Jackson, MI Cost Of Living

Jackson cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Jackson	Michigan	National
Cost of living index	74	88	100
Index	Jackson	Michigan	National
Goods & Services index	85	93	100
Groceries index	81	91	100
Health care index	91	94	100
Housing index	44	74	100
Transportation index	100	103	100
Utilities index	87	91	100

An overview of the general cost of living index for Jackson, MI is displayed above for your reference. Residents in Jackson, MI enjoy a cost of living index of 74. This index is 16% lower than the Michigan average, and 26% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Jackson, MI, the average cost of goods and services is 8% lower than it is in Michigan, and it is 15% lower than the national average.

Did you know?

The cost of living in Jackson is 16% lower than the Michigan average.
The cost of living in Jackson is 26% lower than the national average.
The cost of housing in Jackson is 56% lower than the national average.
Michigan general sales tax is 18% higher than the national average.
Michigan state income tax is 91% higher than the national average.

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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Jackson, MI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Jackson, MI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Jackson, MI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$43,356	$3,613	$1,012	$1,301
Renters	$17,793	$1,483	$415	$534

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Jackson, MI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Jackson, MI has a median income of about $43,356 for people who own homes. Based on that number, a person should spend a maximum of $1,012 on expenses related to housing. Renters have a slightly different median income, which is $17,793. Based on this average, renters should spend no more than $415 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Michigan Sales Tax

State	General Sales Tax	With Max Surtax
Michigan	6%	6%

Michigan Income Tax

State	Income Tax (Low)	Income Tax (High)
Michigan	4.25%	4.25%

One thing to keep in mind when considering the cost of living in Jackson, MI is the Michigan sales tax and Michigan income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Michigan sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

Item	Jackson	National avg.	Difference
Haircut	$15.21	$16.09	5.5%
Beauty Salon	$16.11	$37.33	56.8%
Toothpaste	$1.83	$2.45	25.2%
Shampoo	$0.79	$1.00	21.4%
Movie	$8.13	$10.28	20.9%
Bowling	$3.45	$4.93	30.1%

Groceries

Item	Jackson	National avg.	Difference
Ground Beef	$2.77	$3.80	27.2%
Fried Chicken	$1.06	$1.40	23.9%
Milk	$1.51	$2.01	24.6%
Potatoes	$2.51	$3.01	16.6%
Pizza	$8.83	$9.89	10.7%
Beer	$7.81	$8.90	12.2%

Health Care

Item	Jackson	National avg.	Difference
Optometrist	$57.90	$102.16	43.3%
Doctor	$87.75	$108.36	19.0%
Dentist	$93.92	$92.53	1.5%
Ibuprofen	$7.55	$9.28	18.6%
Lipitor	$420.02	$425.82	1.4%

Housing

Item	Jackson	National avg.	Difference
Home Price	$62,000.00	$184,700.00	66.4%
Avg. Mortgage Payment	$754.32	$1,202.44	37.3%
Apartment Rent	$648.00	$949.00	31.7%

Transportation

Item	Jackson	National avg.	Difference
Gasoline	$2.30	$2.24	2.5%
Tire Balancing	$44.25	$46.29	4.4%

Utilities

Item	Jackson	National avg.	Difference
All Electricity	$168.13	$165.96	1.3%
Phone	$19.99	$28.68	30.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Vineyard Lake, MI	658	80	-20%
Napoleon, MI	1,247	81	-19%
Cement City, MI	443	75	-25%
Springport, MI	817	76	-24%
Parma, MI	753	77	-23%
Jackson, MI	33,165	74	-26%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lawndale, CA	33,161	137	37%
Manitowoc, WI	33,183	85	-15%
Fair Lawn, NJ	33,205	137	37%
Hilliard, OH	33,108	100	0%
Montgomery Village, MD	33,091	122	22%
Jackson, MI	33,165	74	-26%

Source: The Jackson, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Jackson, MI Cost of Living