Globe cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGlobeArizonaNational
Cost of living index8797100
IndexGlobeArizonaNational
Goods & Services index9297100
Groceries index10198100
Health care index97100100
Housing index7194100
Transportation index9499100
Utilities index9399100
A general overview of the cost of living index for Globe, AZ is displayed above. In Globe, AZ, the overall cost of living index is 87, which is 10% lower than the Arizona average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Globe, AZ, the city's goods and services are 5% lower than the Arizona average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Globe is 10% lower than the Arizona average.
  • The cost of living in Globe is 13% lower than the national average.
  • The cost of housing in Globe is 29% lower than the national average.
  • Arizona general sales tax is 10% higher than the national average.
  • Arizona state income tax is 16% higher than the national average.

Find Real Estate Listings In Globe

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Globe

Compare Globe, AZ Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Globe, AZ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Globe, AZ, you have to earn a higher income in order to still have the same standard of living. To operate the Globe, AZ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,986$4,499$1,260$1,620
Renters$26,921$2,243$628$808
The affordability of the housing market in Globe, AZ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Globe, AZ homeowners, the median income is $53,986. This indicates that a monthly maximum of $1,260 should be spent by homeowners on all housing related costs. Renters have a median income of $26,921. This indicates that renters should have a maximum of $628 used for their rent related monthly costs.

Arizona Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arizona5.6%10.725%

Arizona Income Tax

StateIncome Tax (Low)Income Tax (High)
Arizona2.59%4.54%
The Arizona sales tax and Arizona income tax rates should definitely be considered when determining the overall cost of living in Globe, AZ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Arizona sales tax is 5.6% and the maximum surtax is 10.725%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Arizona income tax rates range from 2.59% to 4.54%.

Goods & Services

ItemGlobeNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $25.00$34.6827.9%
Toothpaste $1.69$2.4731.7%
Shampoo $0.98$1.024.1%
Movie $9.50$9.873.7%
Bowling $4.50$4.392.5%

Groceries

ItemGlobeNational avg.Difference
Ground Beef $4.64$4.483.6%
Fried Chicken $1.92$1.4631.1%
Milk $1.94$2.3617.7%
Potatoes $3.41$3.0611.4%
Pizza $10.00$9.248.2%
Beer $8.07$8.636.5%

Health Care

ItemGlobeNational avg.Difference
Optometrist $84.00$99.7815.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $7.99$9.4115.1%
Lipitor $248.90$298.5016.6%

Housing

ItemGlobeNational avg.Difference
Home Price $118,800.00$175,700.0032.4%
Avg. Mortgage Payment $997.22$1,081.037.8%
Apartment Rent $716.00$920.0022.2%

Transportation

ItemGlobeNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $40.00$45.2911.7%

Utilities

ItemGlobeNational avg.Difference
All Electricity$184.52$170.808.0%
Phone $19.99$28.2629.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Copper Hill, AZ1994-6%
Cutter, AZ6798-2%
Top-of-the-World, AZ16474-26%
Claypool, AZ1,95878-22%
Miami, AZ1,97980-20%
Globe, AZ7,46387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rockton, IL7,46193-7%
Applewood, CO7,46712424%
Centerville, GA7,46893-7%
Bastrop, TX7,46995-5%
Murillo, TX7,45473-27%
Globe, AZ7,46387-13%
Source: The Globe, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.