Cost of living indices are based on a US average of 100. An amount below 100 means Jackson, MI is less expensive than the US average. A cost of living index above 100 means Jackson, MI is more expensive.
Overall, Jackson, MI cost of living is 80. Overall ranking is a total of all the Cost of Living (COL) categories, weighted subjectively as follows: housing (30%), food and groceries (15%), transportation (10%), utilities (6%), health care (7%), and miscellaneous expenses such as clothing, services, and entertainment (32%). State and local taxes are not included in any category. Housing = 40: Average cost of an area’s housing, which includes mortgage payments, apartment rents, and property tax. Groceries = 96: Average cost of food in grocery stores in an area. Transportation = 103: Average cost of gasoline, car insurance, maintenance expenses, and mass transit fare for the area. The cost of vehicles and any vehicle registration and license taxes are not included. Utilities = 104: Average cost of heating or cooling a typical residence for the area, including electricity and natural gas. Health = 97: Average cost of health care calculated using the standard daily rate for a hospital room, and the costs of a doctor’s office visit, and a dental checkup. Miscellaneous = 98: Average cost index of those goods and services not included in other COL categories including, clothing, restaurants, repairs, entertainment, and other services. Source: Data and other content Original research and analysis by Sperling’s BestPlaces, June 2014
Total Labor Force: 73,125 Total residents in Jackson County, employed: 70,525 Total residents in Jackson County, not working:2,600 Jackson County: Unemployment Rate for August 2018: 3.6% September rate not available as of 10/18/18Unemployment Rate for the US in September 2018: 3.7% Unemployment Rate for Michigan in September 2018: 4.0% *Source: August/September 2018 Labor Market
Source/Michigan Employment Service AgencyMichigan's Labor Market News for September 2018
As of September 30, 2018, there have been no Jackson County businesses that have closed nor have there been any mass lay-offs in 2018, with the exception of various state-wide closings at Younkers, which includes their Jackson location, as well as the Toys-R-Us store, and Sears Department store (except the auto service station) in Jackson. Source: WARN Notices for 2018
Top Occupations Office and Administrative Support: 10,464 Production Workers: 7,865 Sales: 7,157 Executive, Managers, and Administrators: 6,093 Health Diagnosing and Treating Practitioners: 4,487 Source: Zoom Prospector - Applied Geographic Solutions, 2018 Demographic Estimates for Jackson County.
Business and Jobs
Jackson County has a total of 5,965 business establishments. In 2017, the leading industries in Jackson County were: Health Care and Social Services:1,299 establishments with 16,232 jobs Retail:784 establishments with 8,748 jobs Manufacturing:300 establishments with 7,689 jobs Education:148 establishments with 5,762 jobs Source: Zoom Prospector - Applied Geographic Solutions, 2018 Demographic Estimates for Jackson County.
Median household income: $52,653 Total Dwellings: 68,929 Total Owner-Occupied Dwellings: 46,313 Total Renter-Occupied Dwellings: 16,903 Housing Units Occupied: 63,216 Average Sale Price for Residential in 2017: $151,511 Average Sale Price for Residential in 2018: $157,393 Total number of Residential sales in 2018: 1,939 Sources: Jackson Area Association of Realtors, 2018 Statistics, and Zoom Prospector - Applied Geographic Solutions, 2018 Demographic Estimates for Jackson County
9th grade:2.29% 9th through 12th grade:7.44% High school diploma or equivilent:33.27% Some college:26.0% Associate’s Degrees:9.86% Bachelor’s Degrees:14.48% Graduate Degrees:6.66% Source: Zoom Prospector - Applied Geographic Solutions, 2018 Demographic Estimates for Jackson County