New River, AZ Cost Of Living
Cost Of Living In New River, AZ Summary
Cost of living in New River 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 New River 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 New River is 133, with 100 being the average.
The cost of living index in New River is 1.3x higher than the national average.
New River ranks as the #80 cheapest in Arizona out of 92.
New River ranks as the #5,125 cheapest out of 6,489 in the US.
The median home value in New River is $761,014.
The median income in New River is $120,279.
Table Of Contents
New River's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New River, AZ?
According to the most recent data on the cost of living, New River has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to Arizona, New River has a cost of living index that's 1.3x higher than Arizona's index of 102.
The standard of living in New River ranks as #80 most affordable out of the 92 places we measured in Arizona. By definition, that implies New River ranks as the #12 most expensive place in the Grand Canyon State.
For more reading on life in New River, check out:
In Arizona
In America
New River Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in New River. Here is how it fairs on each of the criteria:
The Services index in New River is 104.
The Groceries index in New River is 100.
The Health index in New River is 88.
The Housing index in New River is 209.
The Transportation index in New River is 96.
The Utilities index in New River is 123.
| Living Expense | New River | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 133 | 102 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 88 | 95 | 100 | |
| Housing | 209 | 99 | 100 | |
| Transportation | 96 | 107 | 100 | |
| Utilities | 123 | 96 | 100 | |
New River, 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 New River is $761,014.
The Median Rent in New River is $1,837.
The Median Income in New River is $120,279.
The Home Value To Income in New River is 6.3x.
The Rent To Monthly Income in New River is 0.18x.
Median Home Value
Median Rent
Median Income
New River, AZ Costs By Category
Detailed New River Services Costs Vs. Arizona
Detailed New River Groceries Costs Vs. Arizona
Detailed New River Health Costs Vs. Arizona
Detailed New River Transportation Costs Vs. Arizona
Detailed New River Utilities Costs Vs. Arizona
New River SnackAbility
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Cost Of Living In Cities Around New River
The cost of living varies in the cities and towns around New River. Here's a quick look at the cost of living in the most populous nearby places:
Phoenix, AZ has a cost of living index of 107, 0.8x New River.
Chandler, AZ has a cost of living index of 128, 1.0x New River.
Gilbert, AZ has a cost of living index of 133, 1.0x New River.
| City | Population | Cost Of Living | Vs. New River |
|---|---|---|---|
| Phoenix, AZ | 1,624,832 | 107 | 0.8x |
| Chandler, AZ | 278,123 | 128 | 1.0x |
| Gilbert, AZ | 271,118 | 133 | 1.0x |
| Scottsdale, AZ | 242,169 | 136 | 1.0x |
| Peoria, AZ | 194,338 | 117 | 0.9x |
| Tempe, AZ | 186,419 | 113 | 0.8x |
| Santa Cruz, CA | 60,953 | 205 | 1.5x |
| Fountain Hills, AZ | 23,768 | 137 | 1.0x |
| Anthem, AZ | 22,622 | 128 | 1.0x |
| Sun Lakes, AZ | 14,079 | 123 | 0.9x |
