Phoenix Cost of Living

Cost of Living

Enjoy a Vibrant Lifestyle at an Affordable Cost in Greater Phoenix

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

$476098K

Median home price

Zillow Home Value Index , May 2022

$5100

Estimated property tax on median home price

2.59%

Personal income tax rates range from 2.59% - 4.50%

Arizona Tax Foundation, 2022

Calculate your savings

Select your annual income, monthly mortgage, healthcare and grocery costs to find how much you would save with a move to Greater Phoenix.

Austin
Dallas
Denver
Los Angeles
Portland
San Francisco
Seattle
Annual Income
Monthly Mortgage
5,000
Monthly Healthcare
Monthly Groceries
Total Annual Savings
$

Source: ACCRA, Cost of Living Index 2020 Q3

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.

Greater Phoenix: By the Numbers

$1937

Median monthly rent — lower than comparable markets including Atlanta, Chicago, Denver, Orlando & Seattle

Zillow Observed Rent Index, May 2022

$67068

Median household income

ACS 2020 5-Year Estimates

27.9

Average commute time (minutes)

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

GPEC services