Cost of Living in Phoenix, AZ
Cost of Living in Phoenix, AZ | Compared to State Average | Compared to National Average |
---|---|---|
Housing (Buy and Rent) | 2% lower | 16% higher |
Utilities (Monthly) | 3% higher | 5% higher |
Food | 3% lower | 0% |
Healthcare | 3% lower | 5% lower |
Transportation | 6% higher | 5% higher |
Goods & Services | 7% lower | 4% lower |
The cost of living in Phoenix, AZ is 3% lower than the state average and 4% higher than the national average. Phoenix, AZ housing is 16% more expensive than the U.S average, while utilities are about 5% pricier. When it comes to basic necessities such as food and clothing, groceries are around 4% less in Phoenix, AZ than in the rest of the country, while clothing costs around 4% less .
Healthcare services such as doctor check-ups and dentistry cost 5% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 4% cheaper in Phoenix, AZ.
Housing (Buy and Rent)
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 Phoenix is $1,581, while home prices circle around $402,195.
Utilities (Monthly)
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Phoenix, energy bills cost around $189.91 per month.
Food
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 $1.78 in Phoenix, a dozen eggs go for around $1.86 and a pound of potatoes circles around $3.28.
Healthcare
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Phoenix, an optometry check-up costs around $118.29, while a dentist appointment is priced $93.75 on average.
Transportation
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.06 in Phoenix, while getting your tires balanced will run you about $51.37.
Goods & Services
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 $23.51 here. Meanwhile, a pair of women's slacks will set you back around $25.09.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Phoenix, you should budget around $9.22 a month. When it comes to personal services, a haircut usually goes for $16.50, while dry cleaning costs about $12.39.
Income
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 Phoenix, the median household income is $64,927.