Jerome, Arizona Cost Of Living

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F

Overall 13%

Goods & Services 16%

Housing 26%

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	Jerome	Arizona	National
Cost of living	113	101	100
Goods & Services	116	105	100
Groceries	106	104	100
Health care	99	98	100
Housing	126	97	100
Transportation	97	97	100
Utilities	95	103	100

Key findings

The cost of living in Jerome is 12% higher than the Arizona average
The cost of living in Jerome is 13% higher than the national average
Jerome housing is 26% 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	$48,125	$4,010	$1,123	$1,444
Renters	$23,750	$1,979	$554	$713

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	Jerome	National avg.	Difference
Haircut	$23.32	$20.27	15.0%
Beauty Salon	$42.05	$40.39	4.1%
Toothpaste	$2.16	$2.36	8.4%
Shampoo	$1.13	$1.08	4.6%
Movie	$9.38	$10.99	14.6%
Bowling	$12.95	$15.49	16.4%

Groceries

Item	Jerome	National avg.	Difference
Ground Beef	$5.04	$4.30	17.2%
Fried Chicken	$1.39	$1.40	0.5%
Milk	$2.15	$2.20	2.5%
Potatoes	$2.63	$3.22	18.4%
Pizza	$12.33	$10.74	14.8%
Beer	$10.83	$9.60	12.8%

Health Care

Item	Jerome	National avg.	Difference
Optometrist	$108.98	$109.73	0.7%
Doctor	$106.12	$118.34	10.3%
Dentist	$100.13	$100.94	0.8%
Ibuprofen	$10.39	$9.93	4.6%
Lipitor	$510.15	$469.53	8.7%

Housing

Item	Jerome	National avg.	Difference
Home Price	$267,700.00	$184,700.00	44.9%
Avg. Mortgage Payment	$1,641.62	$1,229.62	33.5%
Apartment Rent	$786.00	$949.00	17.2%

Transportation

Item	Jerome	National avg.	Difference
Gasoline	$2.69	$2.71	0.7%
Tire Balancing	$48.70	$51.86	6.1%

Utilities

Item	Jerome	National avg.	Difference
All Electricity	$158.91	$170.84	7.0%
Phone	$182.03	$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.
Cottonwood CDP, AZ	186	88	11.6%
Cottonwood, AZ	11,598	98	1.7%
Camp Verde, AZ	11,096	101	0.6%
Verde Village, AZ	13,287	103	3.1%
Prescott Valley, AZ	41,070	104	3.8%
Jerome, AZ	347	113	13.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nuiqsut, AK	347	112	12.2%
Poyen, AR	347	84	16.4%
Poston, AZ	347	85	14.8%
Ransom, IL	347	88	11.6%
Sulphur Springs, IN	347	77	22.5%
Jerome, AZ	347	113	13.1%

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