Housing costs in Tempe?
A typical home costs
$418,300, which is 23.7% more expensive than the national average of
$338,100 and 2.7% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Tempe costs
$1,900 per month, which is 22.6% more than the national average of
$1,550 and 8.4% more than the state average of
$1,740.
Can I afford Tempe?
To live comfortably in Tempe (zip 85282), Arizona, a minimum annual income of
$80,280 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Tempe?
The cost of living in 85282 Tempe, AZ is relatively high. According to Sperling's Best Places, the overall cost of living index in Tempe is 115.4, which is 15.4 points higher than the US average of 100. Housing costs in particular are significantly higher with a median home price of $262,000 and monthly rents averaging around $1,500 per month. Other costs such as groceries, health care, and utilities tend to be on par or slightly above average for Arizona and the rest of the United States. Overall, those looking to move to Tempe should budget accordingly since the cost of living can be quite high.