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.
Median Household Income
$81,332
Annual · Census ACS
Median Gross Rent
$1,582
Per month · Census ACS
Median Home Value
$420,700
Census ACS
Cost of Living Index
104.7
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
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
Average AQI
28.0
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
52
0–100 scale
Avg Median Rent
$1,502
Per month
Avg Home Value
$407,840
Census ACS
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%
What is the cost of living index for Phoenix?
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.
What is the median rent in Phoenix?
The median gross rent in Phoenix is $1,582 per month according to US Census ACS data.
What is the median household income in Phoenix?
The median household income in Phoenix is $81,332 per year.
What is the median home value in Phoenix?
The median home value in Phoenix is $420,700 based on the latest Census ACS survey.
How is the air quality in Phoenix?
Phoenix has an average Air Quality Index (AQI) of 28.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Phoenix?
Tax data for Arizona is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
