Cost of Living in Peoria, AZ

Housing

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

• Housing Index: 110.0 / 100
• Median Home Price is: $397500
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

Considering a move to Peoria, AZ? The housing index is relatively high at 110.0, indicating a competitive market. With a median home price of 397500, it's essential to assess your budget against local income trends. The average rent for a 2-bedroom apartment sits at 1800, while renting a 2-bedroom house costs slightly more at 1840. If purchasing a home, weigh the investment against long-term living expenses and explore nearby neighborhoods for better affordability. Remember, quality of life in this area also includes access to amenities and community services.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Peoria, 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 Peoria, 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 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: 105.3

Median Income

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

• Median Income: $86759

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 Peoria, 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.