A+
8%
Overall NAT. AVG.
17%
Goods & Services NAT. AVG.
3%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Fort Mohave Arizona National
Cost of living92101100
Goods & Services83104100
Groceries100102100
Health care9294100
Housing9797100
Transportation99106100
Utilities8795100

An Overview of Cost of Living in Fort Mohave, AZ

Knowing the cost of living in Fort Mohave allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Fort Mohave stands at 92, marking it 8% lower than the national average.

The cost of living in Fort Mohave is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Everyday staples like clothes, toiletries and entertainment expenses play a big role in your total living costs. But in Fort Mohave, these goods are 17.4% cheaper than the national average. So, you can enjoy what you need and love without emptying your wallet. Plus, you'll have more cash to put towards your savings or any other money goals you have, which is a real boost for your financial well-being.

Is Fort Mohave Affordable?

Is Fort Mohave an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Fort Mohave, the median home price is 2.8% lower than what most folks pay across the country, and monthly rent prices are 2.4% lower than the usual rates. Income levels in Fort Mohave come in at $58,890, which is 6.4% higher than the national average.

What Factors can Influence the Cost of Living in Fort Mohave?

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.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Fort Mohave, the standard sales tax rate starts at 5.6%, and the income tax rates commence at 2.55%.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Fort Mohave, the groceries index is 0.5% lower than the national average.

Where is the Data From?

The Fort Mohave cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Fort Mohave is 9% lower than the Arizona average
  • The cost of living in Fort Mohave is 8% lower than the national average
  • Fort Mohave housing is 3% lower than the national average
  • Arizona general sales tax is 10% higher than the national average
  • Arizona state income tax is 13% higher than the national average

Most Affordable Places to Live in and Around Fort Mohave

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Compare Fort Mohave, 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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$63,069$5,256$1,472$1,892
      Renters$39,186$3,266$914$1,176
      A good way to judge both the affordability of the housing and the cost of living in Fort Mohave 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. Fort Mohave has a median income of about $63,069 for people who own homes. Based on that number, a maximum of $1,472 should be spent on expenses related to housing. Renters have a slightly different median income, which is $39,186. Based on this average, renters should spend no more than $914 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 2.55% 2.98%

      Goods & Services

      Item Fort Mohave National avg. Difference
      Haircut $30.00$24.2623.7%
      Beauty Salon $45.83$45.560.6%
      Toothpaste $3.41$3.708.0%
      Shampoo $1.35$1.285.4%
      Movie $13.08$12.137.8%
      Bowling $27.50$18.0052.8%

      Groceries

      Item Fort Mohave National avg. Difference
      Ground Beef $6.14$5.845.1%
      Fried Chicken $1.46$1.577.0%
      Milk $4.89$4.674.7%
      Potatoes $4.66$4.935.6%
      Pizza $14.82$12.0922.6%
      Beer $11.30$10.418.5%

      Health Care

      Item Fort Mohave National avg. Difference
      Optometrist $169.83$125.6835.1%
      Doctor $136.00$135.780.2%
      Dentist $124.17$113.299.6%
      Ibuprofen $11.20$10.655.1%
      Lipitor $521.56$468.6011.3%

      Housing

      Item Fort Mohave National avg. Difference
      Home Price $179,600.00$184,700.002.8%
      Avg. Mortgage Payment $3,416.09$2,346.6945.6%
      Apartment Rent $926.00$949.002.4%

      Transportation

      Item Fort Mohave National avg. Difference
      Gasoline $3.93$3.4613.4%
      Tire Balancing $72.35$59.9220.8%

      Utilities

      Item Fort Mohave National avg. Difference
      All Electricity $145.78$193.9924.9%
      Phone $185.71$192.253.4%
      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.
      Mojave Ranch Estates, AZ88910.7%
      Oatman, AZ438910.7%
      Arizona Village, AZ8227921.2%
      Needles, CA4,9598119.2%
      Willow Valley, AZ6908217.6%
      Fort Mohave, AZ16,016928.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Opa-locka, FL16,0081010.7%
      Fremont, OH16,0058712.7%
      Buford, GA16,0031066.5%
      Tracadie, NB16,034n/a 
      White Center, WA15,99514444.1%
      Fort Mohave, AZ16,016928.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.