Cost Of Living in Globe, 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	Globe	Arizona	National
Cost of living	101	101	100
Goods & Services	115	104	100
Groceries	103	102	100
Health care	98	94	100
Housing	80	97	100
Transportation	124	106	100
Utilities	98	95	100

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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

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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	$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	$24.26	31.9%
Beauty Salon	$51.63	$45.56	13.3%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.24	$1.28	3.3%
Movie	$12.43	$12.13	2.5%
Bowling	$24.03	$18.00	33.5%

Groceries

Item	Globe	National avg.	Difference
Ground Beef	$5.75	$5.84	1.5%
Fried Chicken	$1.47	$1.57	6.7%
Milk	$4.84	$4.67	3.5%
Potatoes	$4.54	$4.93	7.9%
Pizza	$13.22	$12.09	9.3%
Beer	$11.37	$10.41	9.2%

Health Care

Item	Globe	National avg.	Difference
Optometrist	$105.08	$125.68	16.4%
Doctor	$126.58	$135.78	6.8%
Dentist	$108.47	$113.29	4.3%
Ibuprofen	$10.93	$10.65	2.6%
Lipitor	$529.92	$468.60	13.1%

Housing

Item	Globe	National avg.	Difference
Home Price	$135,300.00	$184,700.00	26.7%
Avg. Mortgage Payment	$2,990.52	$2,346.69	27.4%
Apartment Rent	$896.00	$949.00	5.6%

Transportation

Item	Globe	National avg.	Difference
Gasoline	$4.47	$3.46	29.1%
Tire Balancing	$66.63	$59.92	11.2%

Utilities

Item	Globe	National avg.	Difference
All Electricity	$193.37	$193.99	0.3%
Phone	$184.32	$192.25	4.1%

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, AZ	54	111	10.6%
Top-of-the-World, AZ	274	111	10.6%
Cutter, AZ	151	111	10.6%
East Globe, AZ	243	88	11.8%
Pinal, AZ	314	91	9.1%
Globe, AZ	7,351	101	1.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Charles City, IA	7,351	85	15.1%
Sandwich, IL	7,351	101	1.0%
Iron Mountain, MI	7,352	85	15.4%
Hudsonville, MI	7,353	93	6.6%
Tuttle, OK	7,348	94	6.1%
Globe, AZ	7,351	101	1.3%

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 Globe, AZ