A wise sage once said:
“She works hard for the money…”
And these places in Arizona definitely treat her right.
You see, these are the cities and places in Arizona where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Grand Canyon State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 57 largest places in Arizona, we were left with this set of the best value for your money.
So where is the cheapest place to live in Arizona? That would be Holbrook.
So listen up Sedona (the most expensive place in Arizona) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Arizona and the cheapest places in the country:
How We Determined The Most Affordable Places To Live In The Grand Canyon State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Arizona to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 57 places in Arizona that have more than 5,000 people.
The place with the lowest cost of living in Arizona according to the data is Holbrook.
The 10 Cheapest Places To Live In Arizona For 2019
Holbrook is a city in Navajo County, Arizona, United States. According to the 2010 census, the population of the city was 5,053. The city is the county seat of Navajo County.
The median income in Holbrook comes in at $44,348 and the median home value is $83,700 for 2019.
Winslow is a city in Navajo County, Arizona, United States. According to the 2010 census, the population of the city is 9,655.
The median income in Winslow comes in at $36,647 and the median home value is $87,800 for 2019.
The median income in Eloy comes in at $34,040 and the median home value is $80,600 for 2019.
Page is a city in Coconino County, Arizona, United States, near the Glen Canyon Dam and Lake Powell. As of the 2010 census, the population of the city was 7,247.
The median income in Page comes in at $60,135 and the median home value is $147,300 for 2019.
Florence is a town, 61 miles southeast of Phoenix, in Pinal County of Arizona, United States. Florence, which is the county seat of Pinal County, is one of the oldest towns in that county and is regarded as a National Historic District with over 25 buildings listed on the National Register of Historic Places. The population of Florence was 30,770 at the 2015 census.
The median income in Florence comes in at $47,188 and the median home value is $127,900 for 2019.
Coolidge is a city in Pinal County, Arizona, United States. According to the 2010 census, the city’s population is 11,825.
The median income in Coolidge comes in at $40,718 and the median home value is $88,200 for 2019.
Globe is a city in Gila County, Arizona, United States. As of the 2010 census, the population of the city was 7,532. The city is the county seat of Gila County. Globe was founded c. 1875 as a mining camp. Mining, tourism, government and retirees are most important in the present-day Globe economy.
The median income in Globe comes in at $44,821 and the median home value is $116,600 for 2019.
Safford is a city in Graham County, Arizona, United States. According to the 2010 Census, the population of the city is 9,566. The city is the county seat of Graham County.
The median income in Safford comes in at $48,795 and the median home value is $136,600 for 2019.
Douglas is a city in Cochise County, Arizona, United States that lies in the north-west to south-east running San Bernardino Valley within which runs the Rio San Bernardino. Douglas has a border crossing with Mexico at Agua Prieta and a history of mining.
The median income in Douglas comes in at $30,986 and the median home value is $88,200 for 2019.
The median income in Snowflake comes in at $49,813 and the median home value is $154,100 for 2019.
There You Have It Mr. Or Mrs. Arizona Cheapskate
If you’re looking at the cost of living numbers in Arizona, this is an accurate list of the most affordable places to live in arizona for 2019.
Here’s a look at the most expensive cities in Arizona according to the data:
For more Arizona reading, check out: