Phoenix, AZ cost of living
AZ · BLS RPP 103.4
Overall RPP
103.4
US = 100
Housing RPP
112.8
Housing component
Goods RPP
100.3
Goods component
2-BR Rent (HUD)
$1,480/mo
FY2024 FMR
What salary do you need in Phoenix, AZ?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in Phoenix, AZ | Formula |
|---|---|---|
| $50,000 | $51,700 | $50,000 x (103.4/100) |
| $75,000 | $77,550 | $75,000 x (103.4/100) |
| $100,000 | $103,400 | $100,000 x (103.4/100) |
| $125,000 | $129,250 | $125,000 x (103.4/100) |
| $150,000 | $155,100 | $150,000 x (103.4/100) |
| $200,000 | $206,800 | $200,000 x (103.4/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
Arizona income tax 2.5% flat rate (since 2023). No city income tax.
Frequently asked questions
- What is the cost of living in Phoenix, AZ?
- Phoenix, AZ has a BLS Regional Price Parity of 103.4 (US average = 100). It is 3.4% more expensive than the national average.
- What salary do I need to live in Phoenix, AZ?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $103,400 in Phoenix, AZ to maintain the same purchasing power.
- What is the average rent in Phoenix, AZ?
- The HUD Fair Market Rent for a 2-bedroom in Phoenix, AZ is approximately $1,480 per month as of FY2024.
Compare with other cities
Buying a home in Phoenix, AZ? See closing costs at TallyClose.