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Is Phoenix Arizona expensive to live in?

Is Phoenix Arizona expensive to live in?

Phoenix has been named the most expensive city to live and drive in, based on how much residents’ income goes toward those two things. Using data from 2016, the analysis found Phoenix households spend 27% of their income on housing, and 25% on transportation.

What is the average cost of living in Phoenix AZ?

Phoenix cost of living is 103.7

COST OF LIVING Phoenix Arizona
Grocery 97.3 96.1
Health 92.2 95.2
Housing 103.5 107.8
Median Home Cost $239,400 $249,300

What is the cost of living index in Phoenix Arizona?

Comparison Highlights

Cost of Living Indexes Phoenix, AZ Difference
Overall Index: Homeowner, No Child care, Taxes Not Considered 103.7 17.6% less
Food & Groceries 97.3 2.7% less
Housing (Homeowner) 103.5 45.7% less
Median Home Cost $239,400 $109,400 (45.7% less)

Is Phoenix Arizona cheap?

Of the 15 biggest U.S. cities. Phoenix was the cheapest — and a universe cheaper than San Francisco, New York and Los Angeles. Apartments on average are far cheaper in Phoenix than other big cities. The average two-bedroom rent in Phoenix is $958.

Why is rent so high in Phoenix?

PHOENIX — The cost of renting an apartment or home in the Phoenix area continues to go up, and it’s a consequence of the booming real estate market. People who need a place to rent are stuck with few or no options and some are even getting pushed out of their existing rentals.

How much do you need to make to live comfortably in Phoenix AZ?

According to the site, the income needed in Phoenix is $48,876. The article considers 50 percent for necessities, 30 percent for discretionary spending and 20 percent for savings. In Tucson, the income required is $39,966 and is the lowest number of the 50 cities. For Mesa, the needed income is listed as $42,654.

What salary do you need to live in Arizona?

To live comfortably in Arizona, a renter should earn at least $4,635 before taxes each month. This translates to an annual pre-tax salary of $55,620. You can use our rent calculator to help you determine how much you can afford to spend on rent each month.

How much money do you need to make to live comfortably in Arizona?

What is the highest paid job in Arizona?

Detailed List Of Highest Paying Jobs In Arizona

Rank Job Title Average Salary
1 Anesthesiologists $285,470
2 Surgeons, Except Ophthalmologists $284,260
3 Psychiatrists $259,170
4 Physicians, All Other; And Ophthalmologists, Except Pediatric $240,750

Is now a good time to buy a house in Phoenix AZ?

While home prices in Phoenix have soared and inventory is extremely limited, the good news is that mortgage rates are still pretty competitive on a national level. And that extends to rates in Arizona as well. And if you can swing a 15-year mortgage, you might score a rate as low as 2.4%.

How much does it cost to live in Phoenix AZ?

Cost of Living in Phoenix. Summary about cost of living in Phoenix: Four-person family monthly costs: 2,989.51$ without rent (using our estimator). A single person monthly costs: 852.52$ without rent.

How much does it cost to eat in Phoenix AZ?

Food Update prices Basic lunchtime menu (including a drink) $15 Combo meal in fast food restaurant (big $8 500 gr (1 lb.) of boneless chicken breas $3.73 1 liter (1 qt.) of whole fat milk $0.72

How much does a taxi cost in Phoenix AZ?

Phoenix has 4 th Most Expensive Taxi 1hour Waiting (Normal Tariff), Transportation in America out of 72 cities). See more Price Rankings for Phoenix, AZ The price of Eggs (regular) (12) in the year 2012 in Phoenix was 2.07$.

How does ease of driving affect cost of living in Phoenix?

Overall, the time and ease of your driving times will impact your cost of living, since driving in heavy and slow moving traffic uses a lot of gas. Phoenix, Arizona has an ease of driving ranking of 44 and is considered pretty good overall for commuters. ( 2021-06-28 )