Sun Lakes, AZ Cost Of Living
Cost Of Living In Sun Lakes, AZ Summary
Cost of living in Sun Lakes 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 Sun Lakes 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 Sun Lakes is 109, with 100 being the average.
The cost of living index in Sun Lakes is 1.1x higher than the national average.
Sun Lakes ranks as the #72 cheapest in Arizona out of 94.
Sun Lakes ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Sun Lakes is $312,100.
The median income in Sun Lakes is $59,207.
Table Of Contents
Sun Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sun Lakes, AZ?
According to the most recent data on the cost of living, Sun Lakes has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Arizona, Sun Lakes has a cost of living index that's 1.0x higher than Arizona's index of 107.
The standard of living in Sun Lakes ranks as #72 most affordable out of the 94 places we measured in Arizona. By definition, that implies Sun Lakes ranks as the #22 most expensive place in the Grand Canyon State.
For more reading on life in Sun Lakes, check out:
- Living In Sun Lakes
- Search Homes For Sale In Sun Lakes, AZ
In Arizona
In America
Sun Lakes Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Sun Lakes. Here is how it fairs on each of the criteria:
The Services index in Sun Lakes is 98.
The Groceries index in Sun Lakes is 98.
The Health index in Sun Lakes is 88.
The Housing index in Sun Lakes is 140.
The Transportation index in Sun Lakes is 106.
The Utilities index in Sun Lakes is 105.
| Living Expense | Sun Lakes | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 109 | 107 | 100 | |
| Services | 98 | 102 | 100 | |
| Groceries | 98 | 101 | 100 | |
| Health | 88 | 94 | 100 | |
| Housing | 140 | 121 | 100 | |
| Transportation | 106 | 105 | 100 | |
| Utilities | 105 | 97 | 100 | |
Sun Lakes, 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 2017-2021. The key points are:
The Median Home Value in Sun Lakes is $312,100.
The Median Rent in Sun Lakes is $1,743.
The Median Income in Sun Lakes is $59,207.
The Home Value To Income in Sun Lakes is 5.3x.
The Rent To Monthly Income in Sun Lakes is 0.35x.
| Statistic | Sun Lakes | Arizona | United States |
|---|---|---|---|
| Median Home Value | $312,100 | $265,600 | $244,900 |
| Median Rent | $1,743 | $1,172 | $1,163 |
| Median Income | $59,207 | $65,913 | $69,021 |
| Home Value To Income | 5.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.35x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Sun Lakes, AZ Costs By Category
Detailed Sun Lakes Services Costs Vs. Arizona
Detailed Sun Lakes Groceries Costs Vs. Arizona
Detailed Sun Lakes Health Costs Vs. Arizona
Detailed Sun Lakes Transportation Costs Vs. Arizona
Detailed Sun Lakes Utilities Costs Vs. Arizona
Sun Lakes SnackAbility
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Cost Of Living In Cities Around Sun Lakes
The cost of living varies in the cities and towns around Sun Lakes. 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 98, 0.9x Sun Lakes.
Chandler, AZ has a cost of living index of 107, 1.0x Sun Lakes.
Gilbert, AZ has a cost of living index of 113, 1.0x Sun Lakes.
| City | Population | Cost Of Living | Vs. Sun Lakes |
|---|---|---|---|
| Mesa, AZ | 497,752 | 98 | 0.9x |
| Chandler, AZ | 272,439 | 107 | 1.0x |
| Gilbert, AZ | 262,249 | 113 | 1.0x |
| Tempe, AZ | 178,862 | 105 | 1.0x |
| San Tan Valley, AZ | 96,127 | 97 | 0.9x |
| Goodyear, AZ | 93,651 | 105 | 1.0x |
| Santa Cruz, CA | 62,714 | 186 | 1.7x |
| Queen Creek, AZ | 57,728 | 112 | 1.0x |
| Maricopa, AZ | 57,075 | 97 | 0.9x |
| Guadalupe, AZ | 5,334 | 87 | 0.8x |
