Housing costs in Phoenix?
A typical home costs
$497,700, which is 47.2% more expensive than the national average of
$338,100 and 22.2% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,880 per month, which is 21.3% more than the national average of
$1,550 and 7.4% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85016), Arizona, a minimum annual income of
$95,400 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85016 Phoenix, AZ is relatively moderate. According to BestPlaces, the overall cost of living index is rated at 95.59, which is just slightly lower than the national average of 100. Housing in particular is quite affordable, with an index score of 77 - much lower than other cities across the United States. Groceries are also fairly priced with an index rating of 97.2, and utilities have an index score of 108.7. Overall, residents can expect a reasonable cost of living in this area without having to sacrifice too much quality of life.