Phoenix, AZ is a great place to live! The 2 bedroom rent in Phoenix is slightly higher than the US average at $1,630. To help offset this cost, Phoenix offers residents access to many amenities and local businesses. Companies like Amazon, Bank of America, USAA and U-Haul all have strong presences in the city. There are also plenty of grocery stores with prices that are slightly lower than the national average on a Grocery Cost Index of 96. On top of these great businesses, Phoenix also offers its residents some of the best outdoor activities such as hiking trails and parks like South Mountain Park and Papago Park. With so many options, it’s no wonder why living in Phoenix can be so enjoyable!
Phoenix (zip 85037) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85037) 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 85037)
- The Sales Tax Rate for Phoenix (zip 85037) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85037) 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 85037)
- The average income of a Phoenix (zip 85037) resident is $22,381 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85037) resident is $65,733 a year. The US average is $69,021 a year.