Arizona is considered an affordable state! Let’s look at some numbers

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Arizona is one of the most popular destinations to move to. People are attracted to its sunny weather, beautiful natural landscapes, high standard of living, diversity, and rich cultural life. Job opportunities are on the rise, as major tech companies including Microsoft choose to expand or relocate to the state. And what the most important is that Arizonians can enjoy the perks of living in one of the most comfortable states for quite an affordable price.

The cost of living in Arizona is slightly below the national average. Phoenix, for example, is more affordable compared to other big cities across the country. Consumer prices in Phoenix are 20% lower than in Los Angeles; 28% lower than in San Francisco, and 34% lower than in New York.

The cost of living in Arizona is slightly below the national average. Phoenix, for example, is more affordable compared to other big cities across the country. Consumer prices in Phoenix are 20% lower than in Los Angeles; 28% lower than in San Francisco, and 34% lower than in New York.

Housing prices are particularly attractive for Arizona homebuyers. The average price for one square foot in Phoenix is $249 only. In Scottsdale, a more luxurious area, the average price is $331. Compare it with $730 in Los Angeles, $1,270 in San Francisco, and $1,481 in New York! In NY, it’s six times more expensive!

Taxes in Arizona are gentle on your wallet as well. Property tax in AZ is among the lowest in the whole country. As of 2020, the effective property tax rate is 0.64%. The median property tax is $1,356. In California these numbers equate to 0.70% and $3,104; in New York 1.32% and $4,600.

Income taxes are taxpayer-friendly, too. The tax rates range from 2.59% to 4.50%. The highest tax rate is applied to the income starting from $159, 000; the lowest from $26,500. Detailed rates breakdown for a single filer are provided in the table below.

If we compare it with the neighboring state of California, we can see the difference. Let’s say you earn $ 60, 000 a year. If you live in CA, you will be paying $5,580 in taxes. In Arizona, you’ll be paying $2,502.

The diagram below provides a rough estimate of what you’ll be paying in taxes in New York City, California, and Arizona as a single filer without taking into account circumstance exemptions and etc.

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