Housing costs in Phoenix?
A typical home costs
$769,100, which is 127.5% more expensive than the national average of
$338,100 and 88.8% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Phoenix costs
$2,300 per month, which is 48.4% more than the national average of
$1,550 and 24.3% more than the state average of
$1,740.
Can I afford Phoenix?
To live comfortably in Phoenix (zip 85254), Arizona, a minimum annual income of
$147,240 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Phoenix?
The cost of living in 85254 Phoenix, AZ is higher than the national average. The housing market is extremely competitive, and the median home price is well over $400,000. Additionally, the cost of groceries, transportation, and utilities are all above average for this area. Though wages can be high in some industries like technology and finance, overall wages tend to be lower than other parts of the country. Therefore, it's important to keep a budget when living in 85254 Phoenix, AZ in order to make ends meet.