Cost of Living in Jackson, MI
Housing
The housing market plays a significant role in determining the cost of living in Jackson, MI.
- Housing Index: 75.6 / 100
- Median Home Price is: $158,000
- Average Rent (2 BR Apartment): $980 per month
- Average Rent (2 BR House): $1039 per month
When considering a move to Jackson, MI, it's essential to evaluate the housing market. With a housing index of 75.6, the market appears to be moderately favorable for renters and buyers alike. The median home price of 158000 is relatively affordable, particularly compared to larger metropolitan areas. Renting options are also competitive, with the average rent for a 2-bedroom apartment at 980 and a house at 1039. Overall, Jackson offers a balanced housing market that caters to diverse living preferences, making it an appealing option for relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jackson, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Jackson, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Jackson is a financially viable option for your relocation.