Cost of living in Jonesboro research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Jonesboro is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Jonesboro is 87, with 100 being the average.
The cost of living index in Jonesboro is 0.9x lower than the national average.
Jonesboro ranks as the #47 cheapest in Arkansas out of 65.
Jonesboro ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Jonesboro is $169,100.
The median income in Jonesboro is $48,901.
According to the most recent data on the cost of living, Jonesboro has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Jonesboro has a cost of living index that's 1.0x lower than Arkansas's index of 90.
The standard of living in Jonesboro ranks as #47 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Jonesboro ranks as the #18 most expensive place in the Natural State.
For more reading on life in Jonesboro, check out:
Six factors go into calculating the cost of living index in Jonesboro. Here is how it fairs on each of the criteria:
The Services index in Jonesboro is 102.
The Groceries index in Jonesboro is 89.
The Health index in Jonesboro is 93.
The Housing index in Jonesboro is 77.
The Transportation index in Jonesboro is 90.
The Utilities index in Jonesboro is 90.
Living Expense | Jonesboro | Arkansas | National Average | |
---|---|---|---|---|
Overall | 87 | 90 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 89 | 94 | 100 | |
Health | 93 | 85 | 100 | |
Housing | 77 | 76 | 100 | |
Transportation | 90 | 90 | 100 | |
Utilities | 90 | 95 | 100 |
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Jonesboro is $169,100.
The Median Rent in Jonesboro is $828.
The Median Income in Jonesboro is $48,901.
The Home Value To Income in Jonesboro is 3.5x.
The Rent To Monthly Income in Jonesboro is 0.2x.
Statistic | Jonesboro | Arkansas | United States |
---|---|---|---|
Median Home Value | $169,100 | $142,100 | $244,900 |
Median Rent | $828 | $803 | $1,163 |
Median Income | $48,901 | $52,123 | $69,021 |
Home Value To Income | 3.5x | 2.7x | 3.5x |
Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Jonesboro. Here's a quick look at the cost of living in the most populous nearby places:
Paragould, AR has a cost of living index of 86, 1.0x Jonesboro.
Blytheville, AR has a cost of living index of 82, 0.9x Jonesboro.
Kennett, MO has a cost of living index of 83, 1.0x Jonesboro.
City | Population | Cost Of Living | Vs. Jonesboro |
---|---|---|---|
Paragould, AR | 29,327 | 86 | 1.0x |
Blytheville, AR | 13,559 | 82 | 0.9x |
Kennett, MO | 10,507 | 83 | 1.0x |
Wynne, AR | 8,352 | 81 | 0.9x |
Newport, AR | 7,829 | 81 | 0.9x |
Trumann, AR | 7,416 | 80 | 0.9x |
Pocahontas, AR | 7,269 | 81 | 0.9x |
Osceola, AR | 7,016 | 78 | 0.9x |