Housing costs in Phoenix?
A typical home costs
$418,500, which is 23.8% more expensive than the national average of
$338,100 and 2.7% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$1,900 per month, which is 22.6% more than the national average of
$1,550 and 8.4% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85022), Arizona, a minimum annual income of
$80,280 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in Phoenix, AZ is relatively low compared to other large cities. According to the most recent data, the median household income in 85022 Phoenix is $46,828 and the median home value is $163,500. The median rent is $1,133 per month and utilities average around $150 per month. The overall cost of living in Phoenix is 8% lower than the national average; groceries are 11% lower than the national average and health care costs 5% less. With its affordable housing options and low cost of living, Phoenix can be a great place to call home.