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Cost of Living Data
in Phoenix, Arizona, United States

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City Overview
Cost of Living Score
The cost of living in Phoenix is 4% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

10th

Most expensive city in Arizona

6%

Cost of living is higher than Arizona average

4%

Cost of living is higher than national average

Affordability breakdown

The cost of food in Phoenix is less expensive than the United States average and earns a score of 6 out of 10. A cost of food score of 1 indicates most expensive while a 10 represents cheapest. The following are collected for use in calculating cost of food: meats, dairy products, produce, bakery products, miscellaneous grocery products, fast food, and average casual restaurant.

The data used to calculate the cost of food score is a sample of data pulled from ERI Economic Research Institute’s Relocation Assessor. For a more detailed food price index, please try a free demo of the cloud-based Relocation Assessor.
The cost of transportation in Phoenix is less expensive than the United States average and earns a score of 8 out of 10. A cost of transportation score of 1 indicates most expensive while a 10 represents cheapest. The cost of transportation score uses local data on commuting patterns and city dispersion combined with fuel cost factors, public transportation, and efficiency patterns of public transportation in relationship to a transportation price level index. A relative cost of airline travel component is also included. In major cities, where parking is a substantial cost, estimates are included for parking expenses during regular business hours.

Transportation factors also include the yearly total cost of operating automobile(s) and/or equivalent commuter expense for ten miles.The cost of operating an automobile defaults to 20 miles round trip daily, maintenance, taxes and licensing fees, insurance, gasoline costs including taxes, etc.Costs vary according to changes to number of vehicles, combined value and combined prose, and annual mileage/kilometers.Sources include IRS allowed reimbursement policies, local gasoline, insurance, licensing and maintenance/service prices.

The data used to calculate the cost of transportation score is a sample of data pulled from ERI Economic Research Institute’s Relocation Assessor. For a more detailed transportation price index, please try a free demo of the cloud-based Relocation Assessor.
The cost of housing in Phoenix is more expensive than the United States average and earns a score of 4 out of 10. A cost of housing score of 1 indicates most expensive while a 10 represents cheapest. The following are collected for use in determining the cost of housing score: square footage, monthly rent, home prices, and utilities.

For the estimated monthly rent prices, data on average and median rent price per square foot on a 900 square foot (2 bed room), unfurnished higher-quality apartment is collected.Estimated apartment rental prices assume a standard lease (usually 1-year) is signed.The same geographic assumptions and data standards used for home prices are applied to data collection and survey procedures.Utilities are estimated based on costs for common heating/cooling/sources of energy for the location. Water and sewer cost estimates are also included.

The data used to calculate the cost of housing score is a sample of data pulled from ERI Economic Research Institute’s Relocation Assessor. For a more detailed housing price index, please try a free demo of the cloud-based Relocation Assessor.
The cost of health care in Phoenix is less expensive than the United States average and earns a score of 8 out of 10. A cost of health care score of 1 indicates most expensive while a 10 represents cheapest. The following are collected for use in the health care grade estimate: a “check-up” to a primary care physician, a regular cleaning with a dentist, and the cost of a widely prescribed non-generic pharmaceutical drug.

Health care services include out-of-pocket costs for the employee and carrier zone rates by location, along with hospital costs. They are based primarily upon group medical benefits as tracked by national carriers and in-house methodology. Health care services vary by family size.

The data used to calculate the cost of health care score is a sample of data pulled from ERI Economic Research Institute’s Relocation Assessor. For a more detailed health care price index, please try a free demo of the cloud-based Relocation Assessor.
About Phoenix
Description: Phoenix () is the capital and most populous city of Arizona, with 1,660,272 people (as of 2018). It is also the fifth most populous city in the United States, and the only state capital with a population of more than one million residents.Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley. The metropolitan area is the 11th largest by population in the United States, with approximately 4.73 million people as of 2017. Phoenix is the seat of Maricopa County and the largest city in the state at 517.9 square miles (1,341 km2), more...
Economic Data
Consumer Price Index (CPI): Coming Soon info
Average Household Income: Coming Soon
Average House Price: Coming Soon
CPI measures the change in consumer prices, as determined by the Bureau of Labor Statistics' monthly survey. Many pension and employment contract changes are tied to changes in consumer prices. This protects employees against inflation and reduced purchasing power.
Cost of Living by State
Arizona
Guam
Puerto Rico
District of Columbia
Montana
Indiana
Cost of Living by City
Apache Junction, AZ
Avondale, AZ
Heber, AZ
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Goodyear, AZ
Anthem, AZ

Cost of Living
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Employment Overview
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Employment Score

2,230

Employment Rate per Month info

2,018,780

Labor Force Count info
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Unemployment Score

5%

Unemployment Rate info
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Upward Mobility Score

40.7%

Upward Mobility Rate info
Phoenix is averaging an employment rate of 2,230 per month. Phoenix receives an employment score of 10 out of 10 Employment rate is calculated as the average change in the number of jobs added to the labor market per month over the span of the previous year.
The unemployment rate in Phoenix is 5%. Phoenix receives an overall unemployment score of 5 out of 10. Unemployment rate is calculated by dividing the number of unemployed individuals by all individuals currently in the labor force.
The upward mobility rate in Phoenix is 41%. Phoenix receives an overall upward score of 4 out of 10. Upward mobility is a measure of the average economic outcome of a child from a below-median income family compared to their parents. In areas with higher absolute upward mobility, children from low-income parents earn higher incomes as adults compared to their parents.
The labor force is estimated by the number of employed people plus the unemployed who are looking for work. This number does not include the jobless who aren't looking for work.
Crime Overview
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Crime Score
Crime Rate:
0.04% info
Yearly Crime Stats
Violent Crime:
10,700
Property Crime:
58,552
Total Crime:
69,252
Total Population:
1,586,611
The crime rate in Phoenix is 0.04%. Phoenix receives an overall crime score of 2 out of 10. Crime rate is calculated by dividing the number of reported crimes by the total population.
Violent Crime Overview
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Violent Crime Score
Violent Crime Rate:
0.01% info
Yearly Violent Crime Stats
Murder:
146
Robbery:
3,272
Assault:
6,263
Total Violent Crime:
10,700
The violent crime rate in Phoenix is 0.01%. Phoenix receives an overall crime score of 2 out of 10. Violent crime rate is calculated by dividing the number of reported violent crimes (murder, robbery, and assault) by the total population.
Property Crime Overview
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Property Crime Score
Property Crime Rate:
0.04% info
Yearly Property Crime Stats
Burglary:
13,024
Larceny:
37,568
Vehicle Theft:
7,960
Arson:
216
Total Property Crime:
58,552
The property crime rate in Phoenix is 0.04%. Phoenix receives an overall property crime score of 3 out of 10. Property crime rate is calculated by dividing the number of reported property crimes (burglary, larceny, motor vehicle theft, and arson) by the total population.

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About the Data

The above data is a sample of data available in ERI Economic Research Institute's Relocation Assessor. Cost of living data is derived from ERI's cost of living surveys and web digitization of public domain records. To generate detailed cost of living reports suitable for creating cost comparisons for relocating employees customized to spending patterns, please consult ERI's Relocation Assessor. The Relocation Assessor includes cost of living data for 10,000 areas worldwide and allows for customization based on salary, housing, family size, consumption, services, and travel. Try a free demo of the cloud-based Relocation Assessor.

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