Cost of Living: Jackson, MS vs Richardson, TX (2026)

Jackson

Mississippi
58
VS

Richardson

Texas
128

Jackson is 55% cheaper than Richardson.

$1,018/mo ↓ 44%
Median Rent
$1,825/mo ↑ 79%
$43,238/yr ↓ 55%
Median Income
$96,257/yr ↑ 123%
$108,200 ↓ 73%
Home Value
$405,600 ↑ 275%
$956/mo ↓ 47%
Owner Costs
$1,796/mo ↑ 88%
149,827
Population
118,269

Tax Comparison

5.0%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.67%
Property Tax
1.6%

Affordability

28.3%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Jackson, MS and Richardson, TX, the overall cost of living indices are 58 and 128 respectively (national median = 100). Rent is $807/month cheaper in Jackson, saving renters about $9,684/year.

Median household income is $53,019/year higher in Richardson. Home values also differ significantly — the median in Jackson is $108,200 compared to $405,600 in Richardson.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Mississippi's 5.0% rate.

Frequently Asked Questions

Jackson vs Richardson — common questions

Is Jackson or Richardson cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 128 (US average = 100).
What is the rent difference between Jackson and Richardson?
Median rent in Jackson is $1,018/month and in Richardson it's $1,825/month — a difference of $807/month.
Which city has higher income, Jackson or Richardson?
Median household income is $43,238 in Jackson and $96,257 in Richardson. Median household income is $53,019/year higher in Richardson.
How do taxes compare between Mississippi and Texas?
Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Jackson or Richardson?
It depends on your priorities. Jackson has a cost index of 58 with median rent of $1,018/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Jackson and Richardson

Jackson vs. Escondido Jackson vs. Joliet Jackson vs. Bellevue Jackson vs. Surprise Jackson vs. Charleston Jackson vs. Naperville Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater