Verde Village 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.
IndexVerde VillageArizonaNational
Cost of living index9297100
IndexVerde VillageArizonaNational
Goods & Services index9297100
Groceries index9398100
Health care index95100100
Housing index8894100
Transportation index10099100
Utilities index9599100
The above illustration supplies generalized information for the Verde Village, AZ cost of living index. Compared to other cities in Arizona and cities across the country, the cost of living index in Verde Village, AZ is 92, which is 5% lower than the Arizona average and 8% lower 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 Verde Village, AZ are 5% lower than the average for Arizona and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Verde Village is 5% lower than the Arizona average.
  • The cost of living in Verde Village is 8% lower than the national average.
  • The cost of housing in Verde Village is 12% 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.

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Compare Verde Village, AZ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Verde Village, AZ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Verde Village, AZ, then you would need to earn more income in order to maintain the same standard of living. To use the Verde Village, AZ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,661$4,305$1,205$1,550
Renters$27,039$2,253$631$811
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Verde Village, AZ, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Verde Village, AZ has a median income of about $51,661 for people who own homes. Based on that number, a person should spend a maximum of $1,205 on expenses related to housing. Renters have a slightly different median income, which is $27,039. Based on this average, renters should spend no more than $631 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%
One thing to keep in mind when considering the cost of living in Verde Village, AZ is the Arizona sales tax and Arizona income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Arizona sales tax rate is 5.6% and the maximum surtax that can be charged is 10.725%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Arizona income tax rates range from 2.59% to 4.54%.

Goods & Services

ItemVerde VillageNational avg.Difference
Haircut $13.17$14.599.8%
Beauty Salon $26.66$34.6823.1%
Toothpaste $2.03$2.4717.9%
Shampoo $0.96$1.026.1%
Movie $8.50$9.8713.9%
Bowling $3.25$4.3926.0%

Groceries

ItemVerde VillageNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.54$1.465.2%
Milk $1.67$2.3629.1%
Potatoes $3.49$3.0614.0%
Pizza $8.00$9.2413.4%
Beer $8.04$8.636.9%

Health Care

ItemVerde VillageNational avg.Difference
Optometrist $97.80$99.782.0%
Doctor $96.20$105.038.4%
Dentist $85.75$88.703.3%
Ibuprofen $8.61$9.418.5%
Lipitor $288.75$298.503.3%

Housing

ItemVerde VillageNational avg.Difference
Home Price $144,600.00$175,700.0017.7%
Avg. Mortgage Payment $1,112.00$1,081.032.9%
Apartment Rent $937.00$920.001.8%

Transportation

ItemVerde VillageNational avg.Difference
Gasoline $2.18$2.094.3%
Tire Balancing $39.20$45.2913.4%

Utilities

ItemVerde VillageNational avg.Difference
All Electricity$169.27$170.800.9%
Phone $25.39$28.2610.1%
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.
Cottonwood, AZ18575-25%
Camp Verde, AZ10,96588-12%
Cottonwood city, AZ11,35889-11%
Lake Montezuma, AZ5,59489-11%
Dewey-Humboldt, AZ3,91393-7%
Verde Village, AZ12,73992-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodhaven, MI12,74789-11%
Short Hills, NJ12,729213113%
Kailua, HI12,72715555%
Herrin, IL12,72182-18%
Superior, CO12,71613434%
Verde Village, AZ12,73992-8%
Source: The Verde Village, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.