Jonesboro, AR – (JonesboroRightNow.com) – May 15, 2024 – According to research published on doxo.com, the average household in Jonesboro spends $1,661 monthly ($19,936 yearly) on bills. With the average annual household income totaling $4,677 monthly ($56,135 yearly), these expenses account for approximately 36% of income.
As such, Jonesboro ranks as the 43rd most expensive city in Arkansas regarding household expenses.
Average Monthly Payment in Jonesboro by Bill Type
Mortgage: $1,159
Rent: $871
Auto Loans: $467
Utilities: $243
Health Insurance: $96
Auto Insurance: $95
Cable & Internet: $101
Mobile: $106
Alarm & Security: $84
Life Insurance: $129
Both the average mortgage and rent bills in Jonesboro are lower than the national averages, with mortgage in Jonesboro being $1,159 and rent being $871, and national averages coming in at $1,402 and $1,300, respectively.
Average auto loan cost in Jonesboro is on par with the national average, coming in at $467 in Jonesboro and $496 nationally, with over 75% of the population paying an auto loan.
Top service providers are listed as City Water & Light, Jim Dedman’s Sanitation, and Summit Utilities.
The statistics above are from a 2023 study on Jonesboro expenses. Doxo recently published a broader 2024 study for all of Arkansas that can be found here.
Among several other statistics, the report found that:
- The average Arkansas household pays $1,762 a month for the 10 most common household bills.
- Arkansas’s household expenses, on average, are 17.1% lower than the national average of $2,126.
- Arkansas ranks #48 out of 50 states in terms of average monthly spending.
- Arkansas households spend 37% of their income on household bills.
- Annually, Arkansas residents pay $29 billion in household bills.