Housing costs in Phoenix?
A typical home costs
$433,500, which is 28.2% more expensive than the national average of
$338,100 and 6.4% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,570 per month, which is 1.3% more than the national average of
$1,550 and 10.8% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85032), Arizona, a minimum annual income of
$83,160 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85032 Phoenix, AZ is slightly higher than the national average. The overall cost of living index score for this zip code is 106.2, which means it is 6.2% more expensive to live here than the national average. Housing costs are particularly high, with an index score of 134, meaning that housing costs are 34% more expensive than the national average. Other expenses such as food and transportation are about the same or slightly cheaper than the national average. In general, the cost of living in 85032 Phoenix, AZ is higher than many other areas in the country but still has a much lower cost of living than many major cities in the US.