Cost of Living in Phoenix, AZ
| Cost of Living in Phoenix, AZ | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 1% lower | 17% higher |
| Utilities (Monthly) | 3% higher | 2% lower |
| Food | 4% higher | 4% higher |
| Healthcare | 1% lower | 6% lower |
| Transportation | 2% lower | 2% higher |
| Goods & Services | 11% lower | 9% lower |
The cost of living in Phoenix, AZ is 3% lower than the state average and 2% higher than the national average. Phoenix, AZ housing is 17% more expensive than the U.S average, while utilities are about 2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 4% pricier in Phoenix, AZ than in the rest of the country, while clothing costs around 9% less .
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 9% cheaper in Phoenix, 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 Phoenix is $1,474, while home prices circle around $518,848.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Phoenix, energy bills cost around $193.93 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 $4.78 in Phoenix, a dozen eggs go for around $5.25 and a pound of potatoes circles around $4.60.
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 $107.63, while a dentist appointment is priced $120.50 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.54 in Phoenix, while getting your tires balanced will run you about $60.83.
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 $25.98 here. Meanwhile, a pair of women's slacks will set you back around $31.79.
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 $9.71 a month. When it comes to personal services, a haircut usually goes for $18.21, while dry cleaning costs about $17.43.
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 $77,041.