The city of Phoenix, Arizona (zip code 85020) is a great destination for people looking for a relatively affordable place to rent. A two bedroom rental here costs approximately $1,620 per month. This is significantly lower than the US average of $1,430. Not only is the rent lower, but local grocery prices are also quite affordable with an index of 97 compared to the US average of 100.
Moreover, living in Phoenix offers plenty of opportunities for entertainment and recreation. A number of popular businesses call this city home including Fry’s Food and Drug, Amazon Fulfillment Center, Learning Care Group Inc., Avnet Headquarters, and Los Altos Ranch Market. Phoenix also boasts a multitude of cultural attractions like museums, theaters, art galleries and more that make it an ideal place to settle down or visit for a weekend getaway.
Phoenix (zip 85020) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85020) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.2%, which is higher than the US average of 33.5%.
Tax Rates for Phoenix (zip 85020)
- The Sales Tax Rate for Phoenix (zip 85020) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85020) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Phoenix (zip 85020)
- The average income of a Phoenix (zip 85020) resident is $29,253 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85020) resident is $67,361 a year. The US average is $69,021 a year.