Cost of Living in Cave creek, AZ
Housing
The housing market plays a significant role in determining the cost of living in Cave creek, AZ.
- Housing Index: 120.0 / 100
- Median Home Price is: $668,000
- Average Rent (2 BR Apartment): $2000 per month
- Average Rent (2 BR House): $2045 per month
Considering a move to Cave creek, AZ? With a housing index of 120.0, housing costs are above the national average. The median home price is 668000, reflecting a competitive market. Average rent for a 2-bedroom apartment stands at 2000, while a 2-bedroom house costs approximately 2045. These figures indicate that affordability may be a challenge, with significant investment required for both renting and purchasing. Prospective residents should weigh the pros of a vibrant community and amenities against the rising costs of living in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cave creek, AZ.
- Electricity Price: $15.14 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Cave creek, AZ could entail higher utility costs. Electricity costs sit at $15.14, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cave creek is a financially viable option for your relocation.