Cost Of Living in Lake Montezuma, AZ

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A-

5%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

10%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Lake Montezuma	Arizona	National
Cost of living	105	101	100
Groceries	103	101	100
Health care	102	101	100
Housing	110	96	100
Transportation	101	102	100
Utilities	111	111	100
Lifestyle & Entertainment	102	103	100
Household Items	103	101	100
Education & Childcare	99	103	100

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Homes For Sale In Lake Montezuma, AZ

5665 N Vicki Ln

Rimrock, AZ

Sabres St Unit N/A

Lake Montezuma, AZ

4580 N Tagalong Trl

Rimrock, AZ

Dragonshead Rd

Lake Montezuma, AZ

Cost Of Living Quick Facts

The cost of living in Lake Montezuma is 4% higher than the Arizona average
The cost of living in Lake Montezuma is 5% higher than the national average
Lake Montezuma housing is 10% higher than the national average
Arizona general sales tax is 10% higher than the national average
Arizona state income tax is 4% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$98,913	$8,243	$2,308	$2,968
Renters	$32,383	$2,699	$756	$972

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Lake Montezuma, 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 Lake Montezuma, homeowners have a median income of $98,913. Using that number, a maximum of $2,308 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,383, which means there is a maximum of $756 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	2.5%	2.5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cottonwood CDP, AZ	192	85	14.9%
Cottonwood, AZ	12,640	104	3.7%
Camp Verde, AZ	11,524	104	3.7%
Verde Village, AZ	13,203	108	7.6%
Cornville, AZ	3,358	113	12.6%
Lake Montezuma, AZ	4,882	105	5.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Brent, AL	4,882	84	15.5%
Harrington Park, NJ	4,882	176	75.7%
Nelsonville, OH	4,882	84	16.0%
Wolverine Lake, MI	4,880	100	0.1%
Spring House, PA	4,879	145	45.3%
Lake Montezuma, AZ	4,882	105	5.1%