Housing costs in Tempe?
A typical home costs
$434,100, which is 28.4% more expensive than the national average of
$338,100 and 6.6% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Tempe costs
$1,910 per month, which is 23.2% more than the national average of
$1,550 and 8.9% more than the state average of
$1,740.
Can I afford Tempe?
To live comfortably in Tempe (zip 85283), Arizona, a minimum annual income of
$83,160 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Tempe?
The cost of living in 85283 Tempe, AZ is relatively high due to its proximity to downtown Phoenix and the university. The median home price as of February 2021 is $340,000, which has increased significantly since the beginning of the year. Rent prices are similarly high with a one bedroom apartment costing an average of $1,330 per month. Other household necessities such as groceries and transportation are also above average in cost. Despite this, many people choose to live in Tempe because of its excellent job opportunities and access to culture and recreational activities.