Payson, AZ Cost Of Living
Cost Of Living In Payson, AZ Summary
Cost of living in Payson 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 Payson 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 Payson is 106, with 100 being the average.
The cost of living index in Payson is 1.1x higher than the national average.
Payson ranks as the #68 cheapest in Arizona out of 94.
Payson ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Payson is $272,500.
The median income in Payson is $58,109.
Table Of Contents
Payson's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Payson, AZ?
According to the most recent data on the cost of living, Payson has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Arizona, Payson has a cost of living index that's 1.0x lower than Arizona's index of 107.
The standard of living in Payson ranks as #68 most affordable out of the 94 places we measured in Arizona. By definition, that implies Payson ranks as the #26 most expensive place in the Grand Canyon State.
For more reading on life in Payson, check out:
- Living In Payson
- Payson Crime Report
- Search Homes For Sale In Payson, AZ
In Arizona
In America
Payson Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Payson. Here is how it fairs on each of the criteria:
The Services index in Payson is 110.
The Groceries index in Payson is 107.
The Health index in Payson is 109.
The Housing index in Payson is 108.
The Transportation index in Payson is 110.
The Utilities index in Payson is 96.
| Living Expense | Payson | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 106 | 107 | 100 | |
| Services | 110 | 102 | 100 | |
| Groceries | 107 | 101 | 100 | |
| Health | 109 | 94 | 100 | |
| Housing | 108 | 121 | 100 | |
| Transportation | 110 | 105 | 100 | |
| Utilities | 96 | 97 | 100 | |
Payson, 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 Payson is $272,500.
The Median Rent in Payson is $1,067.
The Median Income in Payson is $58,109.
The Home Value To Income in Payson is 4.7x.
The Rent To Monthly Income in Payson is 0.22x.
| Statistic | Payson | Arizona | United States |
|---|---|---|---|
| Median Home Value | $272,500 | $265,600 | $244,900 |
| Median Rent | $1,067 | $1,172 | $1,163 |
| Median Income | $58,109 | $65,913 | $69,021 |
| Home Value To Income | 4.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Payson, AZ Costs By Category
Detailed Payson Services Costs Vs. Arizona
Detailed Payson Groceries Costs Vs. Arizona
Detailed Payson Health Costs Vs. Arizona
Detailed Payson Transportation Costs Vs. Arizona
Detailed Payson Utilities Costs Vs. Arizona
Payson SnackAbility
/10
Cost Of Living In Cities Around Payson
The cost of living varies in the cities and towns around Payson. Here's a quick look at the cost of living in the most populous nearby places:
Scottsdale, AZ has a cost of living index of 128, 1.2x Payson.
Camp Verde, AZ has a cost of living index of 99, 0.9x Payson.
Village of Oak Creek (Big Park), AZ has a cost of living index of 130, 1.2x Payson.
| City | Population | Cost Of Living | Vs. Payson |
|---|---|---|---|
| Scottsdale, AZ | 238,685 | 128 | 1.2x |
| Camp Verde, AZ | 11,942 | 99 | 0.9x |
| Village of Oak Creek (Big Park), AZ | 6,144 | 130 | 1.2x |
