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14 JONESBORO REGIONAL CHAMBER OF COMMERCE | City Guide 2025Jonesboro consistently ranks as one of the most budget-friendly places to live in the U.S. With everyday expenses like groceries, utilities, transportation, and healthcare regularly falling below the national average, the city's overall cost of living is 17% lower than the U.S. average.Looking for a great neighborhood? Jonesboro offers a range of neighborhoods to fit any lifestyle and budget, making homeownership and renting accessible options. Property taxes are calculated at 20% of fair market value, while the combined sales tax rate is 8.5% (6.5% state, 1% Craighead County, and 1% city).Whether you're looking to put down roots or make a smart financial move, Jonesboro's affordability makes it easy to enjoy a high quality of life without the high price tag.Affordable &Amazing*Source: Cost of Living Index, Council for Community and Economic Research, Annual Report 2024, Published January 2025.