Flagstaff cost of living index

A general overview of the cost of living index for Flagstaff, AZ is displayed above. In Flagstaff, AZ, the overall cost of living index is 115, which is 18% higher than the Arizona average and 15% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Flagstaff, AZ, the city's goods and services are 4% higher than the Arizona average and 1% higher than the U.S. average.

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Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Flagstaff, AZ to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Flagstaff, AZ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Flagstaff, AZ salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Flagstaff, AZ, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Flagstaff, AZ homeowners have a median income of $81,507. Using that number, you will come up with a maximum of $1,902 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $33,838, which means there is a maximum of $790 to be spent on the costs of renting a home or apartment.

Arizona Sales Tax

Arizona Income Tax

When assessing the complete cost of living in Flagstaff, 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 Flagstaff, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.