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) | 48% higher | 68% higher |
| Utilities (Monthly) | 8% higher | 13% higher |
| Food | 4% lower | 1% lower |
| Healthcare | 11% lower | 8% lower |
| Transportation | 10% lower | 6% lower |
| Goods & Services | 9% higher | 7% higher |
The cost of living in Lake Havasu City, AZ is 17% higher than the state average and 22% higher than the national average. Lake Havasu City, AZ housing is 68% more expensive than the U.S average, while utilities are about 13% pricier. When it comes to basic necessities such as food and clothing, groceries are around 1% cheaper 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 8% 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 $1,425, while home prices circle around $1,069,685.
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 $276.95 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 $4.37 and a pound of potatoes circles around $4.50.
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 $145.23, while a dentist appointment is priced $106.63 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.07 in Lake Havasu City, while getting your tires balanced will run you about $48.75.
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 $56.94 here. Meanwhile, a pair of women's slacks will set you back around $43.75.
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 $22.44, while dry cleaning costs about $19.56.
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.