C+
Overall 4%
Goods & Services 9%
Housing 0%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexCharcoArizonaNational
Cost of living9699100
Goods & Services9198100
Groceries10099100
Health care8998100
Housingn/a97100
Transportation100104100
Utilities107103100

Key findings

  • The cost of living in Charco is 3% lower than the Arizona average
  • The cost of living in Charco is 4% lower than the national average
  • Charco housing is 8% higher 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

Most Affordable Places to Live in and Around Charco

See all the best places to live around Charco

Compare Charco, AZ Cost of Living

      vs
      How would you rate the cost of living in Charco?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Charco?
      Write a review to give others more information about this area.
      See all Charco 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)
      Owners$0$0$0$0
      Renters$0$0$0$0

      Arizona Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Arizona5.6%10.725%

      Arizona Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Arizona2.59%4.5%

      Goods & Services

      ItemCharcoNational avg.Difference
      Haircut $15.10$17.4913.7%
      Beauty Salon $42.88$38.1712.3%
      Toothpaste $1.38$2.3240.5%
      Shampoo $1.04$1.012.8%
      Movie $8.63$10.7219.5%
      Bowling $17.00$13.8622.6%

      Groceries

      ItemCharcoNational avg.Difference
      Ground Beef $3.40$3.9012.8%
      Fried Chicken $1.61$1.4015.4%
      Milk $1.57$1.9620.0%
      Potatoes $3.06$3.183.9%
      Pizza $10.99$10.395.7%
      Beer $8.98$9.232.7%

      Health Care

      ItemCharcoNational avg.Difference
      Optometrist $96.00$106.349.7%
      Doctor $99.00$115.2514.1%
      Dentist $88.00$98.3810.6%
      Ibuprofen $7.49$9.2619.1%
      Lipitor $457.00$466.472.0%

      Housing

      ItemCharcoNational avg.Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $1,278.09$1,273.320.4%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      ItemCharcoNational avg.Difference
      Gasoline $2.69$2.593.8%
      Tire Balancing $47.50$48.902.9%

      Utilities

      ItemCharcoNational avg.Difference
      All Electricity$192.64$167.6014.9%
      Phone $175.65$163.427.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Why, AZ16296-4%
      Wahak Hotrontk, AZ11883-17%
      Charco, AZ1796-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Shoshone, CA1798-2%
      Ophir, UT1793-7%
      Catherine, AL1796-4%
      Gandy, NE1784-16%
      Brush Creek, OK1793-7%
      Charco, AZ1796-4%
      Source: The Charco, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.