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Phoenix Area Cost of Living
Are you considering relocation to Phoenix, Arizona? Are you curious about the cost of living in Phoenix, Arizona? Researching aspects that include local mortgage rates, property taxes and job growth are a good place to begin. According to the research company, PayScale, Phoenix has a cost of living that is 5% less than the national average. The average work commute in the Phoenix area is 24.6 minutes and Phoenix ranks 13 out of the top 25 cities for average household income.
Rankings are based on 1 to 100
In Phoenix, the overall cost of living index is 95. This is 3% lower than the Arizona average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods, services and housing are responsible for the largest portions of the living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods. In the case of Phoenix, the city's goods and services are 4% lower than the Arizona average and 6% lower than the U.S. average.