Overall 32%
Goods & Services 9%
Housing 115%
Find Homes Find Rentals
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.
IndexCave CreekArizonaNational
Cost of living132101100
Goods & Services92105100
Health care8198100

Key findings

  • The cost of living in Cave Creek is 31% higher than the Arizona average
  • The cost of living in Cave Creek is 32% higher than the national average
  • Cave Creek housing is 115% higher than the national average
  • Arizona general sales tax is 10% higher than the national average
  • Arizona state income tax is 5% higher than the national average

Most Affordable Places to Live in and Around Cave Creek

See all the best places to live around Cave Creek

Compare Cave Creek, AZ Cost of Living

      How would you rate the cost of living in Cave Creek?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Cave Creek?
      Write a review to give others more information about this area.
      See all Cave Creek poll results

      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good indicator of the general affordability of housing in Cave Creek, AZ, 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 Cave Creek, the median monthly income is $86,250 for those who own their own homes. Under the standard rule, that income level would allow for $2,012 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $65,750, per the median income in the area. That would allow for renters to spend up to $1,534 on monthly rental expenses.

      Arizona Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Arizona Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemCave CreekNational avg.Difference
      Haircut $19.00$20.276.3%
      Beauty Salon $26.27$40.3935.0%
      Toothpaste $1.66$2.3629.6%
      Shampoo $0.96$1.0810.5%
      Movie $11.15$10.991.5%
      Bowling $14.58$15.495.9%


      ItemCave CreekNational avg.Difference
      Ground Beef $3.70$4.3013.8%
      Fried Chicken $1.21$1.4013.5%
      Milk $1.44$2.2034.5%
      Potatoes $2.35$3.2227.1%
      Pizza $12.16$10.7413.2%
      Beer $9.71$9.601.1%

      Health Care

      ItemCave CreekNational avg.Difference
      Optometrist $69.45$109.7336.7%
      Doctor $79.45$118.3432.9%
      Dentist $77.67$100.9423.1%
      Ibuprofen $10.18$9.932.5%
      Lipitor $476.19$469.531.4%


      ItemCave CreekNational avg.Difference
      Home Price $453,300.00$184,700.00145.4%
      Avg. Mortgage Payment $1,029.27$1,229.6216.3%
      Apartment Rent $1,362.00$949.0043.5%


      ItemCave CreekNational avg.Difference
      Gasoline $2.66$2.711.8%
      Tire Balancing $38.44$51.8625.9%


      ItemCave CreekNational avg.Difference
      All Electricity$273.18$170.8459.9%
      Phone $181.87$187.182.8%
      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

      CityPopulationCost of Living IndexNational Avg.
      Deer Creek, AZ169964.4%
      New River, AZ15,30511212.2%
      Anthem, AZ22,57111716.6%
      Carefree, AZ3,58015251.9%
      Cave Creek, AZ5,27513232.0%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Stettler County No. 6, AB5,275n/a 
      West Modesto, CA5,2741011.5%
      Bulkley-Nechako A, BC5,276n/a 
      Concordia, KS5,2737722.6%
      Batesburg-Leesville, SC5,2738910.9%
      Cave Creek, AZ5,27513232.0%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.