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.
IndexJacksonMissouriNational
Cost of living index9391100
IndexJacksonMissouriNational
Goods & Services index9196100
Groceries index10599100
Health care index9299100
Housing index8678100
Transportation index9595100
Utilities index10198100
An overview of the general cost of living index for Jackson, MO is displayed above for your reference. Residents in Jackson, MO enjoy a cost of living index of 93. This index is 2% higher than the Missouri average, and 7% 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, MO, the average cost of goods and services is 5% lower than it is in Missouri, and it is 9% lower than the national average.
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Did you know?

  • The cost of living in Jackson is 2% higher than the Missouri average.
  • The cost of living in Jackson is 7% lower than the national average.
  • The cost of housing in Jackson is 14% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

Compare Jackson, MO Cost of living To Other Cities

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      This is how much you would need to earn in
      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 used in order to provide a comparison of your current salary in Jackson, MO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Jackson, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Jackson, MO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$61,441$5,120$1,434$1,843
      Renters$37,604$3,134$877$1,128
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Jackson, MO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Jackson, MO homeowners have a median income of $61,441. Using that number, you will come up with a maximum of $1,434 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $37,604, which means there is a maximum of $877 to be spent on the costs of renting a home or apartment.

      Missouri Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Missouri4.225%10.85%

      Missouri Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Missouri1.5%5.4%
      When you are determining the total cost of living in Jackson, MO you will want to make sure you consider both the Missouri sales tax and the Missouri income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Missouri is 4.225%, with the highest surtax being 10.85%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Missouri have a range from 1.5% to 5.4%.

      Goods & Services

      ItemJacksonNational avg.Difference
      Haircut $17.00$17.492.8%
      Beauty Salon $39.71$38.174.0%
      Toothpaste $2.32$2.320.0%
      Shampoo $1.06$1.014.8%
      Movie $9.83$10.728.3%
      Bowling $14.83$13.867.0%

      Groceries

      ItemJacksonNational avg.Difference
      Ground Beef $4.01$3.902.8%
      Fried Chicken $1.67$1.4019.7%
      Milk $1.90$1.963.2%
      Potatoes $3.49$3.189.6%
      Pizza $9.96$10.394.2%
      Beer $9.26$9.230.3%

      Health Care

      ItemJacksonNational avg.Difference
      Optometrist $78.67$106.3426.0%
      Doctor $71.67$115.2537.8%
      Dentist $102.57$98.384.3%
      Ibuprofen $11.32$9.2622.2%
      Lipitor $474.50$466.471.7%

      Housing

      ItemJacksonNational avg.Difference
      Home Price $159,700.00$184,700.0013.5%
      Avg. Mortgage Payment $855.20$1,273.3232.8%
      Apartment Rent $803.00$949.0015.4%

      Transportation

      ItemJacksonNational avg.Difference
      Gasoline $2.57$2.590.7%
      Tire Balancing $44.41$48.909.2%

      Utilities

      ItemJacksonNational avg.Difference
      All Electricity$163.79$167.602.3%
      Phone $191.07$163.4216.9%
      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, StatePopulationCost of Living IndexNational Avg.
      Allenville, MO8471-29%
      Thebes, IL40675-25%
      Delta, MO32079-21%
      Whitewater, MO11379-21%
      McClure, IL41779-21%
      Jackson, MO14,64193-7%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Warsaw, IN14,64092-8%
      Auburndale, FL14,63888-12%
      Hopatcong, NJ14,63311212%
      Hammonton, NJ14,63011414%
      Lebanon, MO14,65283-17%
      Jackson, MO14,64193-7%
      Source: The Jackson, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.