Cost of Living in Jerome, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.0
100 = national avg
+15.0 vs national average
Living Wage (1 Adult)
$50,587
per year
Living Wage (Family of 4)
$119,570
per year
Cost Index by Category
Housing20.0
Food150.1
Transportation200.2
Healthcare140.1
Utilities114.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$706
per month
2 Bedroom
$927
per month
The overall cost of living index in Jerome is 115.0, which is 15.0% above the national average. Housing costs are below the national average at an index of 20.0. A single adult needs to earn approximately $50,587 per year to cover basic expenses.