Phoenix, AZ is an ideal location for renters looking for two-bedroom apartments. With an average rent of $1,720 in the 85042 zip code, Phoenix is moderately less expensive than the national average of $1,430. Additionally, residents of Phoenix can enjoy a wide range of affordable groceries due to the Grocery Cost Index rating of 97 versus 100 in the US. Many local businesses and amenities are available in Phoenix including restaurants such as Nocawich and La Grande Orange Pizzeria, along with attractions like Talking Stick Resort Arena and Desert Botanical Garden. With its many shops, eateries and recreational activities located throughout the city, renting a two-bedroom apartment in Phoenix is an attractive option for those seeking value with their living arrangements.
Phoenix (zip 85042) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85042) 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 85042)
- The Sales Tax Rate for Phoenix (zip 85042) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85042) 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 85042)
- The average income of a Phoenix (zip 85042) resident is $30,525 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85042) resident is $71,722 a year. The US average is $69,021 a year.