Housing costs in Phoenix?
A typical home costs
$376,600, which is 11.4% more expensive than the national average of
$338,100 and 7.6% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,720 per month, which is 11.0% more than the national average of
$1,550 and close to the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85042), Arizona, a minimum annual income of
$72,000 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85042 Phoenix, AZ is relatively low compared to other cities in the country. The median home price for a single-family home is around $189,000, with the average rent coming in at around $1,200 per month. Groceries and utility costs are also significantly lower than the national averages. Additionally, Phoenix has no state income tax and Arizona has some of the lowest property taxes in the United States. This makes living in 85042 Phoenix, AZ an affordable option for many individuals and families alike.