Cost of Living
Overall cost of living
in Greater Phoenix is below the national average. It is interesting
to note that metropolitan area cost of living tends to increase
proportionally with population size. Given that fact, Greater
Phoenix is one of the most affordable major metropolitan areas in
the country.
|
ACCRA Cost of
Living Index - Greater Phoenix |
Year/4th Qtr |
Composite |
Grocery |
Housing |
Utilities |
Transportation |
Health Care |
Misc. |
| 1995 |
101.4 |
104.3 |
93.6 |
107.6 |
111.7 |
116.9 |
99.4 |
| 1996 |
102.5 |
105.2 |
97.5 |
106.6 |
113.7 |
115.0 |
99.2 |
| 1997 |
103.6 |
104.6 |
101.0 |
105.3 |
114.3 |
114.4 |
100.1 |
| 1998 |
101.6 |
103.7 |
96.9 |
106.5 |
113.1 |
111.6 |
98.4 |
| 1999 |
102.4 |
101.7 |
100.9 |
102.4 |
108.7 |
115.7 |
100.0 |
| 2000 |
102.5 |
104.9 |
100.9 |
101.2 |
109.1 |
118.8 |
98.6 |
| 2001 |
100.2 |
99.6 |
96.8 |
96.0 |
105.2 |
112.0 |
101.2 |
| 2002 |
95.1 |
102.8 |
83.8 |
97.1 |
103.8 |
108.4 |
95.9 |
| 2003 |
98.5 |
100.8 |
88.9 |
91.5 |
111.2 |
112.3 |
102.6 |
| 2004 |
98.7 |
98.2 |
94.7 |
94.4 |
108.2 |
106.6 |
100.2 |
| 2005 |
96.3 |
100.7 |
88.8 |
92.9 |
102.3 |
99.5 |
101.3 |
| 2006 |
102.5 |
98.4 |
107.2 |
94.3 |
103.6 |
100.5 |
102.5 |
| 2007 |
101.7 |
98.0 |
103.4 |
94.1 |
105.2 |
100.8 |
102.8 |
| 2008* |
101.6 |
103.8 |
101.0 |
94.7 |
98.7 |
99.0 |
104.7 |
*First
Quarter 2008.
Note: US
Average = 100.0. The Index compares the cost of
maintaining a standard of living appropriate for
moderately affluent professional and managerial
households (annual income over $70,000 in most
parts of the country).
Source: American Chamber of Commerce Research
Association, May 2008. |
