Verde Village, AZ Cost Of Living
Cost Of Living In Verde Village, AZ Summary
Cost of living in Verde Village 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 Verde Village 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 Verde Village is 103, with 100 being the average.
The cost of living index in Verde Village is 1.0x higher than the national average.
Verde Village ranks as the #63 cheapest in Arizona out of 94.
Verde Village ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Verde Village is $241,100.
The median income in Verde Village is $58,247.
Table Of Contents
Verde Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Verde Village, AZ?
According to the most recent data on the cost of living, Verde Village has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Arizona, Verde Village has a cost of living index that's 1.0x lower than Arizona's index of 107.
The standard of living in Verde Village ranks as #63 most affordable out of the 94 places we measured in Arizona. By definition, that implies Verde Village ranks as the #31 most expensive place in the Grand Canyon State.
For more reading on life in Verde Village, check out:
- Living In Verde Village
- Search Homes For Sale In Verde Village, AZ
In Arizona
In America
Verde Village Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Verde Village. Here is how it fairs on each of the criteria:
The Services index in Verde Village is 110.
The Groceries index in Verde Village is 103.
The Health index in Verde Village is 97.
The Housing index in Verde Village is 94.
The Transportation index in Verde Village is 108.
The Utilities index in Verde Village is 97.
| Living Expense | Verde Village | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 103 | 107 | 100 | |
| Services | 110 | 102 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 94 | 121 | 100 | |
| Transportation | 108 | 105 | 100 | |
| Utilities | 97 | 97 | 100 | |
Verde Village, 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 Verde Village is $241,100.
The Median Rent in Verde Village is $1,082.
The Median Income in Verde Village is $58,247.
The Home Value To Income in Verde Village is 4.1x.
The Rent To Monthly Income in Verde Village is 0.22x.
| Statistic | Verde Village | Arizona | United States |
|---|---|---|---|
| Median Home Value | $241,100 | $265,600 | $244,900 |
| Median Rent | $1,082 | $1,172 | $1,163 |
| Median Income | $58,247 | $65,913 | $69,021 |
| Home Value To Income | 4.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Verde Village, AZ Costs By Category
Detailed Verde Village Services Costs Vs. Arizona
| Item | Verde Village | Arizona |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $9.55 | $10.68 |
| Bowling | $15.0 | $14.67 |
| Haircut | $18.27 | $18.62 |
| Beauty Salon | $37.5 | $39.05 |
Detailed Verde Village Groceries Costs Vs. Arizona
| Item | Verde Village | Arizona |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.39 | $1.39 |
| Milk | $1.51 | $2.05 |
| Potatoes | $2.5 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $11.04 | $9.38 |
| Toothpaste | $1.98 | $2.34 |
Detailed Verde Village Health Costs Vs. Arizona
| Item | Verde Village | Arizona |
|---|---|---|
| Optometrist | $98.72 | $108.57 |
| Doctor | $104.71 | $116.17 |
| Dentist | $94.28 | $99.13 |
Detailed Verde Village Transportation Costs Vs. Arizona
| Item | Verde Village | Arizona |
|---|---|---|
| Gasoline | $2.42 | $2.22 |
| Tire Balancing | $49.7 | $50.07 |
Detailed Verde Village Utilities Costs Vs. Arizona
| Item | Verde Village | Arizona |
|---|---|---|
| All Electricity | $156.13 | $167.67 |
| Phone | $179.39 | $175.64 |
Verde Village SnackAbility
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