The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Surveys and polls conducted by AreaVibes with residents of the area revealed unfavorable results concerning the walkability of amenities, the availability of parks and public transit access.
Globe is a small city located in the state of Arizona. The city has a population of 7,351 residents. At 76%, the majority of the Globe population is White; this is followed by 3% Black and 3% American Indian and Alaskan. Additionally, more than a quarter of the population of Globe are of Hispanic or Latino origin, and 12% of the population also speak Spanish. If you are not a fan of long commutes, you will enjoy living in Globe. With an average one way commute time of only 16 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Globe could be a positive experience compared to other cities in Arizona if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Globe, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, housing and more.
Using data and statistics Globe has received a livability score of 59/100. This score is ranked in the 39th percentile when compared to all other cities. This is a lower than the national average livability score as Globe does not rank well for most categories. Based on the scores for each individual category, Globe has been rewarded with high marks for cost of living (A+) and housing (A).
The Globe unemployment rate of 2.41% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Globe excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Globe meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Globe. Everything else becomes a lot less important if it turns out that home prices in Globe are simply unattainable. The median home price for Globe homes is $135,300, which is 23.5% lower than the Arizona average. If we take a closer look at the affordability of homes in Globe, we’ll see that the home price to income ratio is 2.4, which is 31.4% lower than the Arizona average.
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