Housing costs in Phoenix?
A typical home costs
$374,900, which is 10.9% more expensive than the national average of
$338,100 and 8.0% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,860 per month, which is 20.0% more than the national average of
$1,550 and 6.5% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85027), Arizona, a minimum annual income of
$72,000 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85027 Phoenix, AZ is quite affordable. According to BestPlaces, the overall cost of living index in this zip code is 88.12 which is lower than the national average. Housing prices are relatively low compared to other cities, with an average rent for a one bedroom apartment coming in at about $823 per month. Groceries and basic necessities are also quite affordable here, with an estimated cost of around $350 per month for a single person. Additionally, public transportation is reasonable and reliable, with monthly passes available for around $60. Overall, 85027 Phoenix offers excellent value when it comes to cost of living.