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) | 56% higher | 84% higher |
| Utilities (Monthly) | 13% lower | 17% lower |
| Food | 1% higher | 2% higher |
| Healthcare | 1% lower | 6% lower |
| Transportation | 4% lower | 0% |
| Goods & Services | 5% higher | 7% higher |
The cost of living in Lake Havasu City, AZ is 18% higher than the state average and 24% higher than the national average. Lake Havasu City, AZ housing is 84% more expensive than the U.S average, while utilities are about 17% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2% pricier 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 6% 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 $1,550, while home prices circle around $1,065,764.
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 $147.65 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 $4.80 in Lake Havasu City, a dozen eggs go for around $5.30 and a pound of potatoes circles around $4.66.
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 $143.04, while a dentist appointment is priced $106.22 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.90 in Lake Havasu City, while getting your tires balanced will run you about $41.98.
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 $53.92 here. Meanwhile, a pair of women's slacks will set you back around $49.00.
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 $10.13 a month. When it comes to personal services, a haircut usually goes for $18.39, while dry cleaning costs about $14.77.
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 $66,264.