Quick facts: Lake havasu city, AZ

Quick Facts

104.3
Cost of Living
above US average
58,926
Population
12.88
Crime Rate per 1000
below US average
$64,027
Median Income
below US average
$376,000
Median House Price
above US average
$1871.55
Average Rent
above US average
11%
Poverty Rate
above US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $64,027.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $376,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $64,027
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Income Needed to Rent

⚠ Stretch
$80k/year
Based on $1871.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $80k vs median $64,027
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake havasu city, AZ

Lake Havasu City, located in Mohave County, Arizona, is a vibrant city known for its picturesque views and recreational opportunities centered around Lake Havasu. It was founded in the 1960s and has since developed into a popular tourist destination. The city is renowned for the London Bridge, originally built in the 1830s and relocated here in 1971, making it a unique landmark in the Southwest. The climate in Lake Havasu City is characterized by hot summers and mild winters, attracting visitors year-round for outdoor activities. Water sports, such as boating, jet skiing, and fishing, are prevalent, as well as hiking and off-roading in the surrounding desert landscapes. The city hosts various festivals and events, including the Lake Havasu Music Festival and the annual Winterfest. With a population of around 55,000, Lake Havasu City offers a blend of small-town charm and modern amenities, including shopping, dining, and entertainment options. Its scenic beauty and recreational offerings make it a desirable location for both residents and tourists. The city's welcoming atmosphere complemented by its stunning lake views truly captures the spirit of Arizona's natural beauty.

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