Foreclosure Homes for Sale in Jackson, TN: What You Need to Know
Tennessee was the original frontier to the west and later became a battlefield during the Civil War. The state has had a diverse population, including Cherokee Indians, English, Scotch-Irish, and African Americans. Through time, all these different cultures have combined to form an amazing music scene and flavorful cuisine.
Today, Jackson has forged a diverse and robust economy. It welcomes both large industries and small businesses alike, fostering a community of young professionals looking to head start their careers. Jackson has a laidback Southern mentality. Residents are full of southern charm and will always provide a warm welcome.
The Cost of Living in Jackson
The overall cost of living in Jackson is 8% lower than the national average. The median home price is $253,310. This makes housing expenses 27% lower than the rest of the country. Utility prices average out to 23% lower than the national average. Groceries are 21% lower than the national average. Healthcare costs are 4% lower than the rest of the US. The combined sales tax is 9.75%.
Things to Do in Town
The dense woodlands and lake views provide beautiful sights and a relaxing atmosphere to take a stroll. It’s no wonder why Cypress Grove Nature Park and Liberty Garden Park & Arboretum are a hot spot for residents.
For a one-of-a-kind adventure, visit the Casey Jones Village with the entire family. Here you’ll find historical attractions, old-fashioned cookin’, and a museum about the life of the American railroader Casey Jones.
“A Taste of the Congo” festival is held every year on the second week of June, which features traditional African home-cooked meals and a Congolese fashion show. In the middle of July, the annual Toast to Jackson Festival occurs with a number of wineries offering samples and culinary delights. Other highly attended festivals include the Nebulosity Festival (July) and the AMP Music Series (July).
The Local Population
With a population of 66,989 in 2020, Jackson is the 8th largest city in Tennessee. The city spans 58 square miles, meaning that Jackson has a population density of 1,149 people per square mile. The city's racial composition includes 50.32% Whites, 45.14% Blacks, 1.82% two or more races, 1.25% Asian, and 1.37% other races. The average household income is $61,222, with a poverty rate of 24.05%. The median age of the residents is 35.8 years old.