Quality of Life in Phoenix, AZ on a $123,920 Salary
Living in Phoenix, Arizona, with an annual salary of $123,920 offers a unique set of opportunities and challenges when balancing income with the cost of living. Below is a detailed assessment of various aspects such as the cost of living, housing market, quality of life, healthcare, and education in Phoenix.
Cost of Living
- Comparison to National Average: The cost of living in Phoenix is generally slightly higher than the national average, largely influenced by housing costs.
- Expenses: Key areas including groceries, transportation, and utility costs are relatively moderate compared to other major urban areas.
- Discretionary Spending: Earning $123,920 per year provides substantial flexibility for discretionary spending after covering basic living expenses.
Housing Market
- Home Prices: The median home price in Phoenix is higher compared to the national median, driven by growing demand and population influx.
- Rental Market: Rent prices are competitive but tend to be on the higher side, particularly in popular neighborhoods.
- Home Buyer’s Perspective: For someone earning $123,920, purchasing a home is feasible, though budgeting is required to accommodate for the higher end of the market.
Quality of Life
- Climate: Phoenix offers a warm climate with abundant sunshine, although summers can be intensely hot.
- Outdoor Activities: The city provides excellent opportunities for outdoor recreation, including hiking, biking, and golfing.
- Dining and Entertainment: A vibrant dining scene along with diverse entertainment options enhance the quality of life.
Access to Healthcare
- Healthcare Quality: Phoenix has a good array of healthcare facilities, with accessible and quality medical care services.
- Health Insurance: A salary of $123,920 allows for comprehensive health insurance coverage, enabling peace of mind.
Quality of K-12 Schools
- Public School System: Public schools in Phoenix vary in quality; some districts are highly rated, while others may fall short.
- Private School Options: There are numerous reputable private schools that families can consider, especially with a higher income bracket.
- Educational Impact: Access to quality education is significant for residents, and the salary allows for consideration of private education if desired.
Assessment Summary
Living in Phoenix, AZ, on a $123,920 salary provides a comfortable lifestyle, despite the relatively higher cost of living and housing prices.
