Housing costs in Phoenix?
A typical home costs
$322,100, which is 4.7% less expensive than the national average of
$338,100 and 20.9% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,610 per month, which is 3.9% more than the national average of
$1,550 and 8.1% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85051), Arizona, a minimum annual income of
$61,560 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in Phoenix, AZ (85051) is relatively affordable compared to other cities across the nation. According to BestPlaces, the cost of living index in Phoenix is 78.28 which is lower than the US average of 100. The average monthly cost for housing and utilities is approximately $837, while food and groceries are slightly more expensive at around $298 per month. Transportation costs are also relatively low at an estimated $202 per month, making it easy for residents to get around town without breaking the bank. Despite being fairly affordable, Phoenix is still home to a wide range of amenities and attractions that make it an ideal place to live.