Jonesboro, AR

Very Low · 66

Arkansas · Population 79,187 · Updated March 2026

$926
Median Rent / Month
$52,559
Median Income
$213,400
Median Home Value
$931
Owner Costs / Month

Affordability

How far your income goes in Jonesboro

21.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Arkansas

State-level tax rates that affect your costs

4.4%
Income Tax (Top Rate)
6.5%
Sales Tax
0.62%
Property Tax Rate

Estimated Annual Costs

$11,112
Annual Rent
$2,313
State Income Tax
$1,323
Property Tax (est.)

Cost of Living Overview

Jonesboro is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Jonesboro residents can expect to pay median rent of $926/month while earning a median household income of $52,559/year.

The median home value in Jonesboro, AR is $213,400, with typical monthly owner costs around $931 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Arkansas has a moderate income tax rate of 4.4%. Combined with a 6.5% sales tax rate and 0.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Jonesboro.

Frequently Asked Questions

Common questions about living costs in Jonesboro

What is the cost of living in Jonesboro, AR?
The cost of living index in Jonesboro, AR is 66 (US average = 100). Median monthly rent is $926, median household income is $52,559/year, and the median home value is $213,400.
Is Jonesboro, AR affordable?
Yes, Jonesboro is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 21.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Jonesboro, AR?
The median gross rent in Jonesboro, AR is $926 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,112.
What is the median household income in Jonesboro?
The median household income in Jonesboro, AR is $52,559 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Arkansas?
Arkansas has a top income tax rate of 4.4%, a sales tax of 6.5%, and an effective property tax rate of 0.62%.