A-
8%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Valencia West Arizona National
Cost of living108101100
Goods & Services109104100
Groceries105102100
Health care9094100
Housing11297100
Transportation108106100
Utilities10295100

An Overview of Cost of Living in Valencia West, AZ

Knowing the cost of living in Valencia West allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Valencia West stands at 108, marking it 8% higher than the national average.

The cost of living in Valencia West aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Valencia West residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Valencia West Affordable?

Wondering if Valencia West is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Valencia West, for example, the median home price is 8.4% higher than what folks pay nationally, and monthly rent is 19.8% higher than the usual rates. Plus, income levels matter too, with Valencia West boasting a median household income of $63,929, which is 15.6% higher than the national average.

What Factors can Influence the Cost of Living in Valencia West?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Valencia West, the healthcare costs are 10.2% lower than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Valencia West, the groceries index is 5.2% higher than the national average.

Where is the Data From?

The cost of living in Valencia West, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Valencia West is 7% higher than the Arizona average
  • The cost of living in Valencia West is 8% higher than the national average
  • Valencia West housing is 12% higher than the national average
  • Arizona general sales tax is 10% higher than the national average
  • Arizona state income tax is 13% higher than the national average

Most Affordable Places to Live in and Around Valencia West

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Compare Valencia West, AZ Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$67,563$5,630$1,576$2,027
      Renters$50,980$4,248$1,189$1,530
      A good way to judge both the affordability of the housing and the cost of living in Valencia West is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Valencia West has a median income of about $67,563 for people who own homes. Based on that number, a maximum of $1,576 should be spent on expenses related to housing. Renters have a slightly different median income, which is $50,980. Based on this average, renters should spend no more than $1,189 on all rental costs if they want to maintain a non-impoverished standard of living.

      Arizona Sales Tax

      State General Sales Tax With Max Surtax
      Arizona 5.6% 10.725%

      Arizona Income Tax

      State Income Tax (Low) Income Tax (High)
      Arizona 2.55% 2.98%

      Goods & Services

      Item Valencia West National avg. Difference
      Haircut $29.15$24.2620.2%
      Beauty Salon $45.06$45.561.1%
      Toothpaste $3.64$3.701.8%
      Shampoo $1.33$1.284.1%
      Movie $12.36$12.131.9%
      Bowling $13.68$18.0024.0%

      Groceries

      Item Valencia West National avg. Difference
      Ground Beef $6.07$5.844.0%
      Fried Chicken $1.41$1.5710.3%
      Milk $4.75$4.671.7%
      Potatoes $4.58$4.937.1%
      Pizza $12.52$12.093.6%
      Beer $11.13$10.416.9%

      Health Care

      Item Valencia West National avg. Difference
      Optometrist $116.73$125.687.1%
      Doctor $125.31$135.787.7%
      Dentist $101.61$113.2910.3%
      Ibuprofen $11.03$10.653.6%
      Lipitor $370.51$468.6020.9%

      Housing

      Item Valencia West National avg. Difference
      Home Price $200,300.00$184,700.008.4%
      Avg. Mortgage Payment $2,328.25$2,346.690.8%
      Apartment Rent $1,137.00$949.0019.8%

      Transportation

      Item Valencia West National avg. Difference
      Gasoline $4.05$3.4617.0%
      Tire Balancing $52.24$59.9212.8%

      Utilities

      Item Valencia West National avg. Difference
      All Electricity $198.69$193.992.4%
      Phone $193.20$192.250.5%
      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 Population Cost of Living Index National Avg.
      Flowing Wells, AZ17,2278712.8%
      Summit, AZ5,0668911.1%
      Littletown, AZ645918.7%
      Three Points, AZ4,620928.5%
      South Tucson, AZ5,692928.4%
      Valencia West, AZ12,2011087.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bainbridge, GA12,2008515.4%
      Coldwater, MI12,2038316.9%
      Tucson Estates, AZ12,1981000.2%
      Eatontown, NJ12,19513535.0%
      Princeton, TX12,20811514.5%
      Valencia West, AZ12,2011087.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.