Housing costs in Phoenix?
A typical home costs
$628,900, which is 86.0% more expensive than the national average of
$338,100 and 54.4% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,630 per month, which is 69.7% more than the national average of
$1,550 and 33.8% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85045), Arizona, a minimum annual income of
$120,600 for a family, and
$88,400 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85045 Phoenix, AZ is generally considered to be quite high. With an average rent of $1,000 per month for a one bedroom apartment and housing prices ranging from around $200,000 to upwards of $400,000, it can be difficult to find affordable housing. The cost of groceries and other amenities are also fairly high compared to other parts of the U.S., so overall expenses can add up quickly when living in the 85045 area code.