Jonesboro cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexJonesboroArkansasNational
Cost of living index8584100
IndexJonesboroArkansasNational
Goods & Services index9193100
Groceries index9293100
Health care index8288100
Housing index7865100
Transportation index8689100
Utilities index8397100
An overview of the general cost of living index for Jonesboro, AR is displayed above for your reference. Residents in Jonesboro, AR enjoy a cost of living index of 85. This index is 1% higher than the Arkansas average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Jonesboro, AR, the average cost of goods and services is 2% lower than it is in Arkansas, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Jonesboro is 1% higher than the Arkansas average.
  • The cost of living in Jonesboro is 15% lower than the national average.
  • The cost of housing in Jonesboro is 22% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Jonesboro, AR to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Jonesboro, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Jonesboro, AR salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$62,468$5,206$1,457$1,874
Renters$22,485$1,874$525$675
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Jonesboro, AR as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Jonesboro, AR homeowners, is $62,468. This would allow for a maximum of $1,457 per month to be spent on housing costs. For renters, the median monthly income is $22,485 which would result in a maximum of $525 to be spent on rental costs.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%
When assessing the complete cost of living in Jonesboro, AR, the Arkansas income tax and the Arkansas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Arkansas maximum surtax is 11.625%, and the Arkansas sales tax is 6.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.9% to 6.9% in Arkansas.

Goods & Services

ItemJonesboroNational avg.Difference
Haircut $13.56$15.5612.9%
Beauty Salon $22.78$36.1136.9%
Toothpaste $1.55$2.4737.3%
Shampoo $0.78$0.9618.8%
Movie $9.50$10.136.2%
Bowling $4.08$4.7413.8%

Groceries

ItemJonesboroNational avg.Difference
Ground Beef $3.06$3.9823.3%
Fried Chicken $1.24$1.4112.1%
Milk $1.54$2.0625.5%
Potatoes $3.12$2.984.6%
Pizza $8.99$9.475.1%
Beer $8.66$8.791.5%

Health Care

ItemJonesboroNational avg.Difference
Optometrist $70.28$101.0430.4%
Doctor $88.00$107.4418.1%
Dentist $68.00$90.4224.8%
Ibuprofen $7.94$9.2814.4%
Lipitor $414.08$426.502.9%

Housing

ItemJonesboroNational avg.Difference
Home Price $140,400.00$175,700.0020.1%
Avg. Mortgage Payment $835.11$1,133.2326.3%
Apartment Rent $674.00$920.0026.7%

Transportation

ItemJonesboroNational avg.Difference
Gasoline $1.80$1.999.5%
Tire Balancing $34.33$45.7625.0%

Utilities

ItemJonesboroNational avg.Difference
All Electricity$129.46$163.8121.0%
Phone $25.00$28.3911.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Sedgwick, AR16273-27%
Egypt, AR10874-26%
Cash, AR31876-24%
Trumann, AR7,22277-23%
Bay, AR2,02077-23%
Jonesboro, AR70,21785-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Goodyear, AZ70,1481022%
Rapid City, SD70,12693-7%
Loveland, CO70,0931077%
Boynton Beach, FL70,355100-0%
Dale City, VA70,38112222%
Jonesboro, AR70,21785-15%
Source: The Jonesboro, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.