Camp Verde cost of living index

Displayed above is a general overview of the Camp Verde, AZ cost of living index. The overall cost of living index in Camp Verde, AZ is 92, which is 7% lower than the Arizona average and 8% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Camp Verde, AZ are 3% higher than the Arizona average and 1% higher than the national average.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Camp Verde, 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 Camp Verde, AZ, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Camp Verde, 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

If you want to find a good determining factor for the cost of living and the general affordability of housing in Camp Verde, AZ, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Camp Verde, AZ, the median monthly income is $35,960 for those who own their own homes. Under the standard rule, that income level would allow for $839 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,437, per the median income in the area. That would allow for renters to spend up to $733 on monthly rental expenses.

Arizona Sales Tax

Arizona Income Tax

When assessing the complete cost of living in Camp Verde, AZ, the Arizona income tax and the Arizona sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Arizona maximum surtax is 10.725%, and the Arizona sales tax is 5.6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.59% to 4.54% in Arizona.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Camp Verde, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.