Housing costs in Jackson?
A typical home costs
$42,800, which is 87.3% less expensive than the national average of
$338,100 and 72.4% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Jackson costs
$770 per month, which is 13.5% cheaper than the national average of
$890 and 33.8% cheaper than the state average of
$1,030.
Can I afford Jackson?
To live comfortably in Jackson (zip 39203), Mississippi, a minimum annual income of
$8,280 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Jackson?
The cost of living in 39203 Jackson, MS is quite affordable compared to other cities. The median home price in the area is around $112,000, making it a great option for first-time buyers and young families who are looking to purchase a home. The median rent for a two-bedroom apartment is around $800 per month, while the monthly utility costs are also reasonable. Groceries and other necessities such as health care and transportation costs remain relatively low in comparison with other cities. Furthermore, there is no state income tax in Mississippi which helps to keep living expenses even lower. All in all, Jackson offers residents an affordable place to live that provides ample opportunities for work and leisure.