What is the cost of living in Phoenix, AZ?
According to the most recent data on the cost of living, Phoenix has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Arizona, Phoenix has a cost of living index that's 1.1x higher than Arizona's index of 100.
The standard of living in Phoenix ranks as #52 most affordable out of the 91 places we measured in Arizona. By definition, that implies Phoenix ranks as the #39 most expensive place in the Grand Canyon State.
For more reading on life in Phoenix, check out:
Phoenix Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Phoenix. Here is how it fares on each of the criteria:
The Services index in Phoenix is 105.
The Groceries index in Phoenix is 104.
The Health index in Phoenix is 133.
The Housing index in Phoenix is 106.
The Transportation index in Phoenix is 112.
The Utilities index in Phoenix is 103.
| Living Expense | Phoenix | Arizona | National Average |
|---|---|---|---|
| Overall | 111 | 100 | 100 |
| Services | 105 | 99 | 100 |
| Groceries | 104 | 99 | 100 |
| Health | 133 | 97 | 100 |
| Housing | 106 | 104 | 100 |
| Transportation | 112 | 113 | 100 |
| Utilities | 103 | 104 | 100 |
Phoenix Cost Of Living Compared To Arizona Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Arizona, check out:
Protect your home budget Compare home warranties in Phoenix Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Phoenix, 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 2020-2024. The key points are:
The Median Home Value in Phoenix is $410,168.
The Median Rent in Phoenix is $1,582.
The Median Income in Phoenix is $81,332.
The Home Value To Income in Phoenix is 5.0x.
The Rent To Monthly Income in Phoenix is 0.23x.
Phoenix, AZ Costs By Category
Detailed Phoenix Services costs vs. Arizona
Detailed Phoenix Groceries costs vs. Arizona
Detailed Phoenix Health costs vs. Arizona
Detailed Phoenix Transportation costs vs. Arizona
Phoenix SnackAbility
Cost Of Living In Cities Around Phoenix
The cost of living varies in the cities and towns around Phoenix. Here's a quick look at the cost of living in the most populous nearby places:
Glendale, AZ has a cost of living index of 108, 1.0x Phoenix.
Scottsdale, AZ has a cost of living index of 144, 1.3x Phoenix.
Peoria, AZ has a cost of living index of 116, 1.0x Phoenix.
| City | Population | Cost Of Living | Vs. Phoenix |
|---|---|---|---|
| Glendale, AZ | 252,833 | 108 | 1.0x |
| Scottsdale, AZ | 243,821 | 144 | 1.3x |
| Peoria, AZ | 196,906 | 116 | 1.0x |
| Tempe, AZ | 188,065 | 117 | 1.1x |
| El Mirage, AZ | 36,088 | 104 | 0.9x |
| Paradise Valley, AZ | 12,611 | 301 | 2.7x |
| Tolleson, AZ | 7,668 | 105 | 0.9x |
| Litchfield Park, AZ | 6,916 | 126 | 1.1x |
| Guadalupe, AZ | 5,272 | 97 | 0.9x |
| Cave Creek, AZ | 5,091 | 127 | 1.1x |
