Payson 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.
IndexPaysonArizonaNational
Cost of living index10597100
IndexPaysonArizonaNational
Goods & Services index10197100
Groceries index103100100
Health care index111100100
Housing index10694100
Transportation index107102100
Utilities index11198100
The above illustration supplies generalized information for the Payson, AZ cost of living index. Compared to other cities in Arizona and cities across the country, the cost of living index in Payson, AZ is 105, which is 8% higher than the Arizona average and 5% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Payson, AZ are 4% higher than the average for Arizona and 1% higher than the rest of the country.

Did you know?

  • The cost of living in Payson is 8% higher than the Arizona average.
  • The cost of living in Payson is 5% higher than the national average.
  • The cost of housing in Payson is 6% higher 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.

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Compare Payson, 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
The salary calculator is meant to help you compare your salary in Payson, AZ to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Payson, AZ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Payson, AZ salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,990$4,083$1,143$1,470
Renters$30,179$2,515$704$905
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Payson, AZ as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Payson, AZ homeowners, is $48,990. This would allow for a maximum of $1,143 per month to be spent on housing costs. For renters, the median monthly income is $30,179 which would result in a maximum of $704 to be spent on rental 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%
For those who live in Payson, AZ and want to know what the true cost of living is, they ought to look at both the Arizona income tax rate and the Arizona sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Arizona, the sales tax is 5.6%, while the most you'll pay in surtax is 10.725%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Arizona, the income tax rate ranges between 2.59% to 4.54%.

Goods & Services

ItemPaysonNational avg.Difference
Haircut $14.87$15.564.4%
Beauty Salon $24.11$36.1133.2%
Toothpaste $2.24$2.479.5%
Shampoo $1.09$0.9613.0%
Movie $9.00$10.1311.1%
Bowling $4.50$4.745.0%

Groceries

ItemPaysonNational avg.Difference
Ground Beef $4.08$3.982.5%
Fried Chicken $1.56$1.4110.6%
Milk $1.62$2.0621.7%
Potatoes $3.72$2.9824.7%
Pizza $9.12$9.473.7%
Beer $8.69$8.791.2%

Health Care

ItemPaysonNational avg.Difference
Optometrist $108.85$101.047.7%
Doctor $116.64$107.448.6%
Dentist $111.08$90.4222.9%
Ibuprofen $9.60$9.283.4%
Lipitor $412.86$426.503.2%

Housing

ItemPaysonNational avg.Difference
Home Price $192,000.00$175,700.009.3%
Avg. Mortgage Payment $1,595.26$1,133.2340.8%
Apartment Rent $900.00$920.002.2%

Transportation

ItemPaysonNational avg.Difference
Gasoline $2.16$1.998.5%
Tire Balancing $47.28$45.763.3%

Utilities

ItemPaysonNational avg.Difference
All Electricity$147.57$163.819.9%
Phone $40.00$28.3940.9%
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.
Rye, AZ6397-3%
Bear Flat, AZ91044%
Flowing Springs, AZ61044%
Mead Ranch, AZ301044%
Geronimo Estates, AZ2021044%
Payson, AZ15,2341055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Estelle, LA15,23696-4%
North New Hyde Park, NY15,23017777%
Cherryland, CA15,24412929%
Long Beach, MS15,224100-0%
West University Place, TX15,22318585%
Payson, AZ15,2341055%
Source: The Payson, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.