Living in Phoenix, Arizona
Cost of living, income, home prices, rent and demographics of Phoenix · Census data 2020–2024
Phoenix has 1,642,323 residents with a median age of 34.9. The median household income is $81,332 (about the same as the Arizona median), the median home value is $420,700, the median rent is $1,582/month.
Phoenix at a glance
- Population
- 1,642,323
- Median age
- 34.9State: 39
- Median household income
- $81,332State: $79,964
- Median home value
- $420,700State: $394,500
- Median rent
- $1,582/moState: $1,543
- Homeowners
- 57.3%
- Bachelor's degree or higher
- 33.6%
- Average commute
- 26 min
Is Phoenix a good place to live?
Pros: Median household income about the same as the Arizona median; unemployment of 5%.
Cons: Home values 7% higher than the state median; an average commute of 26 minutes; a poverty rate of 13.7%.
The weather is best in February to April and November.
Cost of living in Phoenix
Housing is the biggest part of the cost of living. In Phoenix the median home value is $420,700, 26% higher than the U.S. median. Renters pay a median of $1,582 per month, which is 31% of household income. Homeowners with a mortgage pay $1,847 a month in housing costs.
Phoenix median household income
The median household income in Phoenix is $81,332 and the income per person is $41,981. 13.7% of residents live below the poverty line (Arizona: 12.5%).
Housing in Phoenix: homes for sale and rent
- Housing units
- 653,065
- Owner-occupied
- 57.3%
- Renter-occupied
- 42.7%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.65
Phoenix demographics
- Population
- 1,642,323
- Median age
- 34.9
- Under 18
- 23.6%
- 65 and older
- 12.2%
- Households
- 610,442
- Foreign-born
- 19%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Phoenix ›
Education in Phoenix
33.6% of adults 25 and older in Phoenix have a bachelor's degree or higher (Arizona: 33.3%), and 13.1% have a graduate or professional degree.
Jobs and commute in Phoenix
- Unemployment rate
- 5%State: 5.1%
- Average commute
- 26 minState: 25 min
- Work from home
- 19%
- Drive alone
- 64.2%
- Public transit
- 1.9%
- Walk to work
- 1.5%
- Homes with broadband
- 91.4%
Phoenix vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Phoenix | 1,642,323 | $81,332 | $420,700 | $1,582 |
| Glendale | 252,833 | $73,530 | $387,500 | $1,528 |
| Paradise Valley | 12,611 | $247,159 | $2,000,001 | $3,501 |
| Sun City | 37,486 | $54,586 | $280,900 | $1,569 |
| Youngtown | 7,015 | $68,321 | $320,000 | $1,157 |
| Tolleson | 7,668 | $59,626 | $306,400 | $1,309 |
| El Mirage | 36,088 | $78,050 | $321,900 | $1,806 |
| Scottsdale | 243,821 | $110,886 | $789,800 | $2,013 |
| Tempe | 188,065 | $79,663 | $455,400 | $1,743 |
More for people moving to Phoenix
Phoenix ZIP code ›Weather and climate ›Living in Phoenix: FAQ
What is the median household income in Phoenix, AZ?
The median household income in Phoenix is $81,332, about the same as the Arizona median of $79,964 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Phoenix?
The median home value in Phoenix is $420,700, compared with $394,500 in Arizona.
How much is rent in Phoenix?
The median gross rent in Phoenix is $1,582 per month, about 31% of household income.
Is Phoenix, AZ a good place to live?
Pluses: median household income about the same as the Arizona median; unemployment of 5%. Minuses: home values 7% higher than the state median; an average commute of 26 minutes; a poverty rate of 13.7%.
What is the median age in Phoenix?
The median age in Phoenix is 34.9 years (Arizona: 39).
How long is the commute in Phoenix?
The average commute to work in Phoenix is 26 minutes; 19% of workers work from home.
What is the unemployment rate in Phoenix?
The unemployment rate in Phoenix is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Phoenix?
33.6% of adults in Phoenix have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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