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


The median home price of $256,000 puts the region below the national average for housing costs


The median household income in Greater Phoenix is $55,227


Personal income tax rates range from 2.59% to 4.54%

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

GPEC services


Median Two Bedroom Price

Phoenix $1,050
Salt Lake City $1,064
Dallas $1,111
Charlotte $1,124
Las Vegas $1,142
Minneapolis $1,144
Nashville $1,127
Atlanta $1,187
Orlando $1,279
Chicago $1,270
Denver $1,350
Miami $1,357
Portland $1,337
Austin $1,420
Seattle $1,673
Los Angeles $1,755
San Diego $2,035
Boston $2,102
New York $2,509
San Jose $2,644
San Francisco $3,103

*Source: Apartment List, September 2018

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.