Arkansas · Census, HUD and BEA figures · Updated

Cost of Living in Craighead County, AR

Prices around Craighead County, AR run 14.1% below the U.S. average (BEA, the metro area). The typical household there earns $59,548 a year, and HUD puts a two-bedroom at $1,040 a month. Keeping that rent under 30% of income takes about $41,600 a year.

Craighead County, AR at a glance

Median household income

$59,548$4,962 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,040HUD FY2026 Fair Market Rent
Price level (U.S. = 100)85.9-14.1% · BEA, the metro area
Electricity14.1¢per kWh · EIA Residential AR
Population113,249Census ACS 5-year estimate

How much rent can you afford in Craighead County, AR?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,040Monthly market rent
Share of gross income21%Recommended max: 30%
Annual income needed$41,600To meet the 30% standard
Max affordable rent$1,489At 30% of $59,548
0%30% (Affordability standard)100%
Compare against:

How much is rent in Craighead County, AR? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Jonesboro, AR HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Craighead County, AR, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$805$9,660$32,20016.2%
1-Bedroom Apartment$870$10,440$34,80017.5%
2-Bedroom ApartmentBenchmark$1,040$12,480$41,60021%
3-Bedroom Home$1,402$16,824$56,08028.3%
4-Bedroom Home$1,480$17,760$59,20029.8%

Rent in Craighead County, AR, with the wage each unit needs →

What a typical income covers in Craighead County, AR

The 50/30/20 rule applied to the local median of $59,548 a year ($4,962 a month before tax).

Needs (50%)$2,481/moRent ($1,040 2-BR), utilities (~$127/mo), groceries, transit
Wants (30%)$1,489/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$992/moEmergency fund, retirement, paying down loans

What $59,548 leaves after Arkansas taxes

Federal income tax, Social Security, Medicare and Arkansas tax on the local median income. Change the salary to see yours.

$59,548
$20,000$120,000
Filing status:
Gross salary breakdown$59,548
Net 81%
Fed 8%
AR 3%
FICA 8%
Annual take-home$48,250After all taxes
Monthly deposit$4,021Estimated per month
Biweekly paycheck$1,856Every 2 weeks (26/yr)
Effective tax rate19%Total tax burden
Federal income tax$4,966 / yr
Arkansas state income tax$1,777 / yr
FICA (Social Security & Medicare)$4,555 / yr

Living in Craighead County, AR: common questions

What is the median household income in Craighead County, AR?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Craighead County, AR is $59,548 per year (approximately $4,962 per month).

What is the average rent in Craighead County, AR?

The closest official figure is HUD's Fair Market Rent for 2026: $805 for a studio, $870 for one bedroom, $1,040 for two, $1,402 for three and $1,480 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Craighead County, AR expensive to live in?

Prices there run 14.1% below the U.S. average. BEA's regional price parity for the metro area is 85.9, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Craighead County, AR?

To keep a $1,040 two-bedroom under 30% of gross income, a household needs about $41,600 a year, or $3,467 a month. That is 70% of what the typical household in Craighead County, AR earns.

How much do you need to live comfortably in Craighead County, AR?

On the local median income of $59,548 ($4,962 a month before tax), the 50/30/20 rule leaves $2,481 a month for needs like rent, utilities and groceries, $1,489 for everything else and $992 for savings or debt. A two-bedroom at $1,040 takes 42% of the needs share.

How much is the electric bill in Craighead County, AR?

Homes in Arkansas paid 14.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $127. Your bill depends mostly on heating and cooling.