Economy in Jackson, TN

Jackson, TN is a vibrant city filled with opportunities for growth and exploration. It offers a lower cost of living than many other parts of the United States, with 2 bedroom rent averaging $970 compared to the US average of $1,430. Additionally, grocery costs are also lower in Jackson – the Grocery Cost Index is 94 versus 100 in the US. This makes it an attractive destination for those seeking to save money while enjoying a high quality of life.
In addition to its affordability, Jackson has plenty to offer residents and visitors alike. The city is home to several businesses such as Coca-Cola Bottling Co Consolidated, Women’s Care Center Pllc-Tennessee, and West Tennessee Healthcare. There are also numerous parks and recreational areas that provide ample options for outdoor activities like hiking and fishing. With its diverse population and plentiful amenities, Jackson is a great place to call home or explore for a few days.

Jackson has an unemployment rate of 5.5%. The US average is 6.0%.

Jackson has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Jackson
- The Sales Tax Rate for Jackson is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Jackson is 0.0%. 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 $22,964 a year. The US average is $28,555 a year.
- The Median household income of a Jackson resident is $44,778 a year. The US average is $69,021 a year.