Flowing Wells, Arizona Cost Of Living

Buy Rent

B+

13%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

51%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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.
Index	Flowing Wells	Arizona	National
Cost of living	87	101	100
Goods & Services	104	105	100
Groceries	101	104	100
Health care	104	98	100
Housing	49	97	100
Transportation	104	97	100
Utilities	104	103	100

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Key findings

The cost of living in Flowing Wells is 14% lower than the Arizona average
The cost of living in Flowing Wells is 13% lower than the national average
Flowing Wells housing is 51% lower 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

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$34,187	$2,849	$798	$1,026
Renters	$29,117	$2,426	$679	$874

The affordability of the housing market in Flowing Wells, AZ as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Flowing Wells homeowners, the median income is $34,187. This indicates that a monthly maximum of $798 should be spent by homeowners on all housing related costs. Renters have a median income of $29,117. This indicates that renters would have a maximum of $679 for their rent related monthly costs.

Arizona Sales Tax

State	General Sales Tax	With Max Surtax
Arizona	5.6%	10.725%

Arizona Income Tax

State	Income Tax (Low)	Income Tax (High)
Arizona	2.59%	4.5%

Goods & Services

Item	Flowing Wells	National avg.	Difference
Haircut	$20.84	$20.27	2.8%
Beauty Salon	$47.35	$40.39	17.2%
Toothpaste	$2.09	$2.36	11.4%
Shampoo	$1.02	$1.08	5.2%
Movie	$11.16	$10.99	1.6%
Bowling	$9.56	$15.49	38.3%

Groceries

Item	Flowing Wells	National avg.	Difference
Ground Beef	$3.92	$4.30	8.7%
Fried Chicken	$1.48	$1.40	5.5%
Milk	$1.70	$2.20	22.7%
Potatoes	$2.48	$3.22	23.0%
Pizza	$11.90	$10.74	10.8%
Beer	$9.92	$9.60	3.3%

Health Care

Item	Flowing Wells	National avg.	Difference
Optometrist	$104.16	$109.73	5.1%
Doctor	$140.19	$118.34	18.5%
Dentist	$102.09	$100.94	1.1%
Ibuprofen	$9.82	$9.93	1.1%
Lipitor	$477.34	$469.53	1.7%

Housing

Item	Flowing Wells	National avg.	Difference
Home Price	$60,900.00	$184,700.00	67.0%
Avg. Mortgage Payment	$1,374.83	$1,229.62	11.8%
Apartment Rent	$812.00	$949.00	14.4%

Transportation

Item	Flowing Wells	National avg.	Difference
Gasoline	$2.63	$2.71	2.8%
Tire Balancing	$59.60	$51.86	14.9%

Utilities

Item	Flowing Wells	National avg.	Difference
All Electricity	$185.85	$170.84	8.8%
Phone	$181.82	$187.18	2.9%

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	Population	Cost of Living Index	National Avg.
Rillito, AZ	53	103	3.4%
Summerhaven, AZ	167	103	3.4%
South Tucson, AZ	5,627	86	13.8%
Littletown, AZ	645	90	10.4%
Picture Rocks, AZ	8,562	93	7.3%
Flowing Wells, AZ	15,601	87	13.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Laurinburg, NC	15,601	91	8.8%
Los Osos, CA	15,603	140	40.0%
Mitchell, SD	15,610	85	15.3%
Sunland Park, NM	15,588	87	13.2%
Brooks, AB	15,617	n/a
Flowing Wells, AZ	15,601	87	13.0%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.