Cost Of Living in Cottonwood CDP, AZ

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Cottonwood CDP	Arizona	National
Cost of living	86	101	100
Goods & Services	112	104	100
Groceries	104	102	100
Health care	88	94	100
Housing	44	97	100
Transportation	105	106	100
Utilities	85	95	100

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Cost Of Living Quick Facts

The cost of living in Cottonwood CDP is 14% lower than the Arizona average
The cost of living in Cottonwood CDP is 14% lower than the national average
Cottonwood CDP housing is 56% lower than the national average
Arizona general sales tax is 10% higher than the national average
Arizona state income tax is 4% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$34,583	$2,882	$807	$1,038
Renters	$35,313	$2,943	$824	$1,059

A good way to judge both the affordability of the housing and the cost of living in Cottonwood CDP is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Cottonwood CDP has a median income of about $34,583 for people who own homes. Based on that number, a maximum of $807 should be spent on expenses related to housing. Renters have a slightly different median income, which is $35,313. Based on this average, renters should spend no more than $824 on all rental costs if they want to maintain a non-impoverished standard of living.

Arizona Sales Tax

State	General Sales Tax	With Max Surtax
Arizona	5.6%	10.725%

Arizona Income Tax

State	Income Tax (Low)	Income Tax (High)
Arizona	2.5%	2.5%

Goods & Services

Item	Cottonwood CDP	National avg.	Difference
Haircut	$22.83	$24.26	5.9%
Beauty Salon	$38.80	$45.56	14.8%
Toothpaste	$3.54	$3.70	4.3%
Shampoo	$1.33	$1.28	4.1%
Movie	$11.70	$12.13	3.5%
Bowling	$26.78	$18.00	48.8%

Groceries

Item	Cottonwood CDP	National avg.	Difference
Ground Beef	$5.21	$5.84	10.7%
Fried Chicken	$1.73	$1.57	9.7%
Milk	$4.78	$4.67	2.4%
Potatoes	$4.05	$4.93	17.9%
Pizza	$13.22	$12.09	9.4%
Beer	$11.51	$10.41	10.6%

Health Care

Item	Cottonwood CDP	National avg.	Difference
Optometrist	$83.94	$125.68	33.2%
Doctor	$96.11	$135.78	29.2%
Dentist	$104.95	$113.29	7.4%
Ibuprofen	$11.06	$10.65	3.8%
Lipitor	$472.82	$468.60	0.9%

Housing

Item	Cottonwood CDP	National avg.	Difference
Home Price	$76,300.00	$184,700.00	58.7%
Avg. Mortgage Payment	$2,137.30	$2,346.69	8.9%
Apartment Rent	$469.00	$949.00	50.6%

Transportation

Item	Cottonwood CDP	National avg.	Difference
Gasoline	$3.58	$3.46	3.4%
Tire Balancing	$45.24	$59.92	24.5%

Utilities

Item	Cottonwood CDP	National avg.	Difference
All Electricity	$272.57	$193.99	40.5%
Phone	$184.69	$192.25	3.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cottonwood, AZ	12,228	104	3.8%
Camp Verde, AZ	11,241	104	4.4%
Lake Montezuma, AZ	4,707	105	5.3%
Dewey-Humboldt, AZ	4,123	108	7.6%
Verde Village, AZ	12,780	108	8.2%
Cottonwood CDP, AZ	186	86	13.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Poston, AZ	186	83	17.2%
Lewis, CO	186	112	11.8%
Nobleton, FL	186	91	8.6%
Avalon, GA	186	86	14.1%
Moore, ID	186	88	12.5%
Cottonwood CDP, AZ	186	86	13.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Cottonwood CDP, AZ