Quick facts: Jackson, MO

Quick Facts

94.1
Cost of Living
below US average
15,702
Population
10.7
Crime Rate per 1000
below US average
$72,500
Median Income
below US average
$280,000
Median House Price
above US average
$1386.54
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $72,500.

🏠

Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $72,500
🏒

Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1386.54/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($72,500) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jackson, MO

Jackson, Missouri, is a charming city located in Cape Girardeau County, situated in the southeastern part of the state. With a population of approximately 15,000 residents, it serves as a suburban hub for those commuting to nearby Cape Girardeau, which lies just to the north. Jackson boasts a rich history, having been founded in the early 19th century, and it retains a quaint small-town feel while benefiting from the amenities of a larger urban area. The city features a mix of residential neighborhoods, parks, and local businesses, making it an appealing place for families. Popular outdoor spots include the Jackson City Park, which offers recreational facilities, walking trails, and playgrounds. Jackson is also known for its strong sense of community, showcased through various local events and festivals throughout the year. Education is a priority in Jackson, with the Jackson R-2 School District serving the area, providing quality education options for students. Additionally, the city has easy access to major highways, enhancing connectivity to surrounding cities and attractions. Overall, Jackson is characterized by its friendly atmosphere, community spirit, and proximity to natural beauty.

πŸ” Search & Compare Places

First Location πŸ“