Housing costs in Phoenix?
A typical home costs
$332,400, which is 1.7% less expensive than the national average of
$338,100 and 18.4% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,630 per month, which is 5.2% more than the national average of
$1,550 and 6.7% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85037), Arizona, a minimum annual income of
$63,720 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85037 Phoenix, AZ is relatively affordable compared to other areas of the country. The average rent for a one-bedroom apartment is around $850 per month, and groceries cost about 4 percent above the national average, though utilities are about 12 percent below the national average. Other common expenses such as gas, car insurance, and health care are all priced reasonably compared to other cities. In addition, there are several entertainment options available that make it easy to enjoy life without breaking the bank.