Richmond, VA vs Jackson, MS: 98 vs 58

$1,314/mo ↑ 29%

Median Rent

$1,018/mo ↓ 23%

$62,671/yr ↑ 45%

Median Income

$43,238/yr ↓ 31%

$328,100 ↑ 203%

Home Value

$108,200 ↓ 67%

$1,374/mo ↑ 44%

Owner Costs

$956/mo ↓ 30%

227,595

Population

149,827

Detailed Comparison

When comparing Richmond, VA and Jackson, MS, the overall cost of living indices are 98 and 58 respectively (national median = 100). Rent is $296/month cheaper in Jackson, saving renters about $3,552/year.

Median household income is $19,433/year higher in Richmond. Home values also differ significantly — the median in Richmond is $328,100 compared to $108,200 in Jackson.

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

Frequently Asked Questions

Richmond vs Jackson — common questions

Is Richmond or Jackson cheaper to live in?

Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 98 (US average = 100).

What is the rent difference between Richmond and Jackson?

Median rent in Richmond is $1,314/month and in Jackson it's $1,018/month — a difference of $296/month.

Which city has higher income, Richmond or Jackson?

Median household income is $62,671 in Richmond and $43,238 in Jackson. Median household income is $19,433/year higher in Richmond.

How do taxes compare between Virginia and Mississippi?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax.

Should I move to Richmond or Jackson?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/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.

Cost of Living: Richmond, VA vs Jackson, MS (2026)

Richmond

Jackson

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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