Phoenix, AZ has an average 2 bedroom rent of $2,570 per month, which is significantly higher than the national average of $1,430. This difference in rent prices can be attributed to various factors such as a high demand for rental properties and a limited supply. Companies like Skyline Property Management, PCI Rentals and Red Arrow Real Estate Solutions are some of the many local companies that provide rental services in Phoenix.
The Grocery Cost Index (GCI) for Phoenix is around 101 versus 100 nationally. Although there is only a small difference in GCI between Phoenix and the rest of the US, it can still have an effect on grocery prices in the area. Overall, Phoenix has higher rents than most other parts of the country but slightly lower groceries costs.
Phoenix (zip 85083) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85083) 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 85083)
- The Sales Tax Rate for Phoenix (zip 85083) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85083) 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 85083)
- The average income of a Phoenix (zip 85083) resident is $52,866 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85083) resident is $136,577 a year. The US average is $69,021 a year.