Cost of Living in Phoenix, AZ

Key Statistics

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Living in Phoenix, AZ — 2026 Cost of Living Guide

Phoenix is moderately affordable compared to the national average, with an overall cost of living index of 100. This means the cost of living is right at the national average.

Housing Costs in Phoenix

Housing costs are roughly in line with the national average. The housing index for Phoenix is 102, which means housing costs are 2% above the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in Phoenix is $60,931, with a population of approximately 1,608,139. The median household income is moderate, providing a reasonable standard of living relative to local costs.

The job market in Phoenix is solid, with steady growth in several key sectors and reasonable unemployment rates.

Daily Living Expenses

Beyond housing, daily expenses in Phoenix are near the national average. Groceries and dining carry an index of 100, while transportation costs sit at 100. Healthcare expenses index at 97, and utilities come in at 103.

Taxes

Taxes in Phoenix are roughly average, with a tax index of 90.

Quality of Life

Phoenix enjoys generally pleasant weather, with seasonal variations that most residents find manageable.

Safety in Phoenix is comparable to other cities of similar size, with some neighborhoods being safer than others.

Is Phoenix a Good Place to Live?

Phoenix provides a balanced combination of affordability and quality of life that appeals to a wide range of residents. With a good job market and good weather, Phoenix continues to attract new residents drawn by the favorable cost of living.

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