Calculate using real Phoenix data. Median home price: $380,000. Property tax rate: 0.62%.
Phoenix, AZ has a cost of living index of 100, where 100 represents the national average. This means living in Phoenix is equal to the national average.
The median household income in Phoenix, AZ is $62,055. Combined with a cost of living index of 100, this provides a picture of purchasing power in the area.
The median home price in Phoenix, AZ is $380,000 with a property tax rate of 0.62%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,268.