Housing costs in Arizona?
A typical home costs
$407,400, which is 20.5% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Arizona costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and close to the state average of
$1,550.
Can I afford Arizona?
To live comfortably in Arizona, a minimum annual income of
$78,120 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Arizona?
Arizona State is an affordable place to live. The cost of living in Arizona State is 13% below the national average, making it much more affordable than other places. Everything from groceries to housing is cheaper in Arizona compared to other states in the country. The median home value in Arizona is around $236,400, which is lower than many other states across the U.S. Additionally, rent costs are also lower than average, with an average one bedroom apartment costing around $910 a month and a three bedroom apartment costing about $1,250 a month. Gas and utilities tend to be slightly higher than average but are still generally quite affordable. In short, living comfortably in Arizona State doesn't have to break the bank!