Housing costs in Jackson?
A typical home costs
$241,300, which is 28.6% less expensive than the national average of
$338,100 and 13.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Jackson costs
$1,030 per month, which is 3.7% cheaper than the national average of
$1,070 and 15.5% more than the state average of
$870.
Can I afford Jackson?
To live comfortably in Jackson (zip 38305), Tennessee, a minimum annual income of
$46,080 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Jackson?
The cost of living in 38305 Jackson, TN is relatively affordable compared to other cities. The median household income in the area is slightly lower than the national median, however, with a mere 8% difference. Housing costs make up a significant portion of residents' budgets, but the average home price is much lower than the national average, making 38305 an attractive housing market for those looking for budget-friendly housing options. Additionally, Jackson has some of the lowest sales tax rates in Tennessee and an overall low cost of goods and services.