Lake Havasu City, AZ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lake Havasu City, AZ Summary

Cost of living in Lake Havasu City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Havasu City is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Arizona, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lake Havasu City is 103, with 100 being the average.

  • The cost of living index in Lake Havasu City is 1.0x higher than the national average.

  • Lake Havasu City ranks as the #63 cheapest in Arizona out of 94.

  • Lake Havasu City ranks as the #3,487 cheapest out of 6,412 in the US.

  • The median home value in Lake Havasu City is $297,200.

  • The median income in Lake Havasu City is $59,817.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
103
Lake Havasu City's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Lake Havasu City, AZ?

According to the most recent data on the cost of living, Lake Havasu City has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.

Compared to Arizona, Lake Havasu City has a cost of living index that's 1.0x lower than Arizona's index of 107.

The standard of living in Lake Havasu City ranks as #63 most affordable out of the 94 places we measured in Arizona. By definition, that implies Lake Havasu City ranks as the #31 most expensive place in the Grand Canyon State.

For more reading on life in Lake Havasu City, check out:

63 out of 94
In Arizona
3,487 out of 6,412
In America

Lake Havasu City Cost Of Living Vs. Arizona

Six factors go into calculating the cost of living index in Lake Havasu City. Here is how it fairs on each of the criteria:

  • The Services index in Lake Havasu City is 102.

  • The Groceries index in Lake Havasu City is 97.

  • The Health index in Lake Havasu City is 100.

  • The Housing index in Lake Havasu City is 107.

  • The Transportation index in Lake Havasu City is 107.

  • The Utilities index in Lake Havasu City is 98.

Living Expense Lake Havasu City Arizona National Average
Overall 103 107 100
Services 102 102 100
Groceries 97 101 100
Health 100 94 100
Housing 107 121 100
Transportation 107 105 100
Utilities 98 97 100
For more reading on cost of living around Arizona, check out:
Lake Havasu City Cost of Living Vs. AZ

Lake Havasu City, AZ Housing Cost Breakdown

Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lake Havasu City is $297,200.

  • The Median Rent in Lake Havasu City is $1,021.

  • The Median Income in Lake Havasu City is $59,817.

  • The Home Value To Income in Lake Havasu City is 5.0x.

  • The Rent To Monthly Income in Lake Havasu City is 0.2x.

Statistic Lake Havasu City Arizona United States
Median Home Value $297,200 $265,600 $244,900
Median Rent $1,021 $1,172 $1,163
Median Income $59,817 $65,913 $69,021
Home Value To Income 5.0x 4.0x 3.5x
Rent To Monthly Income 0.2x 0.21x 0.2x
Search Homes For Sale In Lake Havasu City, AZ
$297,200
Median Home Value
$1,021
Median Rent
$59,817
Median Income

Lake Havasu City, AZ Costs By Category

Detailed Lake Havasu City Services Costs Vs. Arizona

Item Lake Havasu City Arizona
Shampoo $0.86 $1.06
Movie $8.13 $10.68
Bowling $5.57 $14.67
Haircut $15.74 $18.62
Beauty Salon $39.32 $39.05

Detailed Lake Havasu City Groceries Costs Vs. Arizona

Item Lake Havasu City Arizona
Ground Beef $3.04 $4.22
Fried Chicken $1.12 $1.39
Milk $1.55 $2.05
Potatoes $2.52 $3.29
Pizza $11.47 $10.62
Beer $9.33 $9.38
Toothpaste $2.85 $2.34

Detailed Lake Havasu City Health Costs Vs. Arizona

Item Lake Havasu City Arizona
Optometrist $98.34 $108.57
Doctor $107.25 $116.17
Dentist $88.99 $99.13

Detailed Lake Havasu City Transportation Costs Vs. Arizona

Item Lake Havasu City Arizona
Gasoline $2.37 $2.22
Tire Balancing $52.4 $50.07

Detailed Lake Havasu City Utilities Costs Vs. Arizona

Item Lake Havasu City Arizona
All Electricity $162.02 $167.67
Phone $28.14 $175.64

Lake Havasu City SnackAbility

8
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
5
Diversity
8
Safety
7
Amenities
8.5
Education
6
Commute
9

Articles About Arizona

Enjoy The Snack?