Housing costs in Phoenix?
A typical home costs
$342,300, which is 1.2% more expensive than the national average of
$338,100 and 16.0% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,580 per month, which is 1.9% more than the national average of
$1,550 and 10.1% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85008), Arizona, a minimum annual income of
$65,520 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85008 Phoenix, AZ is relatively reasonable compared to other cities across the US. The median home cost is $221,100 and the median rent for a two-bedroom apartment is $1,068 per month. Groceries are also reasonably priced, with a typical grocery bill averaging just over $58 per week. Utilities like electricity and water are also affordable with the average monthly bill coming in at around $123 per month. Overall, 85008 Phoenix offers great value for money when it comes to living expenses.