Gold Canyon, AZ Cost Of Living
Cost Of Living In Gold Canyon, AZ Summary
Cost of living in Gold Canyon 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 Gold Canyon 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 Gold Canyon is 121, with 100 being the average.
The cost of living index in Gold Canyon is 1.2x higher than the national average.
Gold Canyon ranks as the #69 cheapest in Arizona out of 92.
Gold Canyon ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Gold Canyon is $487,104.
The median income in Gold Canyon is $85,833.
Table Of Contents
Gold Canyon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gold Canyon, AZ?
According to the most recent data on the cost of living, Gold Canyon has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Arizona, Gold Canyon has a cost of living index that's 1.2x higher than Arizona's index of 102.
The standard of living in Gold Canyon ranks as #69 most affordable out of the 92 places we measured in Arizona. By definition, that implies Gold Canyon ranks as the #23 most expensive place in the Grand Canyon State.
For more reading on life in Gold Canyon, check out:
In Arizona
In America
Gold Canyon Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Gold Canyon. Here is how it fairs on each of the criteria:
The Services index in Gold Canyon is 116.
The Groceries index in Gold Canyon is 103.
The Health index in Gold Canyon is 99.
The Housing index in Gold Canyon is 149.
The Transportation index in Gold Canyon is 125.
The Utilities index in Gold Canyon is 98.
| Living Expense | Gold Canyon | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 121 | 102 | 100 | |
| Services | 116 | 102 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 99 | 95 | 100 | |
| Housing | 149 | 99 | 100 | |
| Transportation | 125 | 107 | 100 | |
| Utilities | 98 | 96 | 100 | |
Gold Canyon, AZ Housing Cost Breakdown
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 Gold Canyon is $487,104.
The Median Rent in Gold Canyon is $1,213.
The Median Income in Gold Canyon is $85,833.
The Home Value To Income in Gold Canyon is 5.7x.
The Rent To Monthly Income in Gold Canyon is 0.17x.
| Statistic | Gold Canyon | Arizona | United States |
|---|---|---|---|
| Median Home Value | $487,104 | $422,479 | $303,400 |
| Median Rent | $1,213 | $1,431 | $1,348 |
| Median Income | $85,833 | $76,872 | $78,538 |
| Home Value To Income | 5.7x | 5.5x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Gold Canyon, AZ Costs By Category
Detailed Gold Canyon Services Costs Vs. Arizona
| Item | Gold Canyon | Arizona |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $12.43 | $12.13 |
| Bowling | $24.03 | $18 |
| Haircut | $31.99 | $24.26 |
| Beauty Salon | $51.63 | $45.56 |
Detailed Gold Canyon Groceries Costs Vs. Arizona
| Item | Gold Canyon | Arizona |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.47 | $1.57 |
| Milk | $4.84 | $4.67 |
| Potatoes | $4.54 | $4.93 |
| Pizza | $13.22 | $12.09 |
| Beer | $11.37 | $10.41 |
| Toothpaste | $3.74 | $3.7 |
Detailed Gold Canyon Health Costs Vs. Arizona
| Item | Gold Canyon | Arizona |
|---|---|---|
| Optometrist | $105.08 | $125.68 |
| Doctor | $126.58 | $135.78 |
| Dentist | $108.47 | $113.29 |
Detailed Gold Canyon Transportation Costs Vs. Arizona
| Item | Gold Canyon | Arizona |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $66.63 | $59.92 |
Detailed Gold Canyon Utilities Costs Vs. Arizona
| Item | Gold Canyon | Arizona |
|---|---|---|
| All Electricity | $193.37 | $193.99 |
| Phone | $184.32 | $192.25 |
Gold Canyon SnackAbility
/10
Cost Of Living In Cities Around Gold Canyon
The cost of living varies in the cities and towns around Gold Canyon. Here's a quick look at the cost of living in the most populous nearby places:
Mesa, AZ has a cost of living index of 116, 1.0x Gold Canyon.
Gilbert, AZ has a cost of living index of 133, 1.1x Gold Canyon.
San Tan Valley, AZ has a cost of living index of 119, 1.0x Gold Canyon.
| City | Population | Cost Of Living | Vs. Gold Canyon |
|---|---|---|---|
| Mesa, AZ | 507,478 | 116 | 1.0x |
| Gilbert, AZ | 271,118 | 133 | 1.1x |
| San Tan Valley, AZ | 105,231 | 119 | 1.0x |
| Queen Creek, AZ | 66,369 | 135 | 1.1x |
| Apache Junction, AZ | 39,746 | 98 | 0.8x |
| Florence, AZ | 25,961 | 105 | 0.9x |
| Fountain Hills, AZ | 23,768 | 137 | 1.1x |
