Housing costs in Rainbow City?
A typical home costs
$163,300, which is 51.7% less expensive than the national average of
$338,100 and 59.9% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Rainbow City costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,550.
Can I afford Rainbow City?
To live comfortably in Rainbow City, Arizona, a minimum annual income of
$31,320 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Rainbow City?
The cost of living in Rainbow City, AZ is quite affordable. Housing costs are very reasonable, with the median home price being around $135,000. The cost of food and other necessities such as clothing and childcare are also quite low compared to other areas in Arizona. Additionally, Rainbow City enjoys a low tax rate for both businesses and individuals which keeps the overall cost of living down even more. Consequently, Rainbow City is a great place to live if you’re looking for an affordable lifestyle without sacrificing quality of life.