85553 Tonto Basin is a small town in Arizona located about an hour north of the Phoenix-Mesa metro area. This area has a population of about 1,500 and is composed primarily of retirees. The two bedroom rent here is $1,070 per month which is much lower than the national average of $1,430. In addition to affordable rent, the grocery cost index in this area is 95 compared to 100 in the US which makes it great for people on a budget.
The local economy is supported by small businesses such as ABC Hardware Store, Big Lake General Store and Landa’s Grocery. The community also hosts several annual events such as the Tonto Basin Stampede Rodeo and Fourth of July Parade. These events draw visitors from all around the region who come to enjoy fun activities and support local businesses.
Tonto Basin (zip 85553) has an unemployment rate of 6.7%. The US average is 6.0%.
Tonto Basin (zip 85553) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Tonto Basin (zip 85553)
- The Sales Tax Rate for Tonto Basin (zip 85553) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Tonto Basin (zip 85553) 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 Tonto Basin (zip 85553)
- The average income of a Tonto Basin (zip 85553) resident is $25,463 a year. The US average is $28,555 a year.
- The Median household income of a Tonto Basin (zip 85553) resident is $32,125 a year. The US average is $69,021 a year.