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.
Displayed above is a general overview of the Taylor, AZ cost of living index. The overall cost of living index in Taylor, AZ is 95, which is 3% lower than the Arizona average and 5% lower 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 Taylor, AZ are 4% higher than the Arizona average and 1% higher than the national average.
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The cost of living in Taylor is 3% lower than the Arizona average.
The cost of living in Taylor is 5% lower than the national average.
The cost of housing in Taylor is 27% lower 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Taylor, AZ to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Taylor, AZ, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Taylor, AZ salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Taylor, AZ, all you must look at 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 Taylor, AZ, the median monthly income is $54,671 for those who own their own homes. Under the standard rule, that income level would allow for $1,276 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,250, per the median income in the area. That would allow for renters to spend up to $729 on monthly rental expenses.
Arizona Sales Tax
General Sales Tax
With Max Surtax
Arizona Income Tax
Income Tax (Low)
Income Tax (High)
When you are determining the total cost of living in Taylor, AZ you will want to make sure you consider both the Arizona sales tax and the Arizona income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Arizona is 5.6%, with the highest surtax being 10.725%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Arizona have a range from 2.59% to 4.54%.
Goods & Services
Avg. Mortgage Payment
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.