income
$227,600
Median Home Value
$1,072
Owner Costs / Month

Affordability

How far your income goes in Jackson

14.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Missouri

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
4.225%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$11,460
Annual Rent
$3,982
State Income Tax
$2,117
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 71 (where 100 equals the national median), Jackson residents can expect to pay median rent of $955/month while earning a median household income of $80,435/year.

The median home value in Jackson, MO is $227,600, with typical monthly owner costs around $1,072 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Missouri has a moderate income tax rate of 4.95%. Combined with a 4.225% sales tax rate and 0.93% 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, MO?
The cost of living index in Jackson, MO is 71 (US average = 100). Median monthly rent is $955, median household income is $80,435/year, and the median home value is $227,600.
Is Jackson, MO affordable?
Yes, Jackson is more affordable than the national average with a cost index of 71. The rent-to-income ratio is 14.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Jackson, MO?
The median gross rent in Jackson, MO is $955 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,460.
What is the median household income in Jackson?
The median household income in Jackson, MO is $80,435 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Missouri?
Missouri has a top income tax rate of 4.95%, a sales tax of 4.225%, and an effective property tax rate of 0.93%.