Cost of Living in Phoenix

Phoenix has an overall cost-of-living index of 103.8 (national average = 100). This is lower the Arizona statewide average of 110.3. Median home prices are $430,000 and average 2BR rent is $1,550/month.

Phoenix is near the national average with an index of 103.8.

Average 2-bedroom rent in Phoenix is $1,550/month, compared to the national average of $1,400/month and the Arizona statewide average of $1,782/month.

Groceries in Phoenix have an index of 100.5 (national average = 100). A typical monthly grocery basket costs about $412 compared to the national average of $410. A dozen eggs costs around $4.97.

Center-based infant childcare in Phoenix averages $14,800/year ($1,233/month). This is near the national average of $13,500/year. Data from Child Care Aware of America (2024).

Phoenix's housing index is 112 vs the Arizona statewide average of 127.3. Median home prices are $430,000 in Phoenix vs $395,000 statewide, and 2BR rent averages $1,550/month vs $1,782/month statewide.

Phoenix's transportation cost index is 100 (national average = 100). Regular gas averages $3.97/gallon. Transportation costs are near the national average.

Phoenix's utility cost index is 104 (national average = 100). The estimated average monthly electric bill is $113, compared to the national average of $137/month and the Arizona statewide average of $113/month. Utility rates are based on EIA 2024 residential electricity data.

A $75,000 salary at the national average cost of living is equivalent to $77,850 in Phoenix. Your money goes about as far or further than the national average.

Based on Phoenix's cost-of-living index of 103.8, a single adult needs approximately $51,900–$61,900/year to cover basic expenses (housing, food, transportation, healthcare). For a family of four, roughly double that. These estimates scale the national baseline by Phoenix's local costs — actual needs vary by household size and lifestyle.

Metro-level data combines BEA Regional Price Parities (2024), C2ER COLI metro indices (2025), Zillow ZHVI/ZORI metro data (2024-2025), and state-level data from MERIC, AAA, EIA, and Child Care Aware.