Housing costs in Phoenix?
A typical home costs
$639,700, which is 89.2% more expensive than the national average of
$338,100 and 57.0% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,770 per month, which is 14.2% more than the national average of
$1,550 and close to the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85012), Arizona, a minimum annual income of
$122,400 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85012 Phoenix, AZ is generally considered to be affordable. The median home value in the area is around $240,000, and rents are typically between $850-$1,200 per month for a one-bedroom apartment. Groceries and other essentials are also generally reasonable. Despite being an urban area, transportation costs tend to be quite low due to the city's wide network of public transit options. Additionally, taxes in Arizona are lower than in many other states, providing residents with more disposable income. All of these factors make living in 85012 Phoenix, AZ an attractive option for those looking for a reasonably priced place to call home.