85007 Phoenix, AZ is a great place to live due to its affordability and notable local companies. The average two-bedroom rent in 85007 Phoenix, AZ is only $1,330, which is significantly lower than the US average of $1,430. Additionally, groceries in 85007 Phoenix, AZ are even more affordable with the Grocery Cost Index at 97 compared to 100 in the US. Local companies worth highlighting in 85007 Phoenix are Home Depot, Target, Walmart and Safeway. These stores offer both necessary items for household use and groceries for everyday meals. For those looking for an affordable place to live with access to necessary amenities nearby, 85007 Phoenix is a great choice.
Phoenix (zip 85007) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85007) has seen the job market decrease by -2.0% 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 85007)
- The Sales Tax Rate for Phoenix (zip 85007) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85007) 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 85007)
- The average income of a Phoenix (zip 85007) resident is $25,613 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85007) resident is $43,716 a year. The US average is $69,021 a year.