Cost of Living in Lake Havasu City, AZ
| Cost of Living in Lake Havasu City, AZ | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 53% higher | 74% higher |
| Utilities (Monthly) | 11% higher | 17% higher |
| Food | 3% lower | 0% |
| Healthcare | 14% lower | 11% lower |
| Transportation | 10% lower | 6% lower |
| Goods & Services | 9% higher | 7% higher |
The cost of living in Lake Havasu City, AZ is 19% higher than the state average and 24% higher than the national average. Lake Havasu City, AZ housing is 74% more expensive than the U.S average, while utilities are about 17% pricier. When it comes to basic necessities such as food and clothing, groceries are around 0% in Lake Havasu City, AZ than in the rest of the country, while clothing costs around 7% more .
Healthcare services such as doctor check-ups and dentistry cost 11% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 7% pricier in Lake Havasu City, AZ.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Lake Havasu City is $1,431, while home prices circle around $1,099,940.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lake Havasu City, energy bills cost around $284.95 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.81 in Lake Havasu City, a dozen eggs go for around $4.67 and a pound of potatoes circles around $4.72.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Lake Havasu City, an optometry check-up costs around $119.97, while a dentist appointment is priced $103.18 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.12 in Lake Havasu City, while getting your tires balanced will run you about $48.99.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $56.33 here. Meanwhile, a pair of women's slacks will set you back around $40.61.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Lake Havasu City, you should budget around $10.25 a month. When it comes to personal services, a haircut usually goes for $21.75, while dry cleaning costs about $19.66.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Lake Havasu City, the median household income is $70,148.