Quick facts: Tucson, AZ

Quick Facts

95.4
Cost of Living
below US average
546,574
Population
39.99
Crime Rate per 1000
above US average
$52,049
Median Income
below US average
$610,000
Median House Price
above US average
$1325
Average Rent
below US average
13%
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 $52,049.

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Income Needed to Buy

βœ— Stretch
$191k/year
Based on $610,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $191k vs median $52,049
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $52,049
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tucson, AZ

Tucson, Arizona, is a vibrant city located in the southern part of the state, surrounded by picturesque mountains and a rich desert landscape. Known for its warm climate, Tucson experiences over 300 days of sunshine annually, making it an attractive destination for outdoor enthusiasts. The city is home to the University of Arizona, which contributes to its youthful energy and cultural diversity. Tucson's history is deeply rooted in Native American and Spanish influences, evident in its architecture, cuisine, and traditions. The downtown area features historic buildings, art galleries, and a thriving food scene that offers a mix of traditional Mexican dishes and modern culinary experiences. Outdoor activities abound, with the Saguaro National Park showcasing the iconic saguaro cactus and numerous hiking trails. Tucson also hosts various annual events, including the Tucson Gem and Mineral Show and the Tucson Rodeo, reflecting its unique cultural heritage. With a population of around 550,000, Tucson balances urban living with a close-knit community feel, making it an appealing place for residents and visitors alike.

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