Cost of Living in Phoenix
Median income in Phoenix is $54,000/year ($4,500/month). Here is how to budget every dollar.
Average Rent in Phoenix
$1,100
Studio
$1,350
1 Bedroom
$1,650
2 Bedrooms
Monthly Budget Breakdown: $4,500/month
How to allocate the median Phoenix income of $54,000/year after taxes.
Housing
$1,350
Food & Groceries
$450
Transportation
$380
Utilities
$250
Healthcare
$225
Entertainment
$270
Personal & Other
$225
Savings
$1,350
Total
$4,500
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Affordable Neighborhoods in Phoenix
Tempe and Mesa offer lower rents with good freeway access to central Phoenix
Maryvale and Laveen are among the most affordable neighborhoods in the metro
Downtown Phoenix has been revitalized with new apartments and light rail access
Money-Saving Tips for Phoenix
Summer electricity bills can spike — budget $250–$350/month for AC from May through September
Use the Valley Metro light rail for commuting downtown instead of driving
Shop at Fry's and WinCo Foods for significant grocery savings
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