Housing costs in Phoenix?
A typical home costs
$539,000, which is 59.4% more expensive than the national average of
$338,100 and 32.3% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,490 per month, which is 3.9% cheaper than the national average of
$1,550 and 16.8% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85003), Arizona, a minimum annual income of
$103,320 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85003 Phoenix, AZ is relatively affordable. According to BestPlaces's Cost of Living Index, the overall cost of living in 85003 Phoenix, AZ is about 6% lower than the US average. Housing costs are typically lower than the US average due to the city's abundance of moderately priced single-family homes and rental options. Additionally, groceries and transportation also tend to be more affordable than other cities across the country. Overall, 85003 Phoenix, AZ is a great option for those looking for a low cost of living without compromising on quality-of-life amenities like restaurants and entertainment.