Jackson, MS Metro Area is a great place to live due to its affordability. According to data, rent for a two-bedroom apartment in Jackson is around $1,030 per month, much less than the US average of $1,430. The Grocery Cost Index in Jackson is also lower than the national average at 98 versus 100. This makes it an attractive option for people who want to make their money stretch further. There are also many local companies that have established themselves in this area such as BankPlus, Trustmark National Bank and Mississippi Power Company. All these factors make it clear that the cost of living in Jackson Metro Area is below the national average and makes it an ideal location for those looking to cut costs in their budget.
Jackson Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Jackson Metro Area 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 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Jackson Metro Area
- The Sales Tax Rate for Jackson Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Jackson Metro Area 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 Metro Area
- The average income of a Jackson Metro Area resident is $24,311 a year. The US average is $28,555 a year.
- The Median household income of a Jackson Metro Area resident is $56,205 a year. The US average is $69,021 a year.