Cost Of Living in Wood Park, AZ

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Wood Park	Tempe	Arizona
Cost of living	103	112	101
Goods & Services	91	91	104
Groceries	104	104	102
Health care	94	94	94
Housing	118	148	97
Transportation	102	102	106
Utilities	99	99	95

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Cost Of Living Quick Facts

The cost of living in Wood Park is 2% higher than the Tempe average
The cost of living in Wood Park is 3% higher than the national average
Wood Park housing is 18% higher than the national average
Arizona general sales tax is 10% higher than the national average
Arizona state income tax is 4% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$56,556	$4,713	$1,320	$1,697

Arizona Sales Tax

State	General Sales Tax	With Max Surtax
Arizona	5.6%	10.725%

Arizona Income Tax

State	Income Tax (Low)	Income Tax (High)
Arizona	2.5%	2.5%

Goods & Services

Item	Tempe	National avg.	Difference
Haircut	$18.21	$24.26	24.9%
Beauty Salon	$55.83	$45.56	22.5%
Toothpaste	$3.54	$3.70	4.3%
Shampoo	$1.32	$1.28	3.3%
Movie	$9.71	$12.13	20.0%
Bowling	$21.97	$18.00	22.1%

Groceries

Item	Tempe	National avg.	Difference
Ground Beef	$6.17	$5.84	5.6%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.78	$4.67	2.4%
Potatoes	$4.60	$4.93	6.8%
Pizza	$12.12	$12.09	0.2%
Beer	$11.51	$10.41	10.6%

Health Care

Item	Tempe	National avg.	Difference
Optometrist	$107.63	$125.68	14.4%
Doctor	$99.00	$135.78	27.1%
Dentist	$120.50	$113.29	6.4%
Ibuprofen	$11.04	$10.65	3.6%
Lipitor	$486.38	$468.60	3.8%

Housing

Item	Tempe	National avg.	Difference
Home Price	$287,600.00	$184,700.00	55.7%
Avg. Mortgage Payment	$2,561.11	$2,346.69	9.1%
Apartment Rent	$1,230.00	$949.00	29.6%

Transportation

Item	Tempe	National avg.	Difference
Gasoline	$3.54	$3.46	2.3%
Tire Balancing	$60.83	$59.92	1.5%

Utilities

Item	Tempe	National avg.	Difference
All Electricity	$193.93	$193.99	0.0%
Phone	$186.48	$192.25	3.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Santa Cruz, AZ	57	96	3.7%
Komatke, AZ	885	89	11.0%
Guadalupe, AZ	6,572	90	10.4%
Maricopa Colony, AZ	818	102	2.0%
Gila Crossing, AZ	659	94	5.6%
Tempe, AZ	191,607	112	11.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
McKinney, TX	191,197	129	28.6%
Tallahassee, FL	192,885	101	0.6%
Paradise, NV	193,150	106	5.9%
Mobile, AL	189,994	90	9.6%
Shreveport, LA	189,890	93	7.1%
Tempe, AZ	191,607	112	11.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Wood Park, Tempe, AZ