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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.
And while every neighbhorhood in Jackson might be more expensive than living in rural Mississippi, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Jackson neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Jackson are the cheapest.
The Cheapest Neighborhoods In Jackson For 2022
What's the cheapest neighborhood to live in Jackson for 2022? According to the most recent census data, Tougaloo Community looks to be the cheaptest Jackson neighborhood to live in.
At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Jackson. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Jackson that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Jackson.
Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Mississippi reading, check out:
- Best Places To Live In Mississippi
- Cheapest Places To Live In Mississippi
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Jackson For 2022
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Population: 2,111
Cost Of Living Index: 73 (2nd cheapest)
Home Value To Income Ratio: 0.9 (cheapest)
Rent To Income Ratio: 0.015 (24th cheapest)
More on Tougaloo Community: Homes For Sale | Data
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Population: 1,223
Cost Of Living Index: 75 (8th cheapest)
Home Value To Income Ratio: 1.5 (9th cheapest)
Rent To Income Ratio: 0.021 (46th cheapest)
More on North Midtown: Homes For Sale | Data
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Population: 1,769
Cost Of Living Index: 71 (cheapest)
Home Value To Income Ratio: 1.3 (4th cheapest)
Rent To Income Ratio: 0.024 (62nd cheapest)
More on Olin Park: Homes For Sale | Data
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Population: 763
Cost Of Living Index: 74 (4th cheapest)
Home Value To Income Ratio: 2.0 (36th cheapest)
Rent To Income Ratio: 0.019 (37th cheapest)
More on Utha Street: Homes For Sale | Data
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Population: 561
Cost Of Living Index: 76 (13th cheapest)
Home Value To Income Ratio: 1.8 (20th cheapest)
Rent To Income Ratio: 0.023 (52nd cheapest)
More on Friends Of West Jackson: Homes For Sale | Data
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Population: 183
Cost Of Living Index: 78 (30th cheapest)
Home Value To Income Ratio: 2.0 (35th cheapest)
Rent To Income Ratio: 0.015 (23rd cheapest)
More on Northwest Hills Terrace: Homes For Sale | Data
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Population: 123
Cost Of Living Index: 77 (22nd cheapest)
Home Value To Income Ratio: 1.9 (26th cheapest)
Rent To Income Ratio: 0.02 (43rd cheapest)
More on University Park: Homes For Sale | Data
Population: 312
Cost Of Living Index: 80 (46th cheapest)
Home Value To Income Ratio: 2.0 (38th cheapest)
Rent To Income Ratio: 0.0 (6th cheapest)
More on Mayfair: Homes For Sale | Data
Population: 108
Cost Of Living Index: 83 (66th cheapest)
Home Value To Income Ratio: 1.7 (19th cheapest)
Rent To Income Ratio: 0.0 (6th cheapest)
More on Pines: Homes For Sale | Data
Population: 888
Cost Of Living Index: 87 (82nd cheapest)
Home Value To Income Ratio: 1.4 (5th cheapest)
Rent To Income Ratio: 0.0 (6th cheapest)
More on Mcleod: Homes For Sale | Data
Methodology: How We Determined The Cheapest Jackson Hoods In 2022
In order to rank the cheapest places to live in Jackson, we had to determine what criteria defines "cheap".
Using census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 111 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Jackson." We're lookin' at you, Tougaloo Community.
Read on below to learn more about what it's like to live in the cheapest places Jackson. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Jackson
If you're measuring the neighborhoods in Jackson where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Jackson aren't all cheap. North Park And Ridgecrest takes the title of the most expensive neighborhood to live in Jackson.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Mississippi reading, check out:
- Most Dangerous Cities In Mississippi
- Richest Cities In Mississippi
- Safest Places In Mississippi
- Worst Places To Live In Mississippi