Cost of Living / Phoenix, AZ Metro
Cost of Living in Phoenix, AZ Metro
Official metro name: Phoenix-Mesa-Chandler, AZ Metro Area
Phoenix, AZ Metro has a population of 4,864,209. Median household income is $79,935 and median rent is $1,432 per month. Rent is roughly 21.5% of median monthly income.
State: AZPopulation: 4,864,209Income: $79,935Rent: $1,432Affordability: Affordable (21.5%)
Median Household Income
$79,935
Annual (ACS median)
Median Rent
$1,432
Monthly (ACS median gross rent)
Rent as % of Income
21.5%
rent ÷ (income/12)
Cost Index
107
Simplified relative index
Is Phoenix, AZ Metro expensive?
Based on median rent and income, Phoenix, AZ Metro has a Affordable rent burden. Median rent is $1,432, which is about 21.5% of median monthly household income.
Average rent in Phoenix, AZ Metro
Median rent (ACS) is $1,432 per month. (Neighborhoods vary widely.)
How much income do you need in Phoenix, AZ Metro?
Median household income (ACS) is $79,935 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in AZ
Compare Phoenix, AZ Metro with nearby metros:
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.