Peoria, AZ Cost Of Living

Peoria cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Peoria	Arizona	National
Cost of living index	107	98	100
Index	Peoria	Arizona	National
Goods & Services index	98	98	100
Groceries index	102	101	100
Health care index	84	97	100
Housing index	115	97	100
Transportation index	109	100	100
Utilities index	127	99	100

Displayed above is a general overview of the Peoria, AZ cost of living index. The overall cost of living index in Peoria, AZ is 107, which is 9% higher than the Arizona average and 7% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Peoria, AZ are equal to the Arizona average and 2% lower than the national average.

Did you know?

The cost of living in Peoria is 9% higher than the Arizona average.
The cost of living in Peoria is 7% higher than the national average.
The cost of housing in Peoria is 15% higher than the national average.
Arizona general sales tax is 10% higher than the national average.
Arizona state income tax is 16% 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

The salary calculator allows you to compare how much your current salary in Peoria, AZ would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Peoria, AZ, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Peoria, AZ salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$76,177	$6,348	$1,777	$2,286
Renters	$46,229	$3,852	$1,079	$1,387

The affordability of the housing market in Peoria, AZ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Peoria, AZ homeowners, the median income is $76,177. This indicates that a monthly maximum of $1,777 should be spent by homeowners on all housing related costs. Renters have a median income of $46,229. This indicates that renters should have a maximum of $1,079 used for their rent related monthly costs.

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%	4.54%

When assessing the complete cost of living in Peoria, AZ, the Arizona income tax and the Arizona sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Arizona maximum surtax is 10.725%, and the Arizona sales tax is 5.6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.59% to 4.54% in Arizona.

Goods & Services

Item	Peoria	National avg.	Difference
Haircut	$17.76	$16.09	10.4%
Beauty Salon	$45.74	$37.33	22.5%
Toothpaste	$1.89	$2.45	22.9%
Shampoo	$1.00	$1.00	0.2%
Movie	$10.37	$10.28	0.8%
Bowling	$4.51	$4.93	8.5%

Groceries

Item	Peoria	National avg.	Difference
Ground Beef	$3.20	$3.80	15.8%
Fried Chicken	$1.68	$1.40	20.3%
Milk	$1.75	$2.01	13.0%
Potatoes	$4.43	$3.01	47.1%
Pizza	$10.93	$9.89	10.6%
Beer	$9.11	$8.90	2.4%

Health Care

Item	Peoria	National avg.	Difference
Optometrist	$84.79	$102.16	17.0%
Doctor	$93.78	$108.36	13.5%
Dentist	$65.86	$92.53	28.8%
Ibuprofen	$9.49	$9.28	2.3%
Lipitor	$402.92	$425.82	5.4%

Housing

Item	Peoria	National avg.	Difference
Home Price	$208,200.00	$184,700.00	12.7%
Avg. Mortgage Payment	$1,023.15	$1,202.44	14.9%
Apartment Rent	$1,137.00	$949.00	19.8%

Transportation

Item	Peoria	National avg.	Difference
Gasoline	$2.28	$2.24	1.6%
Tire Balancing	$56.97	$46.29	23.1%

Utilities

Item	Peoria	National avg.	Difference
All Electricity	$291.55	$165.96	75.7%
Phone	$20.17	$28.68	29.7%

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.
Goodyear Village, AZ	253	92	-8%
Youngtown, AZ	6,563	95	-5%
Sun City, AZ	39,363	95	-5%
El Mirage, AZ	33,937	97	-3%
Tolleson, AZ	6,985	92	-8%
Peoria, AZ	158,677	107	7%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lancaster, CA	159,651	110	10%
Fort Collins, CO	157,251	110	10%
Palmdale, CA	156,823	113	13%
McKinney, TX	156,821	101	1%
Salinas, CA	155,889	121	21%
Peoria, AZ	158,677	107	7%

Source: The Peoria, AZ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Peoria, AZ Cost of Living