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: $158000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 88.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $41988

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Jackson, MI, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.