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2024 BEA RPP All 4 categories Federal source

Jackson, MI

Cost-of-living indicators for Jackson, MI, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 27100 · Data year: 2024 · Rank: #249 of 387

Jackson, MI has a cost of living index of 91.8, meaning it's 8.2% less expensive than the national average. Goods cost 6.3% less, services 2.2% less, and rents are 32.9% below average. A $100K national salary has the purchasing power of $108,957 here.

What the Numbers Mean for Jackson

Jackson ranks #249 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the lower half by cost. With an overall Regional Price Parity of 91.8, Jackson, MI is 8.2% less expensive than the national baseline of 100. The gap between Jackson's most and least expensive categories — the priciest line item versus rents at 67.1 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $108,957 inside Jackson, while a household needs roughly $91,779 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 67.1 — 32.9% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Jackson's overall index has fallen by 5.0 points, improving relative affordability. For the 2024 data year, goods are indexed at 93.7 and services at 97.8, meaning everyday spending in Jackson is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Jackson Cost Index at a Glance

Jackson all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10091.8

Jackson category breakdown

BEA RPP composition by goods, services, rents, overall

Rents67.092Services97.845Goods93.711Overall91.779

Price Index Summary

Overall

91.8

-8.2 below avg

Goods

93.7

-6.3 below avg

Services

97.8

-2.2 below avg

Rents

67.1

-32.9 below avg

Price Index vs National Average (100)

Overall
National avg

Index 91.8 (-8.2 vs national avg)

Goods
National avg

Index 93.7 (-6.3 vs national avg)

Services
National avg

Index 97.8 (-2.2 vs national avg)

Rents
National avg

Index 67.1 (-32.9 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -32.9% (67.1)
Overall -8.2% (91.8)
Goods -6.3% (93.7)
Services -2.2% (97.8)

Income Adequacy in Jackson

Jackson income adequacy score

$75,000 median income vs RPP 91.8

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$91,779

in Jackson, MI purchasing power

$50,000 nationally
$45,890
$75,000 nationally
$68,834
$125,000 nationally
$114,724
$150,000 nationally
$137,669
$200,000 nationally
$183,558

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 5.0 points over this period.

Year Overall
2008 96.8
2009 93.1
2010 92.3
2011 93.9
2012 93.5
2013 91.4
2014 93.3
2015 91.1
2016 92.9
2017 91.3
2018 93.0
2019 93.3
2020 92.1
2021 93.6
2022 91.5
2023 92.8
2024 91.8

Related Data for Jackson

Frequently Asked Questions

What is the cost of living in Jackson, MI?
Jackson, MI has a Regional Price Parity (RPP) index of 91.8, meaning it is 8.2% less expensive than the national average. Goods are indexed at 93.7, services at 97.8, and rents at 67.1. It ranks #249 out of 387 U.S. metro areas by overall cost.
What salary do I need in Jackson, MI to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $91,779 in Jackson, MI. Conversely, $100K earned in Jackson, MI has the purchasing power of $108,957 at the national average.
How expensive is rent in Jackson, MI?
Rents in Jackson, MI are indexed at 67.1, which is 32.9% below the national average. This makes the area relatively affordable for renters.
Is Jackson, MI getting more expensive?
From 2008 to 2024, Jackson, MI's overall cost index changed by -5.0 points (from 96.8 to 91.8). The cost of living has been declining.
What metros have a similar cost of living to Jackson, MI?
Metros with the most similar overall cost index include La Crosse-Onalaska, Pueblo, Amarillo. These areas have RPP values within a few points of Jackson, MI's 91.8.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page