Phoenix is a major metropolitan area in AZ with a population of 1,563,001 residents. With a median home price of $382,216 (9% above the national median) and median household income of $59,662, Phoenix is considered somewhat expensive with a price-to-income ratio of 6.4x.
The real estate market in Phoenix features a median home price of $382,216, which is 9% higher than the U.S. national median of $350,000. Monthly rent averages $1,593, 6% above the national average. Over the past decade, rent has increased by 81%.
Phoenix has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Phoenix offers a median household income of $59,662, which is 15% lower than the national median of $70,000. Residents spend approximately 32% of their income on rent annually, which may pose affordability challenges for some households.
Understanding the climate of Phoenix is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Phoenix compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Phoenix is $382,216, with average monthly rent of $1,593. The median household income is $59,662, giving the city a price-to-income ratio of 6.4x.
Phoenix is considered expensive with a price-to-income ratio of 6.4x, above the national average of 5x.
Phoenix has a population of 1,563,001 residents, making it the #6 largest city in the United States.
Phoenix has a violent crime rate of 426 per 100,000 residents, which is near the national average. The property crime rate is 2115 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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