Cost of Living in Jonesboro, AR

Housing

The housing market plays a significant role in determining the cost of living in Jonesboro, AR.

• Housing Index: 85.0 / 100
• Median Home Price is: $208000
• Average Rent (2 BR Apartment): $950 per month
• Average Rent (2 BR House): $916 per month

Considering a move to Jonesboro, AR? With a housing index of 85.0, it suggests a buyer-friendly market where homeownership remains accessible. The median home price of 208000 is relatively affordable compared to national averages, making homeownership a viable option. Renting remains economical as well, with an average rent for a 2-bedroom apartment at 950 and a 2-bedroom house for 916. Be mindful that the area's amenities, job growth, and schools can further influence your decision, ensuring you select a place that aligns with your lifestyle and budget.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jonesboro, AR.

• Electricity Price: 12.36 USD (median by state)
• Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Jonesboro, AR could entail higher utility costs. Electricity costs sit at 12.36, while natural gas is priced at 17.08 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $51124

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Jonesboro, AR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.