Jackson, MI Cost Of Living
Cost Of Living In Jackson, MI Summary
Cost of living in Jackson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Jackson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Jackson is 75, with 100 being the average.
The cost of living index in Jackson is 0.8x lower than the national average.
Jackson ranks as the #2 cheapest in Michigan out of 175.
Jackson ranks as the #35 cheapest out of 6,412 in the US.
The median home value in Jackson is $76,400.
The median income in Jackson is $38,298.
Table Of Contents
Jackson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Jackson, MI?
According to the most recent data on the cost of living, Jackson has an overall cost of living index of 75, which is 0.8x lower than the national index of 100.
Compared to Michigan, Jackson has a cost of living index that's 0.8x lower than Michigan's index of 92.
The standard of living in Jackson ranks as #2 most affordable out of the 175 places we measured in Michigan. By definition, that implies Jackson ranks as the #173 most expensive place in the Wolverine State.
For more reading on life in Jackson, check out:
- Living In Jackson
- Jackson Crime Report
- Search Homes For Sale In Jackson, MI
In Michigan
In America
Jackson Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Jackson. Here is how it fairs on each of the criteria:
The Services index in Jackson is 86.
The Groceries index in Jackson is 76.
The Health index in Jackson is 92.
The Housing index in Jackson is 45.
The Transportation index in Jackson is 97.
The Utilities index in Jackson is 99.
| Living Expense | Jackson | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 75 | 92 | 100 | |
| Services | 86 | 96 | 100 | |
| Groceries | 76 | 96 | 100 | |
| Health | 92 | 94 | 100 | |
| Housing | 45 | 80 | 100 | |
| Transportation | 97 | 97 | 100 | |
| Utilities | 99 | 100 | 100 | |
Jackson, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Jackson is $76,400.
The Median Rent in Jackson is $782.
The Median Income in Jackson is $38,298.
The Home Value To Income in Jackson is 2.0x.
The Rent To Monthly Income in Jackson is 0.25x.
| Statistic | Jackson | Michigan | United States |
|---|---|---|---|
| Median Home Value | $76,400 | $172,100 | $244,900 |
| Median Rent | $782 | $946 | $1,163 |
| Median Income | $38,298 | $63,202 | $69,021 |
| Home Value To Income | 2.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Jackson, MI Costs By Category
Detailed Jackson Services Costs Vs. Michigan
Detailed Jackson Groceries Costs Vs. Michigan
Detailed Jackson Health Costs Vs. Michigan
Detailed Jackson Transportation Costs Vs. Michigan
Detailed Jackson Utilities Costs Vs. Michigan
Jackson SnackAbility
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Cost Of Living In Cities Around Jackson
The cost of living varies in the cities and towns around Jackson. Here's a quick look at the cost of living in the most populous nearby places:
Ann Arbor, MI has a cost of living index of 113, 1.5x Jackson.
Novi, MI has a cost of living index of 113, 1.5x Jackson.
Okemos, MI has a cost of living index of 101, 1.3x Jackson.
| City | Population | Cost Of Living | Vs. Jackson |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.5x |
| Novi, MI | 65,369 | 113 | 1.5x |
| Okemos, MI | 25,179 | 101 | 1.3x |
| South Lyon, MI | 11,786 | 101 | 1.3x |
| Plymouth, MI | 9,308 | 109 | 1.5x |
| Saline, MI | 9,072 | 102 | 1.4x |
| Whitmore Lake, MI | 8,019 | 99 | 1.3x |
| Wauseon, OH | 7,277 | 87 | 1.2x |
| Milford, MI | 6,511 | 99 | 1.3x |
| Northville, MI | 6,106 | 115 | 1.5x |
