In Phoenix, AZ, the average two bedroom rent is $2,140 whereas the average two bedroom rent in the US is $1,430. Additionally, the Grocery Cost Index in Phoenix is equal to the national average at 100. This means groceries are reasonably priced in Phoenix and there are a number of local companies offering goods at this rate. Some well-known places include Fry's Food and Drug, Safeway Food & Drug, Bashas', Fresco y Mas, Food City and Smart & Final Extra!.
Phoenix (zip 85048) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85048) 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 85048)
- The Sales Tax Rate for Phoenix (zip 85048) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85048) 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 85048)
- The average income of a Phoenix (zip 85048) resident is $44,352 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85048) resident is $102,655 a year. The US average is $69,021 a year.