Quality of Life in Phoenix, AZ on a $124,480 Annual Income

Overview of Cost of Living

• Cost of Living Index: Phoenix's cost of living index is slightly above the national average. As of recent data, Phoenix scores approximately 103, where the national average is 100.
• Expenses: With an income of $124,480, individuals can comfortably cover basic needs, including housing, transportation, groceries, and healthcare, with some discretionary income remaining.
• Comparison: In comparison to the broader United States, Phoenix’s living expenses have risen steadily but remain more moderate than in major cities like San Francisco or New York.

Housing Market

• Median Home Price: As of recent estimates, the median home price in Phoenix is approximately $436,000, which aligns closely with the national average.
• Rent Prices: Average rent for a one-bedroom apartment is around $1,300 monthly, which is reasonable compared to some other metropolitan areas.
• Market Trends: The housing market has been competitive, with price increases over the past few years, but it has started to stabilize, offering opportunities for buyers at this income level.

Quality of Life

• Climate: With over 300 days of sunshine, Phoenix offers a pleasant climate for outdoor activities year-round.
• Cultural and Recreational Activities: Residents have access to a range of activities, including hiking, golf, arts, and a growing food scene.
• Commute and Transportation: With ongoing investments in public transportation, commuting in Phoenix can be manageable, although reliance on personal vehicles remains common.

Access to Healthcare

• Healthcare Quality: Phoenix is home to numerous top-rated hospitals and healthcare facilities, providing access to quality care.
• Healthcare Costs: Healthcare expenses are on par with national averages, allowing someone earning $124,480 to comfortably afford comprehensive health insurance.

Quality of K-12 Schools

• Public Schools: Phoenix offers a mix of highly rated public schools and others that may require improvement.
• School Choice: The city provides access to various charter and private schooling options, enhancing education choices for families.
• Community Involvement: Active parental and community involvement in many districts contributes positively to the educational environment.

Summary of the Assessment

Living in Phoenix, AZ, on an annual income of $124,480 affords a comfortable lifestyle with the ability to manage living costs