Phoenix, Arizona is a great city for anyone looking for a place to rent. The two bedroom rent in Phoenix is $1,530 which is just slightly higher than the average US rent of $1,430. The grocery cost index in Phoenix is 95 versus 100 in the US, so living expenses are generally lower in comparison to the rest of the country. There are plenty of local businesses that are available to help residents out with their needs. For example, Fry's Food Stores offer food and other essentials while AZ Furniture Store provides a variety of furniture styles that will suit any taste or budget. Other businesses include Target, Kroger Pharmacy, Desert View Care Center and University of Phoenix Stadium for all kinds of entertainment and activities. With its affordable housing and convenient local services, Phoenix is an ideal place to live!
Phoenix (zip 85031) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85031) 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 85031)
- The Sales Tax Rate for Phoenix (zip 85031) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85031) 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 85031)
- The average income of a Phoenix (zip 85031) resident is $19,149 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85031) resident is $56,185 a year. The US average is $69,021 a year.