Quick facts: Jackson, MI

Quick Facts

94.9
Cost of Living
below US average
31,031
Population
46.6
Crime Rate per 1000
above US average
$41,988
Median Income
below US average
$139,900
Median House Price
above US average
$1060.18
Average Rent
below US average
21%
Poverty Rate
above US average
7.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,988.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $41,988
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Income Needed to Rent

⚠ Stretch
$45k/year
Based on $1060.18/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $45k vs median $41,988
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jackson, MI

Jackson, Michigan, is a city located in the south-central part of the state. Established in the early 19th century, Jackson has a rich history that includes being a key player in the Underground Railroad. It’s known as the "Jackson County" seat and is recognized for its vibrant community and historical significance. The city features a charming downtown area with various shops, restaurants, and cultural institutions. One notable landmark is the Jackson Historic Prison, which showcases the city's past. The Ella Sharp Museum offers insights into the area's art and history, making it a popular destination for locals and visitors alike. Outdoor enthusiasts can enjoy the numerous parks and recreational areas, including the scenic Cascades Falls, which features illuminated waterfalls and walking trails. Jackson is also close to several nearby lakes and natural reserves, perfect for fishing and hiking. The local economy is diverse, with healthcare, manufacturing, and retail sectors playing significant roles. Jackson has a family-friendly atmosphere, offering a mix of educational opportunities, including several public and private schools and community colleges. The city hosts various events and festivals throughout the year, fostering a strong sense of community spirit.

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