Housing costs in Phoenix?
A typical home costs
$353,300, which is 4.5% more expensive than the national average of
$338,100 and 13.3% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,600 per month, which is 3.2% more than the national average of
$1,550 and 8.7% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85041), Arizona, a minimum annual income of
$67,680 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85041 Phoenix, AZ is slightly higher than the national average due to its proximity to downtown Phoenix. Because of the city's prime location, rent prices and other housing costs such as utilities are significantly higher than other parts of the state. Groceries, transportation, and medical care are all more expensive than average as well. Despite the higher costs associated with living in this area, it remains a popular choice due to its convenience, cultural attractions, and low crime rate.