Sedona, Arizona Cost Of Living

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F

Overall 35%

Goods & Services 11%

Housing 98%

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	Sedona	Arizona	National
Cost of living	135	101	100
Goods & Services	111	105	100
Groceries	113	104	100
Health care	109	98	100
Housing	198	97	100
Transportation	107	97	100
Utilities	94	103	100

Key findings

The cost of living in Sedona is 34% higher than the Arizona average
The cost of living in Sedona is 35% higher than the national average
Sedona housing is 98% higher than the national average
Arizona general sales tax is 10% higher than the national average
Arizona state income tax is 5% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$64,558	$5,380	$1,506	$1,937
Renters	$37,734	$3,145	$880	$1,132

A good indicator of the general affordability of housing in Sedona, 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 Sedona, the median monthly income is $64,558 for those who own their own homes. Under the standard rule, that income level would allow for $1,506 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $37,734, per the median income in the area. That would allow for renters to spend up to $880 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	2.59%	4.5%

Goods & Services

Item	Sedona	National avg.	Difference
Haircut	$20.00	$20.27	1.3%
Beauty Salon	$48.50	$40.39	20.1%
Toothpaste	$2.17	$2.36	7.9%
Shampoo	$1.02	$1.08	5.5%
Movie	$10.78	$10.99	1.9%
Bowling	$19.17	$15.49	23.7%

Groceries

Item	Sedona	National avg.	Difference
Ground Beef	$4.30	$4.30	0.0%
Fried Chicken	$1.56	$1.40	11.5%
Milk	$1.71	$2.20	22.2%
Potatoes	$3.87	$3.22	20.3%
Pizza	$12.22	$10.74	13.8%
Beer	$10.23	$9.60	6.6%

Health Care

Item	Sedona	National avg.	Difference
Optometrist	$131.17	$109.73	19.5%
Doctor	$126.98	$118.34	7.3%
Dentist	$111.83	$100.94	10.8%
Ibuprofen	$9.81	$9.93	1.3%
Lipitor	$499.24	$469.53	6.3%

Housing

Item	Sedona	National avg.	Difference
Home Price	$419,700.00	$184,700.00	127.2%
Avg. Mortgage Payment	$1,575.72	$1,229.62	28.1%
Apartment Rent	$1,239.00	$949.00	30.6%

Transportation

Item	Sedona	National avg.	Difference
Gasoline	$3.08	$2.71	13.5%
Tire Balancing	$49.97	$51.86	3.6%

Utilities

Item	Sedona	National avg.	Difference
All Electricity	$154.79	$170.84	9.4%
Phone	$182.89	$187.18	2.3%

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, AZ	186	88	11.6%
Cottonwood, AZ	11,598	98	1.7%
Verde Village, AZ	13,287	103	3.1%
Cornville, AZ	2,647	111	11.1%
Munds Park, AZ	720	119	18.8%
Sedona, AZ	10,209	135	35.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Watervliet, NY	10,207	99	1.1%
Oil City, PA	10,207	84	16.0%
Bel Air, MD	10,211	110	10.1%
Alpena, MI	10,213	83	17.1%
Little Canada, MN	10,202	105	5.4%
Sedona, AZ	10,209	135	35.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.