Housing costs in Phoenix?
A typical home costs
$393,200, which is 16.3% more expensive than the national average of
$338,100 and 3.5% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,630 per month, which is 5.2% more than the national average of
$1,550 and 6.7% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85023), Arizona, a minimum annual income of
$75,240 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85023 Phoenix, AZ is quite reasonable. The median home value is $288,600, which is slightly higher than the national average. However, grocery costs, utilities such as electricity and gas, and healthcare are all lower than the national average. Overall, the cost of living in this area is well below the national average, making it an attractive option for those looking for an affordable place to live.