Somerton 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.
IndexSomertonArizonaNational
Cost of living index9297100
IndexSomertonArizonaNational
Goods & Services index10097100
Groceries index106100100
Health care index100100100
Housing index6794100
Transportation index102102100
Utilities index11398100
A general overview of the cost of living index for Somerton, AZ is displayed above. In Somerton, AZ, the overall cost of living index is 92, which is 5% lower than the Arizona average and 8% 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 Somerton, AZ, the city's goods and services are 3% higher than the Arizona average and equal to the U.S. average.

Did you know?

  • The cost of living in Somerton is 5% lower than the Arizona average.
  • The cost of living in Somerton is 8% lower than the national average.
  • The cost of housing in Somerton is 33% 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 Somerton

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Somerton

Compare Somerton, 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
Use the salary calculator to compare your current income in Somerton, AZ to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Somerton, AZ, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Somerton, AZ salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$36,914$3,076$861$1,108
Renters$16,996$1,416$397$510
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Somerton, 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 Somerton, AZ homeowners, is $36,914. This would allow for a maximum of $861 per month to be spent on housing costs. For renters, the median monthly income is $16,996 which would result in a maximum of $397 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%
When considering the overall cost of living expenses in Somerton, AZ, it's important to take into account the sales tax for Arizona, as well as the rate for income tax in Arizona. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Arizona is 10.725%, and the sales tax in the state of Arizona is 5.6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Arizona starts from 2.59% and goes up to 4.54%.

Goods & Services

ItemSomertonNational avg.Difference
Haircut $11.40$15.5626.8%
Beauty Salon $25.75$36.1128.7%
Toothpaste $2.97$2.4720.1%
Shampoo $1.03$0.966.4%
Movie $7.53$10.1325.7%
Bowling $3.67$4.7422.6%

Groceries

ItemSomertonNational avg.Difference
Ground Beef $3.54$3.9811.2%
Fried Chicken $1.50$1.416.4%
Milk $1.74$2.0615.7%
Potatoes $2.21$2.9825.9%
Pizza $10.66$9.4712.6%
Beer $8.61$8.792.1%

Health Care

ItemSomertonNational avg.Difference
Optometrist $84.89$101.0416.0%
Doctor $110.74$107.443.1%
Dentist $88.38$90.422.3%
Ibuprofen $9.92$9.286.9%
Lipitor $430.56$426.501.0%

Housing

ItemSomertonNational avg.Difference
Home Price $114,500.00$175,700.0034.8%
Avg. Mortgage Payment $988.37$1,133.2312.8%
Apartment Rent $662.00$920.0028.0%

Transportation

ItemSomertonNational avg.Difference
Gasoline $2.16$1.998.6%
Tire Balancing $39.22$45.7614.3%

Utilities

ItemSomertonNational avg.Difference
All Electricity$209.96$163.8128.2%
Phone $26.23$28.397.6%
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.
Buckshot, AZ01033%
Padre Ranchitos, AZ34575-25%
Drysdale, AZ17581-19%
Avenue B and C, AZ4,05982-18%
Wall Lane, AZ75482-18%
Somerton, AZ14,67992-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jefferson Valley-Yorktown, NY14,68215050%
Tenafly, NJ14,67218383%
Lake Wales, FL14,66587-13%
Bloomsburg, PA14,69994-6%
Jacksonville, TX14,65482-18%
Somerton, AZ14,67992-8%
Source: The Somerton, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.