| Index | Eloy | Arizona | National |
| Cost of living | 92 | 101 | 100 |
| Groceries | 104 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 65 | 96 | 100 |
| Transportation | 105 | 102 | 100 |
| Utilities | 109 | 111 | 100 |
| Lifestyle & Entertainment | 98 | 103 | 100 |
| Household Items | 102 | 101 | 100 |
| Education & Childcare | 103 | 103 | 100 |
Getting a feel for the cost of living in Eloy is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Eloy is 92, which is 8% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Eloy are priced in a manner consistent with other areas. This means that residents of Eloy can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Eloy affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Eloy, for instance, where the median home price falls 41.1% lower than the national average, and monthly rent rates are 20.6% lower than usual. Additionally, median income levels contribute to the equation, with Eloy flaunting a median household income of $56,390, 30.7% lower than the national norm.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Eloy, the healthcare costs are 2.1% higher than the national average.
The Eloy cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $88,183 | $7,349 | $2,057 | $2,646 |
| Renters | $23,361 | $1,947 | $545 | $701 |
| State | General Sales Tax | With Max Surtax |
| Arizona | 5.6% | 10.725% |
| State | Income Tax (Low) | Income Tax (High) |
| Arizona | 2.5% | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| Chuichu, AZ | 289 | 103 | 3.1% |
| Sacate Village, AZ | 365 | 87 | 13.4% |
| Red Rock CDP (Apache County), AZ | 179 | 88 | 12.0% |
| Cactus Forest, AZ | 720 | 89 | 10.6% |
| Coolidge, AZ | 13,315 | 94 | 5.9% |
| Eloy, AZ | 18,990 | 92 | 8.3% |
| City | Population | Cost of Living Index | National Avg. |
| Hyattsville, MD | 18,985 | 130 | 29.9% |
| Sainte-Catherine, QC | 19,000 | n/a | |
| Brownwood, TX | 18,977 | 87 | 12.8% |
| Castaic, CA | 19,003 | 168 | 67.5% |
| Rancho Mirage, CA | 19,003 | 156 | 56.1% |
| Eloy, AZ | 18,990 | 92 | 8.3% |
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