Phoenix, Arizona has an overall cost of living index of 103.9, which is 3.9 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,458 per month, while the typical home is valued around $381,900. Households earn a median of $77,041 per year, leaving rent at a manageable share of income for many residents. Air quality is moderate, with an average AQI of 52. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$77,041
Annual · Census ACS
Median Gross Rent
$1,458
Per month · Census ACS
Median Home Value
$381,900
Census ACS
Cost of Living Index
103.9
BEA RPP · US avg = 100
Studio FMR
$1,457
HUD Fair Market Rent
1BR Fair Market Rent
$1,583
HUD FMR
2BR Fair Market Rent
$1,839
HUD FMR
3BR Fair Market Rent
$2,452
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
103.9
Goods
98.2
Rents / Housing
122.8
Services
88.2
Source: BEA Regional Price Parities (metro-level)
State Income Tax
2.50%
Top marginal rate
State Sales Tax
5.60%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $129,100 |
| 🏥Registered Nurse | $92,540 |
| 📚Elementary Teacher | $58,560 |
| ⚡Electrician | $59,450 |
| 📊Accountant | $89,920 |
Source: BLS OEWS 2023 (metro-level data)
Population
1,624,832
Latest estimate
Median Age
34.8 yrs
Census ACS
Average AQI
52.0
Source: EPA AirNow
What is the cost of living index for Phoenix?
Phoenix has a Regional Price Parity (RPP) index of 103.9. The US national average is 100, so Phoenix is 3.9 points above the national average.
What is the median rent in Phoenix?
The median gross rent in Phoenix is $1,458 per month according to US Census ACS data.
What is the median household income in Phoenix?
The median household income in Phoenix is $77,041 per year.
What is the median home value in Phoenix?
The median home value in Phoenix is $381,900 based on the latest Census ACS survey.
How is the air quality in Phoenix?
Phoenix has an average Air Quality Index (AQI) of 52.0, which is rated "Moderate" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Phoenix?
Arizona has a top state income tax rate of 2.50% and a statewide sales tax of 5.60% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology