Housing costs in Phoenix?
A typical home costs
$471,500, which is 39.5% more expensive than the national average of
$338,100 and 15.7% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,110 per month, which is 36.1% more than the national average of
$1,550 and 17.5% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85024), Arizona, a minimum annual income of
$90,360 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85024 Phoenix, AZ is relatively affordable compared to other cities. According to Sperling's Best Places, the overall cost of living index in Phoenix is 91.6, which means it is 8.4% lower than the national average. Housing costs are particularly low, with median home prices at $235,400 and median rent at around $1,105/month. Groceries and utilities are also quite affordable, with an average of 12% and 13%, respectively below the national averages for these categories. Overall, Phoenix provides a great option for those looking for an affordable place to live without sacrificing on quality of life or amenities.