Cost of Living in El Mirage, AZ

An Overview of Cost of Living in El Mirage, AZ

Understanding the cost of living in El Mirage can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The El Mirage cost of living index is 104, which is 4% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in El Mirage closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of El Mirage can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is El Mirage Affordable?

Wondering if El Mirage is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In El Mirage, for example, the median home price is 4.1% lower than what folks pay nationally, and monthly rent is 37.8% higher than the usual rates. Plus, income levels matter too, with El Mirage boasting a median household income of $59,975, which is 8.4% higher than the national average.

What Factors can Influence the Cost of Living in El Mirage?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in El Mirage comes in at 23.6% higher than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In El Mirage, the groceries index registers 1.7% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In El Mirage, the transportation index is 4.7% lower than the national average.

Where is the Data From?

The El Mirage cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.