Arizona is a land of diverse landscapes and cities, offering a variety of living experiences. From vibrant cities like Phoenix to quaint small towns nestled amidst scenic beauty, Arizona has something for everyone. If you’re seeking affordable living without compromising on quality, we’ve curated a list of the ten most affordable places in Arizona for 2023.
How We Picked These Gems
Our methodology involves a comprehensive analysis of Arizona Census data encompassing median home prices, average incomes, and the overall cost of living across various cities. Here, we present the top ten affordable places where you can find your ideal living space in Arizona.
Home Price To Income Ratio: 2.5x (2nd most affordable)
Income To Rent Ratio: 62.9x (38th cheapest)
Nestled close to the Petrified Forest National Park, Benson is a hidden gem steeped in Native American culture and history. Offering a median home value of $114,400 and a median rent of $731, Benson boasts a high-quality yet affordable living experience. Its strong community spirit and access to outdoor adventures contribute to its allure.
Home Price To Income Ratio: 2.6x (4th most affordable)
Income To Rent Ratio: 66.3x (19th cheapest)
Globe, situated in Gila County, stands out not only for its affordability but also for its diversity and commendable commute times. The city’s thriving job market in mining, tourism, and retail provides a solid foundation for its residents, offering an enticing blend of small-town charm and urban amenities.
Home Price To Income Ratio: 2.8x (11th most affordable)
Income To Rent Ratio: 67.9x (13th cheapest)
At the border of the San Carlos Reservation, Safford attracts a youthful population due to its thriving mining and education sectors. With a median household income of $53,503/year and proximity to rich natural resources, Safford provides an affordable yet lucrative living environment.
Home Price To Income Ratio: 2.8x (7th most affordable)
Income To Rent Ratio: 74.3x (29th cheapest)
Rooted in history and surrounded by the stunning Mt. Graham, Thatcher, founded by Mormon settlers, retains its affordability with a median income of $66,821 and median home price of $184,800. Boasting a cost of living at 95% of the U.S. norm, Thatcher offers a comfortable lifestyle.
Home Price To Income Ratio: 2.7x (5th most affordable)
Income To Rent Ratio: 61.2x (54th cheapest)
Located on the Arizona/Mexico border, Douglas exudes affordability and a rich cultural mix. With a focus on public administration and education jobs, Douglas maintains its charm as an affordable yet vibrant city.
Home Price To Income Ratio: 2.8x (9th most affordable)
Income To Rent Ratio: 61.8x (46th cheapest)
Situated at the convergence of major highways, Eloy offers an enticing home price-to-income ratio. Known for its skydiving operations and affordable housing, Eloy beckons both adventurers and those seeking an economical yet pleasant lifestyle.
Home Price To Income Ratio: 2.5x (most affordable)
Income To Rent Ratio: 57.8x (55th cheapest)
Once a Pueblo People settlement, Coolidge, now home to Central Arizona College, boasts affordability as its hallmark. With a strong economy and second-most affordable home price-to-income ratio, Coolidge remains a budget-friendly choice.
Home Price To Income Ratio: 2.8x (8th most affordable)
Income To Rent Ratio: 65.0x (33rd cheapest)
Sierra Vista offers a median home value of $182,900 and a median rent of $1,017, making it a reasonably priced location with low unemployment rates. With its proximity to Fort Huachuca, the city offers a high quality of life at an affordable cost.
Home Price To Income Ratio: 2.5x (3rd most affordable)
Income To Rent Ratio: 55.2x (52nd cheapest)
Immortalized by a famous song, Winslow stands as an affordable hub with a median income close to $41,926. Once a railroad community, it now thrives in education, transportation, and public service sectors, offering an appealing cost of living.
Home Price To Income Ratio: 2.8x (6th most affordable)
Income To Rent Ratio: 66.8x (35th cheapest)
Located in Pima County, Sahuarita boasts a median home value of $251,800 and median rent of $1,364, making it an affordable option without compromising on quality. Its small-town vibe and natural beauty make it an attractive choice.
Arizona’s affordability doesn’t mean compromising on quality. These ten cities blend cost-effectiveness with rich cultural experiences and natural wonders, offering a myriad of options for those seeking affordable living in the Grand Canyon State.