Phoenix, Arizona has an overall cost of living index of 104.7, which is 4.7 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,582 per month, while the typical home is valued around $420,700. Households earn a median of $81,332 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 28. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$81,332
Median Income / yr
Census ACS
$1,582
Median Rent / mo
Census ACS
$420,700
Median Home Value
Census ACS
104.7
Cost of Living Index
Studio FMR
$1,457
HUD · FY2024
1BR Fair Market Rent
$1,583
HUD · FY2024
2BR Fair Market Rent
$1,839
HUD · FY2024
3BR Fair Market Rent
$2,452
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
104.7
Goods
98.4
Rents / Housing
124.3
Services
83.1
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $134,730 |
| Registered Nurse | $96,220 |
| Elementary Teacher | $61,860 |
| Electrician | $61,530 |
| Accountant | $87,970 |
| Plumber | $69,580 |
| Nurse Practitioner | $210,850 |
| Civil Engineer | $99,200 |
| Operations Manager | $122,850 |
| Market Research Analyst | $78,070 |
| Health Services Manager | $141,220 |
| Truck Driver | $56,230 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $157,550 |
Source: BLS OEWS 2023 (metro-level data)
Population
1,642,323
Latest estimate
Median Age
34.9 yrs
Census ACS
28.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
63
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,527
Per month
Avg Home Value
$414,889
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 85003 | — | $1,246 | $536,800 |
| ZIP 85004 | — | $1,610 | $368,300 |
| ZIP 85006 | — | $1,078 | $340,400 |
| ZIP 85007 | — | $978 | $359,600 |
| ZIP 85008 | — | $1,180 | $308,500 |
| ZIP 85009 | — | $1,022 | $183,100 |
| ZIP 85012 | — | $1,604 | $632,000 |
| ZIP 85013 | — | $1,270 | $426,300 |
| ZIP 85014 | — | $1,235 | $404,700 |
| ZIP 85015 | — | $1,116 | $278,400 |
Showing top 10 of 63 tracked neighborhoods.
January Avg
55°F
July Avg
93°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
29.9
poor
Hospitals
22
Doctors per 1,000
1.00
Insurance Coverage
85.7%
Phoenix has a Regional Price Parity (RPP) index of 104.7. The US national average is 100, so Phoenix is 4.7 points above the national average.
The median gross rent in Phoenix is $1,582 per month according to US Census ACS data.
The median household income in Phoenix is $81,332 per year.
The median home value in Phoenix is $420,700 based on the latest Census ACS survey.
Phoenix has an average Air Quality Index (AQI) of 28.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for Arizona is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
