Housing costs in Phoenix?
A typical home costs
$448,100, which is 32.5% more expensive than the national average of
$338,100 and 10.0% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,890 per month, which is 21.9% more than the national average of
$1,550 and 7.9% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85004), Arizona, a minimum annual income of
$85,680 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85004 Phoenix, AZ is fairly reasonable for a major metropolitan area. Housing prices are slightly below the national average, with median home values around $170,000. The cost of groceries and other necessities are also on par with the US average. Public transportation is accessible and affordable, and there are plenty of restaurants, shopping malls, parks, and other amenities in the area. Overall, 85004 Phoenix offers an excellent quality of life at a very reasonable price point.