Housing costs in Phoenix?
A typical home costs
$593,600, which is 75.6% more expensive than the national average of
$338,100 and 45.7% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,520 per month, which is 62.6% more than the national average of
$1,550 and 31.0% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85050), Arizona, a minimum annual income of
$113,760 for a family, and
$84,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85050 Phoenix, AZ is quite reasonable. The median home price in the area is $245,000, which is much lower than the national median. Renting an apartment can be reasonably priced too. The average cost of rent for a one-bedroom apartment is around $925 per month. When it comes to groceries and other necessities, prices are fairly comparable to the national average. All in all, 85050 Phoenix, AZ offers an affordable place to live without sacrificing quality of life or access to amenities and resources.