CALCMONEY // MORTGAGE // MS // JACKSON
Calculate your monthly mortgage payment using Jackson-specific property tax rates and local market data.
$155,000
6.9%
1.1%
82
| Principal & Interest | $817 |
| Property Tax | $142 |
| Homeowners Insurance (est.) | $52 |
| Total Monthly Payment (PITI) | $1,010 |
$31,000
$169,999
$43,303/yr
Jackson homebuyers are working with a $155,000 median price point, 63% below the national figure. Against the $40,000 median household income in the area, that's a 3.9x multiple.
Property taxes in Jackson run 1.1% of assessed value, in line with the 1.1% national average. On the median home, that's $1,705 a year, or $142 added to the monthly payment.
Between the $1,010/month mortgage payment and Mississippi's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Jackson's cost of living index sits at 82 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Jackson's median home price runs 7% higher than nearby Jackson: $145,000 there versus $155,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $124,000 loan saves $5,580 in interest over 30 years.
Compare Top Jackson Mortgage LendersJackson
$145,000 median
MSGulfport
$195,000 median
MSSouthaven
$225,000 median
MSHattiesburg
$180,000 median