Cost of Living in Payson, AZ
Housing
The housing market plays a significant role in determining the cost of living in Payson, AZ.
- Housing Index: 103.7 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $1781 per month
- Average Rent (2 BR House): $1936 per month
Considering your data for Payson, AZ, the housing index stands at 0.0, indicative of perhaps a lower demand or availability in the market. The median home price is 300000, a competitive rate compared to national averages. However, with both average rents for 2-bedroom apartments and houses at 0.0, it suggests limited rental inventory, which may influence longer-term investment decisions. Don’t forget to consider local amenities, job opportunities, and community aspects which can greatly affect your living experience beyond just housing costs. We recommend further investigation into market trends for informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Payson, AZ.
- Electricity Price: $15.14 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $236 per month
Living in Payson, AZ could entail higher utility costs. Electricity costs sit at $15.14, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $236 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Payson is a financially viable option for your relocation.