Quick facts: Chandler, AZ

Quick Facts

102.5
Cost of Living
above US average
280,711
Population
21.35
Crime Rate per 1000
below US average
$99,374
Median Income
above US average
$450,000
Median House Price
above US average
$1852.91
Average Rent
above US average
6%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $99,374.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $99,374
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Income Needed to Rent

βœ“ Affordable
$79k/year
Based on $1852.91/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($99,374) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chandler, AZ

Chandler, Arizona, is a vibrant city located in the southeastern part of the Phoenix metropolitan area. Known for its rich history, Chandler was originally established as an agricultural community and has since transformed into a bustling suburban hub. The city is recognized for its strong economy, largely driven by technology and manufacturing industries, earning it the nickname "Silicon Desert." Chandler boasts a variety of parks, recreational facilities, and community events that enhance its family-friendly atmosphere. The Chandler Fashion Center, one of the largest shopping malls in the state, provides numerous retail and dining options. Cultural attractions include the Chandler Museum and the annual Ostrich Festival, celebrating the region's unique agricultural heritage. Education is a priority in Chandler, with numerous highly-rated schools and institutions nearby, including community colleges and tech schools. The city is also renowned for its diverse community, offering a melting pot of cultures and traditions. With its warm climate, outdoor activities, and proximity to Phoenix, Chandler continues to be a desirable place to live, work, and play.

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