Cost of Living in Phoenix
Overall index: 103.8 — 7 points below Arizona average. Arizona statewide average: 110.3.
Where your money goes in Phoenix
Estimated spending breakdown on a $75,000 salary in Phoenix
Estimated annual spending: $68,389($6,611 remaining)
What things cost in Phoenix
| Item | Phoenix | Arizona avg | US avg |
|---|---|---|---|
| Median home price | $430,000 | $395,000 | $360,000 |
| Average 2BR rent | $1,550/mo | $1,782/mo | $1,400/mo |
| Gas (regular) | $3.97/gal | $3.97/gal | $3.50/gal |
| Electric bill | $113/mo | $113/mo | $137/mo |
| Infant childcare | $14,800/yr | $15,625/yr | $13,500/yr |
Index by category
Phoenix vs Arizona statewide. National average = 100.
FAQ
What is the 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.
Is Phoenix expensive to live in?
Phoenix is near the national average with an index of 103.8.
How much does rent cost in Phoenix?
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.
What salary do I need to live in Phoenix?
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.
Where does this data come from?
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.
Related tools
- Arizona Cost of Living — Statewide averages and all metro areas
- Arizona Paycheck Calculator — Calculate take-home pay
- House Affordability in Arizona — How much house can you afford?
- Compare any two states
Metro-level data from BEA Regional Price Parities (2024), C2ER COLI (2025), and Zillow ZHVI (2024-2025). Where metro data is unavailable, Arizona statewide averages are used.