Mesa, Arizona, is a city located in Maricopa County. In terms of population, it far tops all other East Valley cities in the greater Phoenix area.
Thinking about making a move to Mesa, Arizona? Mesa, Arizona, is the state’s third largest city and a major suburb of Phoenix, known for its low housing costs, stunning natural landscapes, and rich cultural offerings.
A potential new resident of Mesa, Arizona, may have this pressing query: What is the cost of living like in Mesa? Can you give me an estimate of the monthly cost of living? Everything you need to know about renting or buying a property in Mesa is included in this comprehensive guide. Please read on!
Calculating the Mesa Cost of Living
The cost of living in Mesa, Az, can be evaluated in several ways. The Cost of Living Index is a decent starting point. A look at how major metropolitan regions and their surrounding areas stack up in terms of basic service and product costs.
Mesa, Arizona has a CPI of $103.9. That’s about 4% more than the state average and only 2% more than the cost of living in Mesa, Az. Your utility costs are 6% more than the national average, while your transportation and grocery costs are near the national average.
Lastly, housing costs primarily contribute to Mesa’s higher-than-average cost of living. Currently, Mesa has a housing index of 116.9.
Estimated Mesa Az cost of living
See below for how that annual income and expense total of $62,466 breaks down in the typical Mesa home:
- 33.8% ($21,094) of income goes toward housing costs.
- Cost of travel: $12,776 (20%)
- $3,739 is spent on meals at home, while $2,998 is spent on dining out. This amounts to an 11% expenditure on food.
- 10.7% of income goes on retirement and insurance.
- 8.4%: Health Care
- Spending on leisure activities: 4.1%
- A 2.5% markup on goods and labor
Grocery prices and Services in Mesa, Arizona
Comparing current prices with the averages will give you a good idea of the cost of living in Mesa, Arizona. The overall cost of monthly groceries might differ, but a normal monthly budget looks like this:
- One pound of ribeye steak costs $13.76.
- For $1.82, you can get half a gallon of milk.
- For $1.78, you can get a dozen eggs.
- Pricing for potatoes (five pounds): $2.97
- You may buy a loaf of bread for $3.67.
- One pound of chicken breast for $4.
- The price of a ticket to the movie is $10.16.
- Utilities cost a median of $192.55 per month in Mesa.
Mesa schools, on average, receive 8 out of 10 ratings, placing them in the upper 30 percentile of Arizona’s public school system. Minority registration is 54%, lower than the 64% statewide average in Arizona’s public schools.
Healthcare (same as the national average)
Amazingly, medical care is the lowest cost of living factor everywhere. Similarly, it’s actually quite affordable in Mesa.
Reasons include the high cost of living and the abundance of first-rate medical facilities. In addition, the water and air quality in Mesa are both satisfactory.
Finally, a median income is enough for a decent healthcare plan.
Housing and Real Estate
Are you thinking about investing in a home? There is great competition in the Mesa, Arizona, property market. Mesa, Arizona, real estate prices are up 28% over the past year, and 51% of properties sell for more than they were originally listed.
Furthermore, expect to face many offers, canceled circumstances, and bids above the asking price in the tough Mesa, Arizona, real estate market.
It’s a good idea to check about it, as some areas of Mesa are more reasonably priced than others.
Lastly, if you can spare a few more days to look, you might find a bargain that would save you hundreds or even thousands of dollars.
Median home price in Mesa Az
Home prices in Mesa, Arizona, average $416589. Home prices in Mesa, Arizona, have risen 4.8% in the previous 12 months.
However, you can expect a median home price of 45 to 50k in a few months. A median income here is enough for you to sign up for a mortgage.
Which Is Cheaper in Mesa, Arizona: Renting or Buying?
According to a recent report concerning rental affordability for 2022, renting in Mesa is preferable to buying a home of similar value. Also, with the rising housing market, it is a great idea to hold on to the thoughts of buying a new property.
However, in 58 percent of U.S. counties, homeownership is less expensive than renting, meaning a smaller percentage of income is needed to maintain the home.
Mesa, Arizona Rent Costs on Average
Looking at rental rates might give insight into how much you can expect to spend a month in Mesa. Is it possible to get cheap housing in Mesa, Arizona? The median monthly rental in Mesa, AZ, is $1529.
Eastmark and Mountain Heights, two of Mesa’s priciest communities, have average monthly rents above $2,250.
Powell Estates, Rancho del Mar, and Mesa Grande are just a few areas where the average monthly rent is less than $2,500.
Here is a list of average common rent:
- A studio apartment 800 to $900
- One bedroom apartment 900 to $1050
- Two bedroom apartment 1100 to 1300
- Three bedroom apartment 1600 to $1750
Moving away from the city center may lessen the average monthly rent.
Mesa has utility costs that are the same as the national average. Remember that you will hardly ever turn on the heater, but the air conditioner is always running.
That will result in a lower fuel bill but a high electricity bill. Expenses in other categories are also on par with the national average.
Mesa differs from where you can expect to pay less for things like internet, phone, or miscellaneous goods and services.
It’s unusual, but in Mesa, Arizona, transportation costs are the highest of any major factor. That’s mostly because gas is more expensive in the country.
To give just one example, the national average price of gasoline in the U. S. is $2.62 a gallon. The average cost per gallon of gas in Phoenix is $2.50, while in Mesa, it is $2.75.
It can add up to a significant sum after a year of driving. Fortunately, the average commute time in Mesa is only 24 minutes, around two minutes less than the national average. As a minimum, you’ll save some money each year.
The median annual income in Mesa is $44,634 as of the 22nd of this month. If you need an easy way to figure out money, that’s about $21.46 per hour.
This works out to $3,719 a week or $858 per week. The median yearly income in Mesa is $53,217, with the 25th percentile earning $33,431.
Also, salary ranges are not a hard and fast rule but a function of numerous variables such as field of work and level of expertise. Additionally, having a high-paying job can get you an enormous increase in your gross income and, naturally, the income tax.
Top paying professions
The highest-paid specialties in the city of Mesa are:
- Information systems engineer,
- Chief Medical Officer,
- Information engineer
- Project manager
- Urgent Care Physician
- Systems analyst
Is Mesa, Arizona, nice to settle down in?
Arizona’s Mesa is a nice place to call home. You won’t find a better spot to call home than in this fantastic city in Arizona.
Mesa is known for its better cost of living, pleasant climate, fine living index, beautiful landscape, and outdoor activities like horse riding, golf, and climbing.
Its proximity to Phoenix also makes it a highly desirable location. Mesa is a nice spot to settle down if you consider moving there.
How much money do you need to move to Mesa, Az
Well, that depends. In Mesa, AZ, a tenant would need a monthly income of at least $4,764 before actual taxes to get by comfortably.
This amounts to a yearly salary of $57,168 before taxes. Some in-depth research can help determine how much you can pay monthly. Also, you can enjoy a premium mesa cost of living with a high salary.
Mesa ranks among the top 4% most costly cities in the world, 305th out of 2203 in the U. S., and 6th out of 34 in Az regarding the cost of living. Similarly, the income tax is also on par with the national average.
Finally, Mesa, Arizona, has the cost of living slightly below the U.S. average. Mesa is an attractive place to reside because of its abundant sunshine, great living index, excellent educational opportunities, and low crime rate. Thanks for the Read!