Housing costs in Phoenix?
A typical home costs
$346,500, which is 2.5% more expensive than the national average of
$338,100 and 14.9% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,880 per month, which is 21.3% more than the national average of
$1,550 and 7.4% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85043), Arizona, a minimum annual income of
$66,240 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85043 Phoenix, AZ is relatively low. According to BestPlaces, the overall cost of living index in the area is 83.56, which is 18.44% lower than the U.S. average. The cost of groceries, transportation, and utilities are all lower than the national averages while health care expenses are slightly higher at 5.17% over the national average. Housing costs are also quite affordable with an overall score of 81.74 compared to the U.S. average of 100, making it a great option for those looking for an affordable place to live without sacrificing quality amenities or convenience.