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: 75,512 Total residents in Jackson County, employed: 71,460 Total residents in Jackson County, not working:2,904 Jackson County: Unemployment Rate for June 2018: 3.8% Unemployment Rate for the US in June 2018: 4.0% Unemployment Rate for Michigan in June 2018: 4.5% *Source: June 2018 Labor Market
Source/Michigan Employment Service AgencyMichigan's Labor Market News for July 2018
As of June 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 in Jackson. Source: WARN Notices for 2018
Top Occupations Office and Administrative Support: 10,741 Production Workers: 7,705 Sales: 7,234 Executive, Managers, and Administrators: 6,961 Health Diagnosing and Treating Practitioners: 4,776 Source: Zoom Prospector - Applied Geographic Solutions, 2017 Demographic Estimates for Jackson County.
Business and Jobs
Jackson County has a total of 5,994 businesses. The leading industries in Jackson County: Health Care and Social Services:1,120 establishments with 15,984 jobs Retail:806 establishments with 9,484 jobs Manufacturing:309 establishments with 6,626 jobs Education:164 establishments with 6,345 jobs Source: Zoom Prospector - Applied Geographic Solutions, 2017 Demographic Estimates for Jackson County.
Median household income: $51,625 Total Dwellings: 68,872 Total Owner-Occupied Dwellings: 46,015 Total Renter-Occupied Dwellings: 16,805 Housing Units Occupied: 62,820 Average Sale Price for Residential in 2017: $151,511 Average Sale Price for Residential in 2016: $134,787 Total number of Residential sales in 2017: 1,919 Sources: Jackson Area Association of Realtors, 2017 Statistics, and Zoom Prospector - Applied Geographic Solutions, 2017 Demographic Estimates for Jackson County
9th grade:2.08% 9th through 12th grade:7.51% High school diploma or equivilent:34.39% Some college:25.68% Associate’s Degrees:9.49% Bachelor’s Degrees:14.27% Graduate Degrees:6.57%
The majority of the population of Jackson County has completed at least a high school diploma, and 30.33 percent have a College Degree.
Source: Zoom Prospector - Applied Geographic Solutions, 2017 Demographic Estimates for Jackson County