Rent vs Buy Calculator for Jackson, MS
Updated 2026 · Local data pre-filled
Jackson's price-to-rent ratio is 15.2 — in the neutral zone where the decision depends on your timeline and priorities. Median rent is $850/mo vs a $155,000 purchase price.
✓ Calculator below is pre-filled with Jackson local data
How Jackson Compares to the National Average
Understanding how Jackson stacks up helps you calibrate your financial planning.
| Metric | Jackson, MS | US Average | Difference |
|---|---|---|---|
| Median Home Price | $155,000 | $420,800 | -63.2% |
| Median Monthly Rent | $850 | $1,713 | -50.4% |
| Median Household Income | $44,200 | $74,580 | -40.7% |
| Property Tax Rate | 0.82% | 1.10% | -25.5% |
| Cost of Living Index | 79 | 100 | -21.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Jackson Financial Snapshot
- Population (Metro)
- 580,000
- Unemployment
- 6.2%
- Avg Commute
- 22 min
- Median Age
- 33.2
- Price-to-Rent Ratio
- 15.2x
- Annual Property Tax
- $1,271
Frequently Asked Questions — Jackson
What is the median home price in Jackson, MS?
The median home price in Jackson is $155,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Jackson?
Median monthly rent in Jackson is $850. That works out to $10,200/year, or 23% of the median household income — within the commonly recommended 30% of income guideline.
Is Jackson affordable?
Jackson's cost of living index is 79 vs. the national average of 100. With a median household income of $44,200/year and a median home price of $155,000, the price-to-income ratio is 3.5x. Jackson remains relatively affordable compared to many US metros.
What is the property tax rate in Jackson?
The effective property tax rate in Jackson is 0.82% of assessed value. On the median home of $155,000, that's roughly $1,271/year ($106/month).