Cost of Living in Lake Montezuma, AZ

Get crime, demographics and other data for any location in Lake Montezuma, AZ
B+
5%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
7%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Lake Montezuma Arizona National
Cost of living105101100
Goods & Services112104100
Groceries104102100
Health care8894100
Housing10797100
Transportation105106100
Utilities8595100
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Lake Montezuma is 5% higher than the Arizona average
  • The cost of living in Lake Montezuma is 5% higher than the national average
  • Lake Montezuma housing is 7% 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

Most Affordable Places to Live in and Around Lake Montezuma

See all the best places to live around Lake Montezuma

Compare Lake Montezuma, AZ Cost of Living

      vs
      How would you rate the cost of living in Lake Montezuma?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Lake Montezuma?
      Write a review to give others more information about this area.
      See all Lake Montezuma poll results

      The best places in Arizona

      Here are the best places to live in ArizonaSafest States In The USSafest Cities In The USSee the best places to live in Lake Montezuma

      Salary Calculator

      This is how much you would need to earn in
      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$65,263$5,439$1,523$1,958
      Renters$21,850$1,821$510$656
      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 $65,263. Using that number, a maximum of $1,523 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $21,850, which means there is a maximum of $510 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%

      Goods & Services

      Item Lake Montezuma National avg. Difference
      Haircut $22.83$24.265.9%
      Beauty Salon $38.80$45.5614.8%
      Toothpaste $3.54$3.704.3%
      Shampoo $1.33$1.284.1%
      Movie $11.70$12.133.5%
      Bowling $26.78$18.0048.8%

      Groceries

      Item Lake Montezuma National avg. Difference
      Ground Beef $5.21$5.8410.7%
      Fried Chicken $1.73$1.579.7%
      Milk $4.78$4.672.4%
      Potatoes $4.05$4.9317.9%
      Pizza $13.22$12.099.4%
      Beer $11.51$10.4110.6%

      Health Care

      Item Lake Montezuma National avg. Difference
      Optometrist $83.94$125.6833.2%
      Doctor $96.11$135.7829.2%
      Dentist $104.95$113.297.4%
      Ibuprofen $11.06$10.653.8%
      Lipitor $472.82$468.600.9%

      Housing

      Item Lake Montezuma National avg. Difference
      Home Price $201,800.00$184,700.009.3%
      Avg. Mortgage Payment $2,137.30$2,346.698.9%
      Apartment Rent $976.00$949.002.8%

      Transportation

      Item Lake Montezuma National avg. Difference
      Gasoline $3.58$3.463.4%
      Tire Balancing $45.24$59.9224.5%

      Utilities

      Item Lake Montezuma National avg. Difference
      All Electricity $272.57$193.9940.5%
      Phone $184.69$192.253.9%
      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, AZ1868613.8%
      Cottonwood, AZ12,2281043.8%
      Camp Verde, AZ11,2411044.4%
      Verde Village, AZ12,7801088.2%
      Clarkdale, AZ4,36711313.4%
      Lake Montezuma, AZ4,7071055.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Waterloo, NY4,7078910.5%
      New Lexington, OH4,7078119.1%
      Dorneyville, PA4,70712019.6%
      Saint-Jean-de-Matha, QC4,707n/a 
      Smith Mills, MA4,70611515.3%
      Lake Montezuma, AZ4,7071055.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2025