Cost of Living in Jackson, MS
Updated November 2026 · Hinds County · Jackson, MS metro area · population 146,631
Prices in Jackson are 10.7% below the US average (local index 89.3; the BEA index for the Jackson, MS metro area is 89.0), with local housing the biggest saving at 59.2; a single adult's modelled budget is about $2,226 a month and the median rent is $1,055.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Jackson's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Jackson, MS metro area, unchanged.
Jackson price index by category, US average = 100: All items 89.3, Housing (rents) 59.2, Goods 96.2, Utilities 78.1, Other services 96.1
Cheaper than 95% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 88.6 | 88.9 | 88.5 | 90.2 | 89.8 | 89.0 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Jackson, MS
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $654 | $7,848 | 29% |
| Utilities | $243 | $2,916 | 11% |
| Food at home | $271 | $3,252 | 12% |
| Transportation | $559 | $6,708 | 25% |
| Health care | $338 | $4,056 | 15% |
| Clothing, personal care & supplies | $161 | $1,932 | 7% |
| Total | $2,226 | $26,712 | 100% |
2 adults · 2-bedroom · modelled estimate for Jackson, MS
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $771 | $9,252 | 21% |
| Utilities | $382 | $4,584 | 10% |
| Food at home | $501 | $6,012 | 14% |
| Transportation | $1,107 | $13,284 | 30% |
| Health care | $626 | $7,512 | 17% |
| Clothing, personal care & supplies | $317 | $3,804 | 9% |
| Total | $3,704 | $44,448 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Jackson, MS
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $883 | $10,596 | 20% |
| Utilities | $465 | $5,580 | 10% |
| Food at home | $715 | $8,580 | 16% |
| Transportation | $1,472 | $17,664 | 33% |
| Health care | $583 | $6,996 | 13% |
| Clothing, personal care & supplies | $408 | $4,896 | 9% |
| Total | $4,526 | $54,312 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Jackson
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,146 |
| 1 bedroom | $858 |
| 2 bedrooms | $1,012 |
| 3 bedrooms | $1,159 |
| 4 bedrooms | $1,314 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,055 |
| Median contract rent (excl. utilities) | $804 |
| Median home value | $111,700 |
| Owner costs with a mortgage | $1,231/mo |
| Median household income | $42,071 |
| Rent as % of renter income Very expensive | 35.9% |
| Home value ÷ household income Very affordable | 2.7× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Mississippi
14.43¢ per kWh, August 2026
12-month change: +6.0% (from 13.61¢) · US 18.16¢
Average household uses 1,170 kWh a month in Mississippi ≈ $174/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: Gulf Coast (PADD 3)
$3.64 per gallon, week of 2026-11-02
12-month change: +44.8% (from $2.51) · US $4.15
EIA weekly retail price survey; Mississippi is covered by the Gulf Coast (PADD 3) average.
Inflation in the South
Consumer prices in the South Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Jackson are 10.7% below the US average, $60,000 here has the buying power of about $67,200 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 89.3. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Decatur, IL | 89.4 | $2,106 | $845 |
| Rapid City, SD | 89.3 | $2,337 | $1,109 |
| Owensboro, KY | 89.3 | $2,061 | $905 |
| Loudon, TN | 89.4 | $2,187 | $879 |
| Davenport, IA | 89.4 | $2,270 | $978 |
| Terre Haute, IN | 89.2 | $2,125 | $922 |
Compare Jackson with another city
Frequently asked questions
Is Jackson, MS an expensive place to live?
Jackson has a local cost of living index of 89.3, which is 10.7% below the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Jackson, MS metro area (89.0) and adjusts housing to Jackson's own rents. It is 2.4 points above the Mississippi average. Cheaper than 95% of the cities we cover.
How much money do you need to live in Jackson?
Our modelled estimate of basic monthly costs is $2,226 for a single adult, $3,704 for a couple and $4,526 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $53,600 in Jackson.
What is the average rent in Jackson?
The median gross rent (rent plus tenant-paid utilities) is $1,055 a month (Census ACS 2020-2024). By size: 1 bedroom $858, 2 bedrooms $1,012, 3 bedrooms $1,159. The typical renter spends 35.9% of household income on rent (very expensive).
How much does a house cost in Jackson?
The median owner-estimated home value is $111,700, 2.7 times the median household income of $42,071 (very affordable). Owners with a mortgage pay a median $1,231 a month in housing costs.
How much is electricity and gas in Jackson?
Mississippi residential electricity averaged 14.43¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $3.64 a gallon (Gulf Coast (PADD 3) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Jackson, MS metropolitan statistical area (BEA index 89.0) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 2836000 (Jackson city).
- Electricity: EIA-861M, Mississippi residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Gulf Coast (PADD 3), week of 2026-11-02.
- Inflation: BLS CPI-U South region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources