Phoenix, AZ 85040 is an area with affordable housing costs. The 2 bedroom rent for this area is $1,410 compared to the US average of $1,430. Additionally, the grocery cost index in Phoenix, AZ 85040 is 94 versus 100 in the US. With these lower prices, local companies and businesses such as Fry's Marketplace and Safeway have a competitive edge when it comes to providing quality goods and services. Other businesses located in Phoenix, AZ 85040 include Target, Walmart Supercenter, Bed Bath & Beyond, Lowe's Home Improvement Store and Starbucks Coffee. With its affordability and variety of options for shopping and services, Phoenix is an ideal destination for families looking for somewhere to call home.
Phoenix (zip 85040) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85040) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.2%, which is higher than the US average of 33.5%.
Tax Rates for Phoenix (zip 85040)
- The Sales Tax Rate for Phoenix (zip 85040) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85040) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Phoenix (zip 85040)
- The average income of a Phoenix (zip 85040) resident is $14,029 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85040) resident is $48,403 a year. The US average is $69,021 a year.