Cost of living
Phoenix, Arizona
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Phoenix, AZ is #37 on the list Top 100 Best Cities to Work Remote in 2023, #35 on the list Top 100 Best Cities to Work Remote in 2022
Cost of living in Phoenix, Arizona
Cost of living compared to USAthe highest
Cost of living compared to Arizonathe highest
Median household incomemoderate
Is it expensive to live in Phoenix, Arizona? When calculating the cost of living in Phoenix, Arizona we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Phoenix, Arizona is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arizona, while median household income in Phoenix is $62,700 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arizona.
Taxes in Phoenix, Arizona
The sales tax rate in Phoenix, Arizona is 8.7%. Last year, the average property taxes paid was 0.6% Phoenix, Arizona.
Here is the table with the State Income Taxes in the state of Arizona:
State Income Tax Brackets (Single):
Income Bracket Threshold | Income Bracket Ceiling | Arizona Income Tax Rate |
---|---|---|
$0 | $27,808 | 2.59% |
$27,808 | $55,615 | 3.34% |
$55,615 | $166,843 | 4.17% |
$166,843 | $9,999,999 | 4.5% |
State Income Tax Brackets (Married):
Income Bracket Threshold | Income Bracket Ceiling | Arizona Income Tax Rate |
---|---|---|
$0 | $55,615 | 2.59% |
$55,615 | $111,229 | 3.34% |
$111,229 | $333,684 | 4.17% |
$333,684 | $9,999,999 | 4.5% |
Housing costs in Phoenix, Arizona
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Arizonahigh
In Phoenix, Arizona, 56.0% of the population owns their homes, while approximately 44.0% rent. The average cost of a single-family home in Phoenix, Arizona in 2022 is $454,569 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arizona. The average one-bedroom apartment cost is approximately $1,539 per month.
Rental Size | Monthly Cost | Compared to Arizona |
---|---|---|
1 Bedroom | $1,539 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
2 Bedroom | $1,824 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
3 Bedroom | $2,501 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
4 Bedroom | $2,846 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Phoenix, Arizona in reviews from users in their own words:
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