Housing costs in Phoenix?
A typical home costs
$469,800, which is 39.0% more expensive than the national average of
$338,100 and 15.3% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,040 per month, which is 31.6% more than the national average of
$1,550 and 14.7% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85044), Arizona, a minimum annual income of
$90,000 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85044 Phoenix, AZ is relatively low compared to many other cities in the United States. The median home price for the area is around $237,000 which is significantly lower than national averages. Rent prices are also quite reasonable with an average of around $1,200 per month for a two bedroom apartment. Groceries, utilities and transportation costs are all relatively affordable making it possible for most people to live comfortably within their means. In addition, there are numerous dining and entertainment options available at very reasonable prices throughout the city.