Gold Canyon, Arizona Cost Of Living

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D-

Overall 10%

Goods & Services 9%

Housing 42%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Gold Canyon	Arizona	National
Cost of living	110	99	100
Goods & Services	91	98	100
Groceries	100	99	100
Health care	89	98	100
Housing	142	97	100
Transportation	100	104	100
Utilities	107	103	100

Key findings

The cost of living in Gold Canyon is 11% higher than the Arizona average
The cost of living in Gold Canyon is 10% higher than the national average
Gold Canyon 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	$68,695	$5,725	$1,603	$2,061
Renters	$58,182	$4,849	$1,357	$1,746

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Gold Canyon, AZ, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Gold Canyon, homeowners have a median income of $68,695. Using that number, a maximum of $1,603 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $58,182, which means there is a maximum of $1,357 to be spent on the costs of renting a home or apartment.

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	Gold Canyon	National avg.	Difference
Haircut	$15.10	$17.49	13.7%
Beauty Salon	$42.88	$38.17	12.3%
Toothpaste	$1.38	$2.32	40.5%
Shampoo	$1.04	$1.01	2.8%
Movie	$8.63	$10.72	19.5%
Bowling	$17.00	$13.86	22.6%

Groceries

Item	Gold Canyon	National avg.	Difference
Ground Beef	$3.40	$3.90	12.8%
Fried Chicken	$1.61	$1.40	15.4%
Milk	$1.57	$1.96	20.0%
Potatoes	$3.06	$3.18	3.9%
Pizza	$10.99	$10.39	5.7%
Beer	$8.98	$9.23	2.7%

Health Care

Item	Gold Canyon	National avg.	Difference
Optometrist	$96.00	$106.34	9.7%
Doctor	$99.00	$115.25	14.1%
Dentist	$88.00	$98.38	10.6%
Ibuprofen	$7.49	$9.26	19.1%
Lipitor	$457.00	$466.47	2.0%

Housing

Item	Gold Canyon	National avg.	Difference
Home Price	$261,300.00	$184,700.00	41.5%
Avg. Mortgage Payment	$1,278.09	$1,273.32	0.4%
Apartment Rent	$1,347.00	$949.00	41.9%

Transportation

Item	Gold Canyon	National avg.	Difference
Gasoline	$2.69	$2.59	3.8%
Tire Balancing	$47.50	$48.90	2.9%

Utilities

Item	Gold Canyon	National avg.	Difference
All Electricity	$192.64	$167.60	14.9%
Phone	$175.65	$163.42	7.5%

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.
Apache Junction, AZ	37,775	85	-15%
Queen Valley, AZ	712	90	-10%
San Tan Valley, AZ	88,507	97	-3%
Queen Creek, AZ	30,849	111	11%
Gold Canyon, AZ	9,616	110	10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Safford, AZ	9,616	94	-6%
Girard, OH	9,615	84	-16%
Chevy Chase, MD	9,618	202	102%
Fort Oglethorpe, GA	9,613	87	-13%
Conning Towers Nautilus Park, CT	9,606	121	21%
Gold Canyon, AZ	9,616	110	10%

Source: The Gold Canyon, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Gold Canyon, AZ Cost of Living

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