Mississippi · Population 149,827 · Updated March 2026
How far your income goes in Jackson
State-level tax rates that affect your costs
Jackson is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 58 (where 100 equals the national median), Jackson residents can expect to pay median rent of $1,018/month while earning a median household income of $43,238/year.
The median home value in Jackson, MS is $108,200, with typical monthly owner costs around $956 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.3%, Jackson falls within the generally affordable range, though it's approaching the 30% burden threshold.
Mississippi has a moderate income tax rate of 5.0%. Combined with a 7.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Jackson.
Common questions about living costs in Jackson
Similar-sized cities to compare
Compare the cost of living in Jackson, MS with 299 other major U.S. cities