Fountain Hills, Arizona Cost Of Living

F

20%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

74%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Fountain Hills	Arizona	National
Cost of living	120	100	100
Goods & Services	92	101	100
Groceries	100	103	100
Health care	93	96	100
Housing	174	97	100
Transportation	107	103	100
Utilities	103	99	100

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Cost Of Living Quick Facts

The cost of living in Fountain Hills is 21% higher than the Arizona average
The cost of living in Fountain Hills is 20% higher than the national average
Fountain Hills housing is 74% higher 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

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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	$95,012	$7,918	$2,217	$2,851
Renters	$54,186	$4,516	$1,264	$1,626

To approximate the cost of living and the housing affordability in Fountain Hills, AZ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Fountain Hills have a median income of $95,012. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,217 per month to avoid calamity and poverty. The renters in the city have an income of about $54,186, which would make their monthly maximum allowable rental costs $1,264.

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	Fountain Hills	National avg.	Difference
Haircut	$19.25	$22.08	12.8%
Beauty Salon	$50.83	$42.88	18.6%
Toothpaste	$2.22	$2.57	13.5%
Shampoo	$0.97	$1.15	16.2%
Movie	$10.53	$11.51	8.5%
Bowling	$16.03	$16.62	3.5%

Groceries

Item	Fountain Hills	National avg.	Difference
Ground Beef	$5.79	$4.98	16.2%
Fried Chicken	$1.65	$1.58	4.4%
Milk	$2.06	$2.42	14.7%
Potatoes	$3.10	$3.54	12.4%
Pizza	$12.15	$11.49	5.7%
Beer	$10.57	$10.04	5.3%

Health Care

Item	Fountain Hills	National avg.	Difference
Optometrist	$117.08	$117.76	0.6%
Doctor	$99.00	$125.34	21.0%
Dentist	$99.00	$107.52	7.9%
Ibuprofen	$13.51	$10.26	31.7%
Lipitor	$471.44	$459.24	2.7%

Housing

Item	Fountain Hills	National avg.	Difference
Home Price	$408,600.00	$184,700.00	121.2%
Avg. Mortgage Payment	$1,956.25	$1,697.41	15.2%
Apartment Rent	$1,444.00	$949.00	52.2%

Transportation

Item	Fountain Hills	National avg.	Difference
Gasoline	$4.30	$3.85	11.7%
Tire Balancing	$55.48	$57.01	2.7%

Utilities

Item	Fountain Hills	National avg.	Difference
All Electricity	$187.70	$177.27	5.9%
Phone	$185.99	$189.62	1.9%

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.
Apache Junction, AZ	41,863	86	14.5%
Mesa, AZ	508,918	96	4.4%
Tempe, AZ	191,607	102	2.2%
Scottsdale, AZ	254,995	125	25.2%
Rio Verde, AZ	2,327	148	48.2%
Fountain Hills, AZ	25,167	120	20.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Palm Springs, FL	25,168	96	4.3%
Homewood, AL	25,170	111	11.0%
Haines City, FL	25,178	91	8.8%
Austin, MN	25,180	85	14.5%
Caledonia, WI	25,182	100	0.5%
Fountain Hills, AZ	25,167	120	20.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.