Arizona Cost of Living Compared to Other States

According to the Council for Community and Economic Research, here are the top three most expensive cities in the U.S.

Number 1. San Francisco – you’ll need to make at least $120,000 a year to live comfortably . Currently the median home value in the Bay Area is $935,000. Average rent for an apartment is $4,000 per month.

Number 2. Manhattan, New York – You need to make at least $99,000 per year to live comfortably. The average rent for an apartment is $4,500 and a median home value is $871,000.

Number 3. Washington D.C. – You’ll need to make at least $90,000 per year. The average cost for rent of an apartment is around $2,000 per month and a median priced home value is $500,000.

The three most affordable cities in the U.S., according to SmartAsset are Pecos and Kermit, Texas, along with Federal Heights, Colorado, and Holbrook, Arizona.

In Arizona as a whole, according to Zillow, the median price for a home is $233,000. The average rent for a one-bedroom apartment is $800.00-per month. To be considered low income for one person is $36,000 per year. For a family of four, low income is $51,000.