B+
Overall 15%
Goods & Services 6%
Housing 56%
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.
IndexCottonwood CDPArizonaNational
Cost of living8599100
Goods & Services10698100
Groceries10299100
Health care9598100
Housing4497100
Transportation102104100
Utilities94103100

Key findings

  • The cost of living in Cottonwood CDP is 14% lower than the Arizona average
  • The cost of living in Cottonwood CDP is 15% lower than the national average
  • Cottonwood CDP housing is 56% 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

Most Affordable Places to Live in and Around Cottonwood CDP

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Compare Cottonwood CDP, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$34,583$2,882$807$1,038
      Renters$35,313$2,943$824$1,059
      A good way to judge both the affordability of the housing and the cost of living in Cottonwood CDP 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. Cottonwood CDP has a median income of about $34,583 for people who own homes. Based on that number, a maximum of $807 should be spent on expenses related to housing. Renters have a slightly different median income, which is $35,313. Based on this average, renters should spend no more than $824 on all 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%4.5%

      Goods & Services

      ItemCottonwood CDPNational avg.Difference
      Haircut $16.25$17.497.1%
      Beauty Salon $34.00$38.1710.9%
      Toothpaste $2.18$2.326.1%
      Shampoo $0.99$1.012.2%
      Movie $9.63$10.7210.2%
      Bowling $15.00$13.868.2%

      Groceries

      ItemCottonwood CDPNational avg.Difference
      Ground Beef $4.74$3.9021.5%
      Fried Chicken $1.28$1.408.3%
      Milk $1.61$1.9617.9%
      Potatoes $2.48$3.1822.1%
      Pizza $12.99$10.3925.0%
      Beer $10.15$9.2310.0%

      Health Care

      ItemCottonwood CDPNational avg.Difference
      Optometrist $94.28$106.3411.3%
      Doctor $97.40$115.2515.5%
      Dentist $91.00$98.387.5%
      Ibuprofen $10.32$9.2611.4%
      Lipitor $512.62$466.479.9%

      Housing

      ItemCottonwood CDPNational avg.Difference
      Home Price $76,300.00$184,700.0058.7%
      Avg. Mortgage Payment $1,687.53$1,273.3232.5%
      Apartment Rent $469.00$949.0050.6%

      Transportation

      ItemCottonwood CDPNational avg.Difference
      Gasoline $2.89$2.5911.6%
      Tire Balancing $43.33$48.9011.4%

      Utilities

      ItemCottonwood CDPNational avg.Difference
      All Electricity$153.81$167.608.2%
      Phone $176.55$163.428.0%
      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, AZ11,59895-5%
      Lake Montezuma, AZ5,22797-3%
      Camp Verde, AZ11,09697-3%
      Verde Village, AZ13,28799-1%
      Clarkdale, AZ4,1591011%
      Cottonwood CDP, AZ18685-15%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Rush Hill, MO18687-13%
      Sylvester, WV18675-25%
      Arcadia, OK18678-22%
      Loomis, MI18681-19%
      Ocean City, WA1861055%
      Cottonwood CDP, AZ18685-15%
      Source: The Cottonwood CDP, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.