| Index | Jackson | Tennessee | National |
| Cost of living | 93 | 92 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 81 | 80 | 100 |
| Transportation | 94 | 97 | 100 |
| Utilities | 96 | 98 | 100 |
| Lifestyle & Entertainment | 96 | 97 | 100 |
| Household Items | 101 | 98 | 100 |
| Education & Childcare | 101 | 97 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Jackson? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Jackson stands at 93, making it 7% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Jackson are priced in a manner consistent with other areas. This means that residents of Jackson can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 13 locals to understand their opinions on the cost of living in Jackson. The results indicated that 62% found it reasonably priced with decreasing prices of goods and services, while 38% viewed it as quite expensive, with increasing prices.
Is Jackson an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Jackson is 22.7% lower than the national average, while the average monthly rent prices are 9.8% lower than average. The affordability of any location can also be influenced by median income levels. Jackson has a median household income of $64,192, which is 21.1% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Jackson starts at 7% and the income tax rates start at 0%.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Jackson comes in at 3.8% lower than the national average.
The Jackson cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $92,013 | $7,668 | $2,147 | $2,761 |
| Renters | $38,619 | $3,218 | $901 | $1,159 |
| State | General Sales Tax | With Max Surtax |
| Tennessee | 7% | 9.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Tennessee | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Humboldt, TN | 8,431 | 84 | 15.5% |
| Henderson, TN | 6,498 | 86 | 14.0% |
| Gadsden, TN | 502 | 86 | 13.9% |
| Medon, TN | 269 | 88 | 12.0% |
| Three Way, TN | 1,677 | 97 | 3.0% |
| Jackson, TN | 69,498 | 93 | 7.3% |
| City | Population | Cost of Living Index | National Avg. |
| Grande Prairie, AB | 69,512 | n/a | |
| Granby, QC | 69,530 | n/a | |
| Victoria, TX | 69,412 | 95 | 5.5% |
| Oshkosh, WI | 69,404 | 92 | 7.9% |
| Lehi, UT | 69,366 | 128 | 28.1% |
| Jackson, TN | 69,498 | 93 | 7.3% |
Here are the best places to live in Tennessee
See the best places to live in Jackson
These are the largest cities in Tennessee
Check out the 10 most dangerous cities in Tennessee