Calculate using real Jackson data. Median home price: $125,000. Property tax rate: 1.1%.
Jackson, MS has a cost of living index of 80, where 100 represents the national average. This means living in Jackson is 20% less expensive the national average.
The median household income in Jackson, MS is $36,520. Combined with a cost of living index of 80, this provides a picture of purchasing power in the area.
The median home price in Jackson, MS is $125,000 with a property tax rate of 1.1%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $897.