Cost of Living in Lake of the Woods, AZ

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2%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
12%
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 of the Woods Arizona National
Cost of living98101100
Groceries99101100
Health care102101100
Housing8896100
Transportation104102100
Utilities111111100
Lifestyle & Entertainment102103100
Household Items100101100
Education & Childcare97103100
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Homes For Sale In Lake of the Woods, AZ

property for sale

3489 Rainbow Lake Dr

Lakeside, AZ
property for sale

21 Southlake Rd

Lakeside, AZ
property for sale

1532 Lacie Ln

Lakeside, AZ
property for sale

2741 Spring Dr

Lakeside, AZ

Cost Of Living Quick Facts

  • The cost of living in Lake of the Woods is 3% lower than the Arizona average
  • The cost of living in Lake of the Woods is 2% lower than the national average
  • Lake of the Woods housing is 12% lower 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 of the Woods

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Compare Lake of the Woods, AZ Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$66,584$5,549$1,554$1,998
      Renters$68,446$5,704$1,597$2,054
      A good indicator of the general affordability of housing in Lake of the Woods, AZ, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lake of the Woods, the median monthly income is $66,584 for those who own their own homes. Under the standard rule, that income level would allow for $1,554 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $68,446, per the median income in the area. That would allow for renters to spend up to $1,597 on monthly rental expenses.

      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.
      North Fork, AZ2,0288316.8%
      Hondah, AZ1,1908416.0%
      McNary, AZ7928712.9%
      White Mountain Lake, AZ3,023918.8%
      Show Low, AZ11,6701000.1%
      Lake of the Woods, AZ3,748982.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Level Park-Oak Park, MI3,7478613.7%
      Manti, UT3,749990.7%
      Rollingwood, CA3,75014949.3%
      Hopedale, MA3,75012827.8%
      Port Vue, PA3,7508514.8%
      Lake of the Woods, AZ3,748982.3%
      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.
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