Quality of Life in Phoenix, AZ on a $129,680 Annual Salary
Overview
An annual salary of $129,680 in Phoenix, AZ can provide a comfortable lifestyle. This income level is above the median household income for Phoenix, allowing for financial flexibility. Below is an assessment of how this salary aligns with the cost of living, housing market, quality of life, healthcare access, and educational quality in the area.
Cost of Living
Cost Comparison:
- Phoenix's cost of living is marginally above the national average.
- Expenses such as groceries, transportation, and utilities tend to be slightly higher than the U.S. average.
Budget Allocation:
- Housing and utilities may take a significant portion of the budget.
- Discretionary spending is feasible with this salary.
Housing Market
Home Prices:
- Median home prices in Phoenix exceed some U.S. averages but remain more affordable compared to other metropolitan areas like Los Angeles or New York City.
- The salary allows for homeownership in various neighborhoods, ranging from downtown condos to suburban houses.
Renting Options:
- Rental prices are competitive but affordable within this income bracket.
- Rental opportunities available in diverse communities, offering different lifestyle options.
Quality of Life
Climate and Recreation:
- Phoenix offers a warm climate with over 300 sunny days each year.
- Abundant recreational activities, including hiking, golfing, and cultural attractions.
Community and Lifestyle:
- Vibrant local culture with numerous dining and entertainment venues.
- Family-friendly neighborhoods with parks and community events.
Access to Healthcare
Healthcare Facilities:
- Phoenix boasts several high-quality hospitals and healthcare centers.
- Access to specialized medical care and emergency services is widely available.
Healthcare Costs:
- Insurance and out-of-pocket costs align with national averages.
- Employer-provided health benefits can significantly ease expenses.
Quality of K-12 Schools
Summary
Living in Phoenix on a $129,680
