Housing costs in Phoenix?
A typical home costs
$810,400, which is 139.7% more expensive than the national average of
$338,100 and 98.9% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,690 per month, which is 9.0% more than the national average of
$1,550 and 3.0% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85018), Arizona, a minimum annual income of
$155,160 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85018 Phoenix, AZ is quite reasonable compared to other cities in the United States. The median home price for the area is approximately $250,000, which is significantly lower than many other cities with similar amenities. Rent for an apartment or house is also relatively low, ranging between $700 and $1,100 per month depending on size and location. Additionally, utilities are typically affordable and public transportation options are available. Overall, Phoenix provides a diverse array of housing options at an affordable cost.