Cost of Living: New York, NY vs Jackson, MS (2026)

New York

New York
166
VS

Jackson

Mississippi
58

New York is 186% more expensive than Jackson.

$1,779/mo ↑ 75%
Median Rent
$1,018/mo ↓ 43%
$79,713/yr ↑ 84%
Median Income
$43,238/yr ↓ 46%
$751,700 ↑ 595%
Home Value
$108,200 ↓ 86%
$1,837/mo ↑ 92%
Owner Costs
$956/mo ↓ 48%
8,516,202
Population
149,827

Tax Comparison

10.9%
Income Tax
5.0%
4.0%
State Sales Tax
7.0%
1.62%
Property Tax
0.67%

Affordability

26.8%
rent-to-income
Affordability
28.3%
rent-to-income

Detailed Comparison

When comparing New York, NY and Jackson, MS, the overall cost of living indices are 166 and 58 respectively (national median = 100). Rent is $761/month cheaper in Jackson, saving renters about $9,132/year.

Median household income is $36,475/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $108,200 in Jackson.

Mississippi has a lower income tax rate, making Jackson slightly more tax-friendly.

Frequently Asked Questions

New York vs Jackson — common questions

Is New York or Jackson cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 166 (US average = 100).
What is the rent difference between New York and Jackson?
Median rent in New York is $1,779/month and in Jackson it's $1,018/month — a difference of $761/month.
Which city has higher income, New York or Jackson?
Median household income is $79,713 in New York and $43,238 in Jackson. Median household income is $36,475/year higher in New York.
How do taxes compare between New York and Mississippi?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax.
Should I move to New York or Jackson?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while Jackson has a cost index of 58 with rent of $1,018/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View Jackson details →

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