Housing costs in Rio Verde?
A typical home costs
$793,800, which is 134.8% more expensive than the national average of
$338,100 and 94.8% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Rio Verde costs
$1,660 per month, which is 16.1% more than the national average of
$1,430 and 6.6% more than the state average of
$1,550.
Can I afford Rio Verde?
To live comfortably in Rio Verde, Arizona, a minimum annual income of
$151,920 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Rio Verde?
The cost of living in Rio Verde, AZ is quite reasonable compared to other cities and towns in the state. The median home value in Rio Verde is $354,400 which puts it significantly lower than the Arizona median of $254,800. Renting also tends to be more affordable here with a median rent price of $1,097 compared to Arizona's overall median of $1,261. Groceries are relatively low-priced too with prices for some items being up to 23% lower than the national average. Additionally, utilities such as electricity and water tend to be on the lower side when compared to other places in Arizona. All these factors make the cost of living in Rio Verde much more attractive and accessible than many other places in Arizona.