Housing costs in Phoenix?
A typical home costs
$565,500, which is 67.3% more expensive than the national average of
$338,100 and 38.8% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,570 per month, which is 65.8% more than the national average of
$1,550 and 32.3% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85083), Arizona, a minimum annual income of
$108,360 for a family, and
$86,400 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85083 Phoenix, AZ is relatively low compared to other cities in the United States. According to BestPlaces, the cost of living index for this zip code is 75.16, which is lower than the U.S average of 100. Housing costs are generally very affordable here with an average rent for a one-bedroom apartment close to $750 per month and the median home price around $262,000. Groceries are also fairly inexpensive with most items costing around 22% less than the national average. Transportation costs are manageable as well, with gas prices below the national average and public transportation options available throughout the city.