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.
A general summary of the cost of living index in Jackson, MS is shown above. Compared to the state average of Mississippi the cost of living index in Jackson, MS is 83, which is 1% higher than the average in Mississippi and compared to the national average it is 17% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Jackson, MS goods and services come in at 6% higher than the average in Mississippi and are 5% lower than compared to the nationwide average.
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Did you know?
The cost of living in Jackson is 1% higher than the Mississippi average.
The cost of living in Jackson is 17% lower than the national average.
The cost of housing in Jackson is 42% lower than the national average.
Mississippi general sales tax is 37% higher than the national average.
Mississippi state income tax is 35% higher than the national average.
Compare Jackson, MS Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Jackson, MS to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Jackson, MS, you have to earn a higher income in order to still have the same standard of living. To operate the Jackson, MS salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Jackson, MS as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Jackson, MS homeowners, is $48,039. This would allow for a maximum of $1,121 per month to be spent on housing costs. For renters, the median monthly income is $22,469 which would result in a maximum of $524 to be spent on rental costs.
Mississippi Sales Tax
General Sales Tax
With Max Surtax
Mississippi Income Tax
Income Tax (Low)
Income Tax (High)
When you are determining the total cost of living in Jackson, MS you will want to make sure you consider both the Mississippi sales tax and the Mississippi 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 Mississippi is 7%, with the highest surtax being 7.25%. 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 Mississippi have a range from 3% to 5%.
Goods & Services
Avg. Mortgage Payment
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.