Housing costs in Phoenix?
A typical home costs
$303,100, which is 10.4% less expensive than the national average of
$338,100 and 25.6% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,440 per month, which is 7.1% cheaper than the national average of
$1,550 and 20.8% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85019), Arizona, a minimum annual income of
$57,960 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85019 Phoenix, AZ is fairly reasonable compared to many other parts of the country. The median home value in this area is around $240,000, which is significantly lower than the national average. Renters can find a variety of apartments and homes for rent at very competitive prices. Grocery costs are also low, with a typical grocery bill averaging about $50 per person per week. Gas prices tend to be slightly lower than the national average as well. In general, Phoenix offers residents a good balance between affordability and quality of life.