The two bedroom rent in Phoenix AZ, an area code 85053, is $1,550. This is higher than average rent of a two bedroom in the US which is $1,430. Phoenix has a Grocery Cost Index score of 97 which is slightly lower than the US average of 100. There are many local companies based in Phoenix AZ such as Freeport-McMoRan Copper & Gold Inc., Avnet Inc., and PetSmart Inc. All three of these companies are headquartered in Phoenix and have been operating for many years.
Phoenix (zip 85053) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85053) 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 85053)
- The Sales Tax Rate for Phoenix (zip 85053) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85053) 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 85053)
- The average income of a Phoenix (zip 85053) resident is $27,801 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85053) resident is $56,495 a year. The US average is $69,021 a year.