Living in Tempe, Arizona
Cost of living, income, home prices, rent and demographics of Tempe · Census data 2020–2024
Tempe has 188,065 residents with a median age of 30. The median household income is $79,663 (about the same as the Arizona median), the median home value is $455,400, the median rent is $1,743/month.
Tempe at a glance
- Population
- 188,065
- Median age
- 30State: 39
- Median household income
- $79,663State: $79,964
- Median home value
- $455,400State: $394,500
- Median rent
- $1,743/moState: $1,543
- Homeowners
- 42.3%
- Bachelor's degree or higher
- 50%
- Average commute
- 21 min
Is Tempe a good place to live?
Pros: An average commute of 21 minutes.
Cons: Median household income about the same as the Arizona median; home values 15% higher than the state median; unemployment of 5.5%; a poverty rate of 15.8%.
The weather is best in February to April and November.
Cost of living in Tempe
Housing is the biggest part of the cost of living. In Tempe the median home value is $455,400, 37% higher than the U.S. median. Renters pay a median of $1,743 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,828 a month in housing costs.
Tempe median household income
The median household income in Tempe is $79,663 and the income per person is $44,493. 15.8% of residents live below the poverty line (Arizona: 12.5%).
Housing in Tempe: homes for sale and rent
- Housing units
- 86,182
- Owner-occupied
- 42.3%
- Renter-occupied
- 57.7%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.27
Tempe demographics
- Population
- 188,065
- Median age
- 30
- Under 18
- 14.1%
- 65 and older
- 11.1%
- Households
- 78,279
- Foreign-born
- 14.4%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Tempe ›
Education in Tempe
50% of adults 25 and older in Tempe have a bachelor's degree or higher (Arizona: 33.3%), and 21% have a graduate or professional degree.
Jobs and commute in Tempe
- Unemployment rate
- 5.5%State: 5.1%
- Average commute
- 21 minState: 25 min
- Work from home
- 21.2%
- Drive alone
- 59.1%
- Public transit
- 3.4%
- Walk to work
- 3.7%
- Homes with broadband
- 94%
Tempe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tempe | 188,065 | $79,663 | $455,400 | $1,743 |
| Guadalupe | 5,272 | $51,354 | $271,300 | $872 |
| Chandler | 280,136 | $108,095 | $507,800 | $1,902 |
| Paradise Valley | 12,611 | $247,159 | $2,000,001 | $3,501 |
| Gilbert | 280,262 | $122,551 | $575,100 | $2,110 |
| Mesa | 511,764 | $82,752 | $408,000 | $1,620 |
| Sun Lakes | 13,924 | $67,853 | $455,200 | $1,938 |
| Goodyear Village | 590 | $74,423 | $287,500 | $614 |
| Gila Crossing | 830 | $60,357 | $374,100 | — |
More for people moving to Tempe
Tempe ZIP code ›Weather and climate ›Living in Tempe: FAQ
What is the median household income in Tempe, AZ?
The median household income in Tempe is $79,663, 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 Tempe?
The median home value in Tempe is $455,400, compared with $394,500 in Arizona.
How much is rent in Tempe?
The median gross rent in Tempe is $1,743 per month, about 31.3% of household income.
Is Tempe, AZ a good place to live?
Pluses: an average commute of 21 minutes. Minuses: median household income about the same as the Arizona median; home values 15% higher than the state median; unemployment of 5.5%; a poverty rate of 15.8%.
What is the median age in Tempe?
The median age in Tempe is 30 years (Arizona: 39).
How long is the commute in Tempe?
The average commute to work in Tempe is 21 minutes; 21.2% of workers work from home.
What is the unemployment rate in Tempe?
The unemployment rate in Tempe is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tempe?
50% of adults in Tempe 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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