Housing costs in Jackson?
A typical home costs
$109,600, which is 67.6% less expensive than the national average of
$338,100 and 60.5% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Jackson costs
$890 per month, which is 16.8% cheaper than the national average of
$1,070 and 2.2% more than the state average of
$870.
Can I afford Jackson?
To live comfortably in Jackson (zip 38301), Tennessee, a minimum annual income of
$20,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Jackson?
The cost of living in 38301 Jackson, TN is relatively affordable. According to the Cost of Living Index, the overall score for this city is 86.8, which is 14.2% lower than the U.S. average. The median home value here is $124,000, which is 31.3% lower than the national median of $179,400. Renters pay an average of $737 per month for a one-bedroom apartment and $936 per month for a two-bedroom unit - both figures are about 10% lower than the rest of Tennessee's state median rent values. Additionally, groceries and other essentials are generally cheaper as well with prices being 2-4% lower than the U.S. average across various categories such as utilities, healthcare and transportation costs. In conclusion, living in 38301 Jackson is certainly a good option due to its affordability compared to other locations across the state and nation alike.