Housing costs in Phoenix?
A typical home costs
$608,000, which is 79.8% more expensive than the national average of
$338,100 and 49.2% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,140 per month, which is 38.1% more than the national average of
$1,550 and 18.7% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85028), Arizona, a minimum annual income of
$116,640 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85028 Phoenix, AZ is relatively low compared to other cities across the country. The average median household income is approximately $58,000, which means that most people are able to comfortably afford the basic necessities of life. Additionally, housing costs remain quite affordable, with the median home value being around $245,000 and a median rent of around $1,400 per month. Groceries and utilities also tend to be below the national average. In short, living in 85028 Phoenix can be quite affordable for those looking for an affordable city to live in.