Housing costs in Phoenix?
A typical home costs
$388,200, which is 14.8% more expensive than the national average of
$338,100 and 4.7% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,980 per month, which is 27.7% more than the national average of
$1,550 and 12.1% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85353), Arizona, a minimum annual income of
$74,520 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85353 Phoenix, AZ is relatively high compared to other cities. According to BestPlaces, the cost of living index in 85353 Phoenix is rated at 88.7 which is slightly higher than the national average of 86.5. The basic necessities such as groceries, transportation and health care are all more expensive than they are elsewhere; however, there are also plenty of opportunities for entertainment and recreation with relatively affordable prices. Overall, residents of 85353 Phoenix can expect to pay a bit more for the convenience and amenities that come with living in this vibrant city.