Housing costs in Phoenix?
A typical home costs
$281,400, which is 16.8% less expensive than the national average of
$338,100 and 30.9% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,440 per month, which is 7.1% cheaper than the national average of
$1,550 and 20.8% cheaper than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85034), Arizona, a minimum annual income of
$54,000 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85034 Phoenix, AZ is quite reasonable compared to other parts of Arizona and the United States. The overall cost of living index, which combines the costs of goods and services, is slightly below the national average. Housing costs are also relatively low, with an average home price being around $200,000. Groceries, utilities, and transportation expenses are all also on par with the rest of America. All in all, Phoenix is a very affordable city to live in for those looking to stay within their budget.