Quality of Life in Phoenix, AZ with a Salary of $128,240
With a yearly income of $128,240, individuals or families residing in Phoenix, AZ, can afford a comfortable lifestyle. Below is an in-depth assessment of the relative cost of living, housing market situation, overall quality of life, accessibility to healthcare, and quality of K-12 educational institutions in Phoenix compared to the broader United States.
Cost of Living
- Overall Expenses: The cost of living in Phoenix is approximately 5% lower than the national average.
- Groceries and Dining: Food and dining costs are generally on par with national averages. Eating out can be slightly cheaper due to the competitive local restaurant industry.
- Utilities and Transportation: Utility costs are similar to the U.S. average, while transportation is slightly less expensive, supported by a decent network of public transit options.
- Taxes: Arizona has a moderate state income tax rate, which helps keep disposable income relatively high.
Housing Market
- Median Home Price: As of 2023, the median home price in Phoenix is around $425,000, which is slightly below the national median, offering more bang for your buck.
- Rental Market: Rent prices are moderate, with the median rent for a two-bedroom apartment being approximately $1,500 per month.
- Market Growth: The Phoenix real estate market has experienced steady growth, indicating a healthy real estate environment with good investment potential.
Quality of Life
- Climate: Phoenix boasts sunny weather almost year-round, which is appealing to many but may be challenging during the hot summer months.
- Recreation: The city offers a diverse range of activities, from hiking desert mountains to enjoying vibrant arts scenes and nightlife.
- Community and Culture: A mix of cultural influences and festivals provides a rich and diverse community experience.
Access to Healthcare
- Healthcare Facilities: Phoenix is home to several top-notch hospitals and healthcare providers, ensuring accessible and quality medical care.
- Insurance and Costs: Health insurance premiums and out-of-pocket costs tend to be slightly lower than the national average due to competitive healthcare services.
Quality of K-12 Schools
- Public Schools: The quality of public schools in Phoenix varies, with some districts rated above average, while others may need improvement.
- Private and Charter Options: There is a robust selection of private and charter
