Cost of Living in Jackson, Mississippi
In Jackson, the median household income is $42,071 and the median gross rent is $1,055/mo, with a median home value of $111,700. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $42,071
- Median gross rent
- $1,055/mo
- Median home value
- $111,700
- Population
- 146,631
How Jackson compares to the Mississippi average
| Measure | Jackson, MS | Mississippi statewide | Difference |
|---|---|---|---|
| Median household income | $42,071 | $56,447 | -25.5% |
| Median gross rent (monthly) | $1,055 | $954 | +10.6% |
| Median home value | $111,700 | $169,800 | -34.2% |
Statewide, Mississippi prices average 87.0 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Jackson
- Salary needed for median rent
- $42,200
- Rent burden at median income
- 30.1%
- Est. affordable home price
- $153,472
So that $1,055/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Jackson is $111,700 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.