| Index | Verde Village | Arizona | National |
| Cost of living | 108 | 101 | 100 |
| Groceries | 103 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 119 | 96 | 100 |
| Transportation | 101 | 102 | 100 |
| Utilities | 111 | 111 | 100 |
| Lifestyle & Entertainment | 102 | 103 | 100 |
| Household Items | 103 | 101 | 100 |
| Education & Childcare | 99 | 103 | 100 |
Getting a feel for the cost of living in Verde Village is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Verde Village is 108, which is 8% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Verde Village is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Verde Village affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Verde Village, for instance, where the median home price falls 24.7% higher than the national average, and monthly rent rates are 4.6% higher than usual. Additionally, median income levels contribute to the equation, with Verde Village flaunting a median household income of $82,166, 1% higher than the national norm.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Verde Village, the groceries index is 3.3% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Verde Village comes in at 10.7% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living data for Verde Village shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $92,520 | $7,710 | $2,159 | $2,776 |
| Renters | $50,841 | $4,237 | $1,186 | $1,525 |
| State | General Sales Tax | With Max Surtax |
| Arizona | 5.6% | 10.725% |
| State | Income Tax (Low) | Income Tax (High) |
| Arizona | 2.5% | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| Cottonwood CDP, AZ | 192 | 85 | 14.9% |
| Cottonwood, AZ | 12,640 | 104 | 3.7% |
| Camp Verde, AZ | 11,524 | 104 | 3.7% |
| Lake Montezuma, AZ | 4,882 | 105 | 5.1% |
| Dewey-Humboldt, AZ | 4,281 | 106 | 6.2% |
| Verde Village, AZ | 13,203 | 108 | 7.6% |
| City | Population | Cost of Living Index | National Avg. |
| Kingston, PA | 13,206 | 93 | 7.5% |
| Cypress Lake, FL | 13,209 | 105 | 4.8% |
| Elfers, FL | 13,209 | 94 | 6.4% |
| Jacksonville, AL | 13,194 | 90 | 10.4% |
| Cornelius, OR | 13,194 | 121 | 21.1% |
| Verde Village, AZ | 13,203 | 108 | 7.6% |
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