Gilbert, Arizona Cost Of Living

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Overall 11%

Goods & Services 6%

Housing 42%

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	Gilbert	Arizona	National
Cost of living	111	101	100
Goods & Services	94	105	100
Groceries	99	104	100
Health care	93	98	100
Housing	142	97	100
Transportation	103	97	100
Utilities	106	103	100

Key findings

The cost of living in Gilbert is 10% higher than the Arizona average
The cost of living in Gilbert is 11% higher than the national average
Gilbert housing is 42% higher 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	$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 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 Gilbert 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 would have a maximum of $1,379 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	Gilbert	National avg.	Difference
Haircut	$18.00	$20.27	11.2%
Beauty Salon	$40.00	$40.39	1.0%
Toothpaste	$2.19	$2.36	7.3%
Shampoo	$0.90	$1.08	16.4%
Movie	$10.16	$10.99	7.5%
Bowling	$17.67	$15.49	14.0%

Groceries

Item	Gilbert	National avg.	Difference
Ground Beef	$4.61	$4.30	7.4%
Fried Chicken	$1.61	$1.40	15.3%
Milk	$1.82	$2.20	17.2%
Potatoes	$2.97	$3.22	7.7%
Pizza	$10.91	$10.74	1.5%
Beer	$9.51	$9.60	0.9%

Health Care

Item	Gilbert	National avg.	Difference
Optometrist	$111.72	$109.73	1.8%
Doctor	$99.00	$118.34	16.3%
Dentist	$92.00	$100.94	8.9%
Ibuprofen	$9.52	$9.93	4.1%
Lipitor	$471.11	$469.53	0.3%

Housing

Item	Gilbert	National avg.	Difference
Home Price	$264,700.00	$184,700.00	43.3%
Avg. Mortgage Payment	$1,314.22	$1,229.62	6.9%
Apartment Rent	$1,315.00	$949.00	38.6%

Transportation

Item	Gilbert	National avg.	Difference
Gasoline	$2.88	$2.71	6.1%
Tire Balancing	$50.67	$51.86	2.3%

Utilities

Item	Gilbert	National avg.	Difference
All Electricity	$192.55	$170.84	12.7%
Phone	$181.87	$187.18	2.8%

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.
Wet Camp Village, AZ	381	76	24.1%
Stotonic Village, AZ	411	76	23.9%
Lower Santan Village, AZ	604	77	22.6%
Guadalupe, AZ	6,172	84	16.2%
Maricopa Colony, AZ	1,027	85	14.6%
Gilbert, AZ	226,832	111	11.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Arlington, VA	226,092	164	63.7%
Fremont, CA	227,934	186	85.6%
Baton Rouge, LA	228,694	93	6.6%
Paradise, NV	229,666	99	0.9%
North Las Vegas, NV	230,436	100	0.4%
Gilbert, AZ	226,832	111	11.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.