An Overview of Cost of Living in Apache Junction, AZ
Are you thinking about relocating, but curious about the potential cost of living in Apache Junction? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Apache Junction stands at 99, making it 1% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Apache Junction closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Apache Junction can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Apache Junction, you you will have to spend 15% more than average when compared to the typical prices for these items, making it a more expensive place to live.
What Do Locals Say About the Cost of Living in Apache Junction?
When it comes to knowing a city, its residents are the experts. We conducted a survey with 10 locals to understand their opinions on the cost of living in Apache Junction. The results indicated that 70% found it reasonably priced with decreasing prices of goods and services, while 30% viewed it as quite expensive, with increasing prices.
Is Apache Junction Affordable?
Is Apache Junction an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Apache Junction is 33.9% lower than the national average, while the average monthly rent prices are 14.5% lower than average. The affordability of any location can also be influenced by median income levels. Apache Junction has a median household income of $46,708, which is 15.6% lower than the national average.
What Factors can Influence the Cost of Living in Apache Junction?
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Apache Junction, the utilities index stands at 1.6% lower than the national average.
Where is the Data From?
The Apache Junction cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.
Here are the best places to live in Arizona
See the best places to live in & around Apache Junction
10 best cities to buy a new house in Arizona
Top 10 best public schools in Apache Junction