Indexed to national average (100)
See what salary you'd need in another city to match your purchasing power in Phoenix.
About Phoenix
Phoenix offers a warm climate, affordable housing, and a growing economy. The tech and healthcare sectors are expanding rapidly, making it a popular destination for young professionals seeking a lower cost of living.
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Frequently Asked Questions
Is Phoenix expensive?
Phoenix has a cost of living index of 103.3, where 100 represents the national average. This is close to the national average.
What salary do you need to live comfortably in Phoenix?
Based on a rent-to-income ratio of 30%, you'd need at least $63,280 to afford the median 2-bedroom apartment in Phoenix and maintain basic expenses.
What is the median rent in Phoenix?
The median 2-bedroom rent in Phoenix is $1,582 per month, according to HUD Fair Market Rent data.