Is $40K a Good Salary in Jackson, MS?
Full budget breakdown for Jackson on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Jackson on $40K
US average equivalent
$51,000
Your $40K in Jackson (COL: 79) buys the same as $51,000/yr in a city with average US cost of living.
vs Jackson median
-5%
The median household income in Jackson is $42,000/yr. You're earning 5% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Jackson.
Other salary levels in Jackson
Frequently asked questions
Is $40K a good salary in Jackson?
$40K/year in Jackson gives you approximately $2,572/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,000/month, your rent burden is 39% of take-home — which is considered tight. Jackson is one of the more affordable cities for this salary, ranking #14 out of 179 cities.
How much is $40K after taxes in Jackson?
On $40K/year in Jackson (MS), you take home approximately $2,572/month after federal income tax, 4.7% MS state income tax, and FICA. That is roughly $30,864/year net.
What is the cost of living in Jackson on $40K?
Monthly estimated costs in Jackson: rent $1,000, groceries ~$346, transportation ~$38, utilities ~$178, internet ~$55. Total estimated expenses: ~$1,617/month, leaving ~$955/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only