Cost of Living in Verde Village, AZ

Homes For Sale In Verde Village, AZ

An Overview of Cost of Living in Verde Village, AZ

Are you thinking about relocating, but curious about the potential cost of living in Verde Village? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Verde Village stands at 109, making it 9% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Verde Village are priced in a manner consistent with other areas. This means that residents of Verde Village can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Verde Village goods and services are 10.6% more expensive than the national average, leaving you with less money at the end of the month.

Is Verde Village Affordable?

Wondering if Verde Village is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Verde Village, for example, the median home price is 24.7% higher than what folks pay nationally, and monthly rent is 4.6% higher than the usual rates. Plus, income levels matter too, with Verde Village boasting a median household income of $82,166, which is 1% higher than the national average.

What Factors can Influence the Cost of Living in Verde Village?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Verde Village, the transportation index stands at 4.3% higher than the national average.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Verde Village starts at 5.6% and the income tax rates start at 2.5%.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Verde Village, the utilities index is 9.7% lower than the national average.

Where is the Data From?

The Verde Village cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

Most Affordable Places to Live in and Around Verde Village

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Median Income & Debt-To-Income Ratio

A good way to judge both the affordability of the housing and the cost of living in Verde Village is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Verde Village has a median income of about $92,520 for people who own homes. Based on that number, a maximum of $2,159 should be spent on expenses related to housing. Renters have a slightly different median income, which is $50,841. Based on this average, renters should spend no more than $1,186 on all rental costs if they want to maintain a non-impoverished standard of living.

Arizona Sales Tax

Arizona Income Tax

Goods & Services

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Health Care

Housing

Transportation

Utilities

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.

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Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.