Living Wage Calculation for Arizona
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $17.43 | $26.56 |
| Poverty Wage | $6.19 | $7.46 |
| Minimum Wage | $12.80 | $12.80 |
How much money do you need to live comfortably in Arizona?
To live comfortably in Arizona, a renter should earn at least $4,764 before taxes each month. This translates to an annual pre-tax salary of $57,168. You can use our rent calculator to help you determine how much you can afford to spend on rent each month.
What is a living wage in Phoenix Arizona?
How is Arizona’s minimum wage changing in the future? In accordance with the 2016 proposition, Arizona increased minimum wage to $12 in 2020, $12.15 in 2021 and subsequently $12.80 in 2022. The Arizona minimum wage in 2023 and beyond will adjust based on inflation and cost of living.
What is a good hourly wage in Arizona?
Hourly Rate Salary in Arizona
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,071 | $28 |
| 75th Percentile | $45,063 | $22 |
| Average | $38,051 | $18 |
| 25th Percentile | $26,945 | $13 |
What is the average salary in Arizona?
In 2020, the average annual pay of employees in Arizona totaled to 58,428 U.S. dollars. This is an increase from 2001 levels, when this value stood at 33,411 U.S. dollars.
Which city in Arizona has the lowest cost of living?
Last but not least, New Kingman-Butler is the cheapest place to live in Arizona with an average home price of just $71,200. Although this small town only has about 13,000 residents, it borders Kingman, which has a larger population and more amenities.
Is the cost of living low in Arizona?
Our cost of living indices are based on a US average of 100. An amount below 100 means Arizona is cheaper than the US average.
Arizona cost of living is 102.2.
| COST OF LIVING | Arizona | United States |
|---|---|---|
| Overall | 102.2 | 100 |
| Grocery | 96.1 | 100 |
| Health | 95.2 | 100 |
| Housing | 107.8 | 100 |
Is it cheaper to live in Colorado or Arizona?
The cost of living in Denver, Colorado is 33.3% more expensive than the cost of living in Phoenix, Arizona. You would need a comparable salary of $39,984 in Denver, Colorado to maintain the same standard of living you have in Phoenix, Arizona.
What is a good salary in Scottsdale?
The average salary in Scottsdale is $87,746. A good hourly wage in Scottsdale is $34.13 per hour. That works out to a good weekly wage of $1,365 per week and a good monthly wage of $5,916 per month.
How much money do you need to make to live comfortably in Phoenix?
According to the site, the income needed in Phoenix is $48,876. The article considers 50 percent for necessities, 30 percent for discretionary spending and 20 percent for savings. In Tucson, the income required is $39,966 and is the lowest number of the 50 cities.
What is considered low income in AZ?
Median Income: $88,800
| Classification | 1 person | 3 person |
|---|---|---|
| Extremely Low (30 %) | $18,550 | $23,850 |
| Very Low (50%) | $30,950 | $39,750 |
| Low (80%) | $49,500 | $63,600 |
What is middle class income in Arizona?
As of May 17, 2022, the average annual pay for the Lower Middle Class jobs category in Phoenix is $46,681 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.44 an hour. This is the equivalent of $898/week or $3,890/month.
Why are people leaving Arizona?
Unbearable heat: Arizona in the summer might as well be the surface of the sun. One of the biggest reasons people leave The Grand Canyon State is because they just can’t take the heat. Believe it or not, the desert is hot.
Why is rent so high in AZ?
Population growth is one reason why rent is increasing. However, she says that because the rents are rising that population growth could slow. Phoenix also saw a lot of job growth, which enticed more people to move here.
Is it cheaper to live in Arizona than California?
Cost of living
California is 29.3% more expensive than Arizona. If to compare the average cost of living in Phoenix, Arizona, and Los Angeles, California, you will find that CA is far more costlier than AZ. California’s housing cost is 36.8% costlier. The rent price is also way higher.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What state has the cheapest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
How much money do you need to buy a house in Arizona?
Recommended Minimum Savings
| Minimum Down Payment | $8,750 |
|---|---|
| Closing Costs | $8,494 |
| Estimated Cash Needed to Close | $17,244 |
| Recommended Cash Reserve | $4,467 |
| Total Recommended Savings | $21,711 |
What are the benefits of living in Arizona?
Pros of Living in Arizona
- #1. Goodbye winter weather.
- #2. Beautiful landscape everywhere.
- #3. Low cost of living.
- #4. Living in Arizona is easy on the lungs.
- #5. Easy driving.
- #6. Cultural diversity.
- #7. Robust job market.
- #9. Low crime rate.
Is it cheaper to live in Nevada or Arizona?
Both Arizona and Nevada have lower than average costs of living, although some places in Nevada are more expensive, such as Kingsbury and Gardnerville. Arizona is generally more favorable in this regard, with a cost of living that is typically five percent lower than the U.S. average.
What city in Arizona has the best weather?
The city with the best weather in Arizona is Yuma. Yuma hosts some of the best weather in Arizona, making it a suitable temperature throughout the year. With its hottest yearly temperature averaging 107 degrees and the winter months averaging around 69 degrees, Yuma has hot summers and cool winters.
