Cost of Living in Lake havasu city, AZ

Housing

The housing market plays a significant role in determining the cost of living in Lake havasu city, AZ.

• Housing Index: 110.0 / 100
• Median Home Price is: $395000
• Average Rent (2 BR Apartment): $1400 per month
• Average Rent (2 BR House): $1300 per month

Considering a move to Lake havasu city, AZ? With a housing index of 110.0, it indicates that housing costs are slightly higher than the national average. The median home price sits at 395000, suggesting a competitive market. Renting is also a viable option, with the average rent for a 2-bedroom apartment at 1400 and a 2-bedroom house at 1300. Factors like local amenities, quality schools, and community vibe play a crucial role in your decision. Research the neighborhood to ensure it aligns with your lifestyle and financial goals.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake havasu city, 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.): $200 per month

Living in Lake havasu city, 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 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 104.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $64027

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lake havasu city, AZ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.