Gilbert, AZ Cost Of Living

Gilbert cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Gilbert	Arizona	National
Cost of living index	109	98	100
Index	Gilbert	Arizona	National
Goods & Services index	94	98	100
Groceries index	97	101	100
Health care index	98	97	100
Housing index	142	97	100
Transportation index	92	100	100
Utilities index	96	99	100

The above illustration supplies generalized information for the Gilbert, AZ cost of living index. Compared to other cities in Arizona and cities across the country, the cost of living index in Gilbert, AZ is 109, which is 11% higher than the Arizona average and 9% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Gilbert, AZ are 4% lower than the average for Arizona and 6% lower than the rest of the country.

Did you know?

The cost of living in Gilbert is 11% higher than the Arizona average.
The cost of living in Gilbert is 9% higher than the national average.
The cost of housing in Gilbert is 42% higher than the national average.
Arizona general sales tax is 10% higher than the national average.
Arizona state income tax is 16% higher than the national average.

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Salary Calculator

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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

Using the salary calculator lets you compare the salary you earn in Gilbert, AZ to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Gilbert, AZ, you have to earn a higher income in order to still have the same standard of living. To operate the Gilbert, AZ salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$98,611	$8,218	$2,301	$2,959
Renters	$59,121	$4,927	$1,379	$1,774

The affordability of the housing market in Gilbert, AZ as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gilbert, AZ homeowners, the median income is $98,611. This indicates that a monthly maximum of $2,301 should be spent by homeowners on all housing related costs. Renters have a median income of $59,121. This indicates that renters should have a maximum of $1,379 used 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%	4.54%

When assessing the complete cost of living in Gilbert, 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

Item	Gilbert	National avg.	Difference
Haircut	$14.92	$16.09	7.3%
Beauty Salon	$35.00	$37.33	6.2%
Toothpaste	$2.33	$2.45	4.9%
Shampoo	$0.99	$1.00	1.1%
Movie	$9.55	$10.28	7.1%
Bowling	$8.01	$4.93	62.4%

Groceries

Item	Gilbert	National avg.	Difference
Ground Beef	$3.06	$3.80	19.5%
Fried Chicken	$1.52	$1.40	8.8%
Milk	$1.49	$2.01	25.6%
Potatoes	$2.71	$3.01	9.9%
Pizza	$10.99	$9.89	11.2%
Beer	$8.70	$8.90	2.3%

Health Care

Item	Gilbert	National avg.	Difference
Optometrist	$72.44	$102.16	29.1%
Doctor	$99.17	$108.36	8.5%
Dentist	$99.17	$92.53	7.2%
Ibuprofen	$7.25	$9.28	21.9%
Lipitor	$449.51	$425.82	5.6%

Housing

Item	Gilbert	National avg.	Difference
Home Price	$264,700.00	$184,700.00	43.3%
Avg. Mortgage Payment	$1,140.12	$1,202.44	5.2%
Apartment Rent	$1,315.00	$949.00	38.6%

Transportation

Item	Gilbert	National avg.	Difference
Gasoline	$2.12	$2.24	5.5%
Tire Balancing	$39.99	$46.29	13.6%

Utilities

Item	Gilbert	National avg.	Difference
All Electricity	$197.60	$165.96	19.1%
Phone	$19.99	$28.68	30.3%

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, State	Population	Cost of Living Index	National Avg.
Wet Camp Village, AZ	381	74	-26%
Stotonic Village, AZ	411	74	-26%
Lower Santan Village, AZ	604	75	-25%
Guadalupe, AZ	6,172	82	-18%
Maricopa Colony, AZ	1,027	83	-17%
Gilbert, AZ	226,832	109	9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Arlington, VA	226,092	165	65%
Fremont, CA	227,934	183	83%
Baton Rouge, LA	228,694	95	-5%
Paradise, NV	229,666	97	-3%
North Las Vegas, NV	230,436	99	-1%
Gilbert, AZ	226,832	109	9%

Source: The Gilbert, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Gilbert, AZ Cost of Living