Housing costs in Phoenix?
A typical home costs
$378,600, which is 12.0% more expensive than the national average of
$338,100 and 7.1% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,620 per month, which is 4.5% more than the national average of
$1,550 and 7.4% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85020), Arizona, a minimum annual income of
$72,720 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85020 Phoenix, AZ is somewhat higher than the national average. Rent for a one-bedroom apartment typically ranges from $900 to $1300 per month. Groceries and other essential items have also risen over the last few years, although there are still bargains to be had if you look around. The city of Phoenix also has high sales taxes, which can increase the cost of day-to-day purchases. Additionally, gasoline prices in Arizona are usually higher than the rest of the country. All in all, while living in 85020 Phoenix may be slightly more expensive than other areas, it is still an affordable place to live and work.