Quick facts: Gilbert, AZ

Quick Facts

105.3
Cost of Living
above US average
275,346
Population
12.01
Crime Rate per 1000
below US average
$115,179
Median Income
above US average
$529,000
Median House Price
above US average
$2134.27
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 $115,179.

🏠

Income Needed to Buy

βœ— Stretch
$166k/year
Based on $529,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $166k vs median $115,179
🏒

Income Needed to Rent

βœ“ Affordable
$91k/year
Based on $2134.27/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($115,179) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gilbert, AZ

Gilbert, Arizona, located in Maricopa County, is a rapidly growing suburban town that offers a blend of urban and rural lifestyles. Known for its family-friendly atmosphere, Gilbert has consistently been ranked among the best places to live in the U.S. The town boasts a strong sense of community, with numerous parks, recreational facilities, and outdoor activities. The downtown area has undergone significant revitalization, featuring a mix of dining, shopping, and entertainment options. Gilbert hosts several annual events, such as the Gilbert Farmers Market and the Gilbert Art Walk, which draw residents and visitors alike. Education is a priority in Gilbert, with a range of public and charter schools as well as easy access to higher education institutions. With its warm desert climate, residents enjoy plenty of sunshine throughout the year, making it ideal for outdoor enthusiasts. As part of the Phoenix metropolitan area, Gilbert benefits from proximity to larger city attractions while maintaining its own unique charm and community-oriented lifestyle. Overall, Gilbert is an attractive destination for families, professionals, and retirees seeking a vibrant yet relaxed environment.

πŸ” Search & Compare Places

First Location πŸ“