Housing costs in Phoenix?
A typical home costs
$373,500, which is 10.5% more expensive than the national average of
$338,100 and 8.3% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,550 per month, which is 0.0% cheaper than the national average of
$1,550 and 12.3% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85053), Arizona, a minimum annual income of
$71,640 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85053 Phoenix, AZ is moderate compared to the rest of the nation. Groceries, healthcare, and transportation costs are all slightly higher than the average for the US. Housing prices in 85053 Phoenix, AZ are quite reasonable by comparison to other areas in Arizona, and rent is generally affordable. Utilities can add up depending on usage but overall expenses here are manageable when budgeting properly.