Housing costs in Phoenix?
A typical home costs
$409,300, which is 21.1% more expensive than the national average of
$338,100 and 0.5% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,330 per month, which is 14.2% cheaper than the national average of
$1,550 and 30.8% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85007), Arizona, a minimum annual income of
$78,480 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Phoenix?
Living in 85007 Phoenix, AZ is relatively affordable compared to other areas in the US. The cost of living index is 88.8, which is 12 percent lower than the national average. Rent for a one-bedroom apartment ranges from $400 to $1500 per month, while the median home price is around $195,000. Transportation costs are low as well, with people often opting to drive instead of use public transit due to the large amount of available parking and easy access to highways. Overall, living in 85007 Phoenix, AZ provides its residents with an affordable lifestyle without compromising on quality or comfort.