Fort Mohave, Arizona Cost Of Living

Buy Rent

B

12%

Overall NAT. AVG.

14%

Goods & Services NAT. AVG.

16%

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	Fort Mohave	Arizona	National
Cost of living	88	101	100
Goods & Services	86	105	100
Groceries	96	104	100
Health care	92	98	100
Housing	84	97	100
Transportation	95	97	100
Utilities	89	103	100

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Key findings

The cost of living in Fort Mohave is 13% lower than the Arizona average
The cost of living in Fort Mohave is 12% lower than the national average
Fort Mohave housing is 16% 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	$51,221	$4,268	$1,195	$1,537
Renters	$30,023	$2,502	$700	$901

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 $51,221 for people who own homes. Based on that number, a maximum of $1,195 should be spent on expenses related to housing. Renters have a slightly different median income, which is $30,023. Based on this average, renters should spend no more than $700 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	2.59%	4.5%

Goods & Services

Item	Fort Mohave	National avg.	Difference
Haircut	$16.67	$20.27	17.8%
Beauty Salon	$28.13	$40.39	30.4%
Toothpaste	$1.91	$2.36	19.2%
Shampoo	$1.06	$1.08	1.8%
Movie	$9.63	$10.99	12.4%
Bowling	$6.25	$15.49	59.7%

Groceries

Item	Fort Mohave	National avg.	Difference
Ground Beef	$4.09	$4.30	4.7%
Fried Chicken	$1.07	$1.40	23.8%
Milk	$1.84	$2.20	16.5%
Potatoes	$2.38	$3.22	26.1%
Pizza	$9.49	$10.74	11.6%
Beer	$9.65	$9.60	0.5%

Health Care

Item	Fort Mohave	National avg.	Difference
Optometrist	$87.17	$109.73	20.6%
Doctor	$101.39	$118.34	14.3%
Dentist	$96.44	$100.94	4.5%
Ibuprofen	$9.22	$9.93	7.1%
Lipitor	$460.64	$469.53	1.9%

Housing

Item	Fort Mohave	National avg.	Difference
Home Price	$140,600.00	$184,700.00	23.9%
Avg. Mortgage Payment	$1,358.47	$1,229.62	10.5%
Apartment Rent	$961.00	$949.00	1.3%

Transportation

Item	Fort Mohave	National avg.	Difference
Gasoline	$2.54	$2.71	6.2%
Tire Balancing	$50.78	$51.86	2.1%

Utilities

Item	Fort Mohave	National avg.	Difference
All Electricity	$141.06	$170.84	17.4%
Phone	$180.52	$187.18	3.6%

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.
Oatman, AZ	81	90	10.3%
Mojave Ranch Estates, AZ	26	90	10.3%
Arizona Village, AZ	966	77	22.9%
Needles, CA	4,945	78	22.2%
Willow Valley, AZ	844	81	19.3%
Fort Mohave, AZ	14,230	88	12.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Franklin Park, PA	14,228	121	21.1%
Colesville, MD	14,233	137	36.7%
North Perth, ON	14,233	n/a
Hugo, MN	14,223	113	13.4%
Sainte-Adèle, QC	14,237	n/a
Fort Mohave, AZ	14,230	88	12.1%

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