Looking for a fresh start in a new Phoenix neighborhood that is actually affordable? Fortunately, there are some neighborhoods that still offer affordable cost of living. Listed below are the most affordable neighborhoods in Phoenix for 2026, ranked by their cost of living index. The cost of living index includes various items such as: goods and services, groceries, utilities, real estate and rental rates. For reference, the national average for cost of living is 100.

Population 137,878
-15%
Cost of Living Index 96 vs 113
15% lower than Phoenix
Population 5,803
-13%
Cost of Living Index 98 vs 113
13% lower than Phoenix
Population 252,540
-9%
Cost of Living Index 102 vs 113
9% lower than Phoenix
Population 93,316
-6%
Cost of Living Index 106 vs 113
6% lower than Phoenix
Population 136,330
-6%
Cost of Living Index 107 vs 113
6% lower than Phoenix
Population 61,680
-5%
Cost of Living Index 107 vs 113
5% lower than Phoenix
Population 185,447
-4%
Cost of Living Index 108 vs 113
4% lower than Phoenix
Population 190,210
-1%
Cost of Living Index 112 vs 113
1% lower than Phoenix
Population 66,534
2%
Cost of Living Index 115 vs 113
2% higher than Phoenix
Population 58,844
2%
Cost of Living Index 115 vs 113
2% higher than Phoenix
Is This the Right Place for You? Local Insights Report
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Local Insights Report