Lake Havasu City, AZ Cost Of Living
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
Lake Havasu City's Overall Cost Of Living
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:
- Living In Lake Havasu City
- Lake Havasu City Crime Report
- Search Homes For Sale In Lake Havasu City, AZ
In Arizona
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 | |
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 |
Median Home Value
Median Rent
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
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