Jackson, MS is a vibrant city with several local businesses. The cost of living in Jackson is lower than the US average. Rent for a two bedroom apartment averages $1,020 per month while the national average is higher at $1,430. Additionally, grocery costs are lower with an index rating of 96 compared to the US' index rating of 100. Some notable local business in Jackson include Coffee Prose, Mimi's Mediterranean Grill & Cafe, Catfish Cabin and Hellman Clothiers.
Jackson has an unemployment rate of 7.7%. The US average is 6.0%.
Jackson has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Jackson
- The Sales Tax Rate for Jackson is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Jackson is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Jackson
- The average income of a Jackson resident is $19,042 a year. The US average is $28,555 a year.
- The Median household income of a Jackson resident is $39,969 a year. The US average is $69,021 a year.