Cost of living in Eloy research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Eloy is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arizona, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Eloy is 99, with 100 being the average.
The cost of living index in Eloy is 1.0x lower than the national average.
Eloy ranks as the #23 cheapest in Arizona out of 92.
Eloy ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Eloy is $269,876.
The median income in Eloy is $54,080.
According to the most recent data on the cost of living, Eloy has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Arizona, Eloy has a cost of living index that's 1.0x lower than Arizona's index of 102.
The standard of living in Eloy ranks as #23 most affordable out of the 92 places we measured in Arizona. By definition, that implies Eloy ranks as the #69 most expensive place in the Grand Canyon State.
For more reading on life in Eloy, check out:
Six factors go into calculating the cost of living index in Eloy. Here is how it fairs on each of the criteria:
The Services index in Eloy is 116.
The Groceries index in Eloy is 104.
The Health index in Eloy is 96.
The Housing index in Eloy is 66.
The Transportation index in Eloy is 123.
The Utilities index in Eloy is 96.
| Living Expense | Eloy | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 99 | 102 | 100 | |
| Services | 116 | 102 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 96 | 95 | 100 | |
| Housing | 66 | 99 | 100 | |
| Transportation | 123 | 107 | 100 | |
| Utilities | 96 | 96 | 100 | |
Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Eloy is $269,876.
The Median Rent in Eloy is $938.
The Median Income in Eloy is $54,080.
The Home Value To Income in Eloy is 5.0x.
The Rent To Monthly Income in Eloy is 0.21x.
The cost of living varies in the cities and towns around Eloy. Here's a quick look at the cost of living in the most populous nearby places:
Chandler, AZ has a cost of living index of 128, 1.3x Eloy.
Gilbert, AZ has a cost of living index of 133, 1.3x Eloy.
Tempe, AZ has a cost of living index of 113, 1.1x Eloy.
| City | Population | Cost Of Living | Vs. Eloy |
|---|---|---|---|
| Chandler, AZ | 278,123 | 128 | 1.3x |
| Gilbert, AZ | 271,118 | 133 | 1.3x |
| Tempe, AZ | 186,419 | 113 | 1.1x |
| Casas Adobes, AZ | 70,770 | 111 | 1.1x |
| Queen Creek, AZ | 66,369 | 135 | 1.4x |
| Santa Cruz, CA | 60,953 | 205 | 2.1x |
| Casa Grande, AZ | 57,590 | 107 | 1.1x |
| Marana, AZ | 54,487 | 118 | 1.2x |
| Oro Valley, AZ | 47,595 | 125 | 1.3x |
| Coolidge, AZ | 15,300 | 97 | 1.0x |