Cost of Living in Globe, AZ

A+
1%
Overall NAT. AVG.
15%
Goods & Services NAT. AVG.
20%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Globe Arizona National
Cost of living101101100
Goods & Services115104100
Groceries103102100
Health care9894100
Housing8097100
Transportation124106100
Utilities9895100
New Real Estate Listings in Globe Area
Search
Search Homes for Sale in Globe, AZ
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Globe is 1% higher than the Arizona average
  • The cost of living in Globe is 1% higher than the national average
  • Globe housing is 20% 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

Most Affordable Places to Live in and Around Globe

See all the best places to live around Globe

Compare Globe, AZ Cost of Living

      vs
      How would you rate the cost of living in Globe?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Globe?
      Write a review to give others more information about this area.
      See all Globe poll results

      The best places in Arizona

      Here are the best places to live in ArizonaSafest Cities In The USCheck out the 10 safest cities in ArizonaMost Dangerous Cities In The US

      Salary Calculator

      This is how much you would need to earn in
      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$65,882$5,490$1,537$1,977
      Renters$38,169$3,181$891$1,145
      The affordability of the housing market in Globe, AZ as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Globe homeowners, the median income is $65,882. This indicates that a monthly maximum of $1,537 should be spent by homeowners on all housing related costs. Renters have a median income of $38,169. This indicates that renters would have a maximum of $891 for their rent related monthly costs.

      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 Globe National avg. Difference
      Haircut $31.99$24.2631.9%
      Beauty Salon $51.63$45.5613.3%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.24$1.283.3%
      Movie $12.43$12.132.5%
      Bowling $24.03$18.0033.5%

      Groceries

      Item Globe National avg. Difference
      Ground Beef $5.75$5.841.5%
      Fried Chicken $1.47$1.576.7%
      Milk $4.84$4.673.5%
      Potatoes $4.54$4.937.9%
      Pizza $13.22$12.099.3%
      Beer $11.37$10.419.2%

      Health Care

      Item Globe National avg. Difference
      Optometrist $105.08$125.6816.4%
      Doctor $126.58$135.786.8%
      Dentist $108.47$113.294.3%
      Ibuprofen $10.93$10.652.6%
      Lipitor $529.92$468.6013.1%

      Housing

      Item Globe National avg. Difference
      Home Price $135,300.00$184,700.0026.7%
      Avg. Mortgage Payment $2,990.52$2,346.6927.4%
      Apartment Rent $896.00$949.005.6%

      Transportation

      Item Globe National avg. Difference
      Gasoline $4.47$3.4629.1%
      Tire Balancing $66.63$59.9211.2%

      Utilities

      Item Globe National avg. Difference
      All Electricity $193.37$193.990.3%
      Phone $184.32$192.254.1%
      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.
      Copper Hill, AZ5411110.6%
      Top-of-the-World, AZ27411110.6%
      Cutter, AZ15111110.6%
      East Globe, AZ2438811.8%
      Pinal, AZ314919.1%
      Globe, AZ7,3511011.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Charles City, IA7,3518515.1%
      Sandwich, IL7,3511011.0%
      Iron Mountain, MI7,3528515.4%
      Hudsonville, MI7,353936.6%
      Tuttle, OK7,348946.1%
      Globe, AZ7,3511011.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024