Mississippi may be smaller than its neighboring states. But it has a prosperous hydrographic organization and an atmosphere favorable to horticulture. Furthermore, the state of Mississippi is more open and full of people who enjoy the finer things in life. If one's life path leads them to Jackson, this could be their chance to discover their true hometown. The city has the conveniences and neighborhoods of a large city. The city also has hospitality that is distinctive to Mississippi. So, it is no surprise that it ranks first in the state on lifestyle indexes.
Quick Facts
- Jackson is the capital of Mississippi and the most populous city in the state,
- The median household income in the city is $55,850, and its poverty rate is 24.46%.
- In recent years, the median rental cost has been $856 per month, with a median dwelling value of $91,400.
- Jackson has a population of 149,739 in 2020.
Jackson, MS in a Nutshell
Jackson is Mississippi's capital. Its name is derived from Andrew Jackson, the US Army general. The city is located south of the Yazoo River and features a variety of attractions. Although the population has declined recently, it remains Mississippi's most populous city. Having said that, it is clear that many people choose to stay or move here. With many opportunities for hardworking individuals, it is evident why people choose Jackson. And Jackson possesses all of them. Mississippi's capital is now home to young, attractive, affordable neighborhoods. There is also an innovative food industry compared to its neighboring cities. It also has a culture that recognizes and preserves the state's vibrant history, art, and music. And, like the classic pronoun "y'all," Jackson is pleasant and welcoming. Malaco Records and Recording Studios from Jackson produced great music. From gospel, blues, jazz, and soul musicians dominated southern blues and gospel charts. Its music scene exemplifies Jackson's character and beautiful soul.
Economy
Jackson's economy takes from the government, financial services, manufacturing, and agriculture industries. The unemployment rate is 4.7%, about 1% more than the national average of 3.9%. The job market is continuing to expanded by several percentages since 2019. The ten-year estimate for job growth in the United States is 33.5%. But, the ten-year forecast for Jackson is a lethargic 29.9%. Among Jackson's many industrial sectors are finance, education, and government. Manufacturing, health care, retail, housing, food services, and telecommunications are also listed. Cal-Maine Foods Inc and EastGroup Properties Inc have business in Jackson.
Trustmark Corp is also part of public trade corporations headquartered in Jackson. The Mississippi State and its university medical center are some employers in Jackson. The US Government, Public Schools, Nissan, Baptist Health Systems, and Wal-Mart Stores Inc. are also significant employers. Out-of-state investors envision a bright future for Jackson. They have invested approximately $1.6 billion in its redevelopment. Many movers consider moving to Jackson to be a wage raise. The cost of living and housing is lower than the national average in Jackson. Sales taxes, including state and local, are 8%. This percentage is higher than the 7.1% national average record. Annual property taxes are approximately a percent of a home's assessed value. This value is pretty consistent with the national average.
Employment
The job market in Jackson is diverse and steady. This situation is favorable for any young professionals relocating to the city. It is noteworthy to know the primary industries in the town. Manufacturing electrical equipment and machinery is one of the most in-demand work. Metal products, food, and other sectors come next. This context implies that those in these industries will almost find work as soon as they arrive. A few large corporations have their headquarters here. The economy and job market are expanding, and unemployment has been decreasing. Even though COVID has halted everything, these are the industries that have grown. They kept working because they were so crucial in everyone's daily lives. As many can see, knowing what to expect when moving is critical. Understanding the basics, such as the employment market, helps lessen burdens. So, before beginning to move and hunt for work, update all necessary documents.
Real Estate in Jackson, MS
According to a Northside Sun article, it is usual to see seven people bidding on the same house in Jackson. Northside, Ridgeland, Belhaven, and Eastover are among the most active neighborhoods in Jackson. The median price of a middle-tier property in Jackson has risen roughly 36% in the last year. According to the most recent data, the median listing price in Jackson ranges from 90 000 to 140,000 dollars. One of the primary reasons investors buy rental property is that people always need a place to live. Even if homeowners in the area struggle, the demand for a rental property remains high. Jackson recently received the title of having one of the highest rent increases in the US.
Real Estate Trends
Sixty percent of Jackson residents own their houses. The housing prices are almost 40% lower than the national average in Jackson. So, it is simple to see why most people in the city buy a home. The median property value is still rising, with current listing prices at $115,500. Despite a drop in property prices, projections predicted a sizeable gain post-pandemic. Rent is also well priced despite the rising costs. The typical rent in the city is $950, while the median rent across the metro region is $1,150. Woodlea, North Midtown, and Brookhollow communities have some of the cheapest housing.
Final Thoughts
We do not get to select where we are born, but we may choose where we live along the road. Most of us would abandon big-city traffic and high living costs for a more relaxed setting. We only need to discover a low-key location with first-rate amenities. Good weather and plenty of prospects for career advancement wrap up the list. Jackson is a cozy city big enough to support itself but with a small-town neighbor mentality.
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