Housing costs in Lake of the Woods?
A typical home costs
$185,200, which is 45.2% less expensive than the national average of
$338,100 and 54.5% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Lake of the Woods costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 53.5% cheaper than the state average of
$1,550.
Can I afford Lake of the Woods?
To live comfortably in Lake of the Woods, Arizona, a minimum annual income of
$35,640 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Lake of the Woods?
The cost of living in Lake of the Woods, AZ is significantly lower than most areas in Arizona. The median home price in Lake of the Woods is around $125,000, which is well below the median statewide price of $229,500. Additionally, the cost of living index for Lake of the Woods is only 91.2 compared to the national average of 100, meaning that overall costs are cheaper than the national average. Groceries, utilities and healthcare all tend to be under the national average when it comes to pricing. All in all, Lake of the Woods is a great place to live with an incredibly low cost of living.