Phoenix Cost of Living

Cost of Living

Greater Phoenix: Affordable living without sacrificing excitement

Greater Phoenix offers the diverse amenities of a major metropolitan region, without the high cost of living. As one of the most dynamic and rapidly growing regions in the nation, living and working here is both exciting and affordable.

Lower Cost of Living

Greater Phoenix scores below the national average in cost of living categories such as groceries, housing, utilities, transportation and healthcare.

Affordable Housing

Greater Phoenix offers diverse housing options throughout each of its communities, aiding in a more affordable cost of living throughout the entire region.

Low Tax Position

Low personal income taxes and low effective property tax rates offer affordability and opportunities for everyone to thrive.

Greater Phoenix: By the Numbers

$321359K

The median home price of $321,359 puts the region below the national average for housing costs

Source: Zillow Research & Data, January 2021

$67896

The median household income in Greater Phoenix is $67,896

Source: ACS 2019 1-Year Estimates

2.59%

Personal income tax rates range from 2.59% to 8.00%

More than a low-cost region, Greater Phoenix offers an exceptional quality of life.

GPEC services

City

Median Two Bedroom Price

Salt Lake City $1,453
Las Vegas $1,482
Austin $1,529
Charlotte $1,538
Phoenix $1,559
Minneapolis $1,570
Dallas $1,587
Nashville $1,626
Atlanta $1,627
Orlando $1,631
Portland $1,672
Chicago $1,728
Denver $1,759
Seattle $1,920
Miami $1,942
Boston $2,303
San Diego $2,348
New York $2,552
Los Angeles $2,553
San Jose $2,940
San Francisco $2,956

Source: Zillow Research & Data, January 2021

Phoenix Cost of Living

Affordable Lifestyle With an Inclusive Culture

Greater Phoenix has something for everyone — regardless of lifestyle or interests. The region provides an affordable lifestyle while offering all of the amenities, activities, and events expected of a major metropolitan region. Just because the cost of living in Phoenix is lower doesn’t mean your quality of life is compromised, in fact, it is quite the opposite. Enjoy everything Greater Phoenix has to offer with the money you save from the affordable cost of living here!

Phoenix Cost of Living

Affordable Housing

Housing is especially affordable in the region, and residents can choose from urban environments with high-rise condominiums to traditional neighborhoods with historic homes to luxury mountainside estates. City developers have worked to provide different styles of communities and housing options to fit the needs of a large population. Whatever style home you prefer can be found in Greater Phoenix at an affordable cost.

Phoenix Cost of Living

More to Spend on Attractions

With the Phoenix cost of living rating below the national average, residents can spend more time enjoying the arts and culture scene, and thousands of attractions and events throughout the region — rather than spending their money on costly housing.