A+
22%
Overall NAT. AVG.
17%
Goods & Services NAT. AVG.
47%
Housing NAT. AVG.
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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 New Kingman-Butler Arizona National
Cost of living78101100
Goods & Services83104100
Groceries100102100
Health care9294100
Housing5397100
Transportation99106100
Utilities8795100

An Overview of Cost of Living in New Kingman-Butler, AZ

Are you thinking about relocating, but curious about the potential cost of living in New Kingman-Butler? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in New Kingman-Butler stands at 78, making it 22% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

As per the most recent annual cost of living index, New Kingman-Butler stands out as one of the most economical places to call home in the entire country. A mere few cities can claim a cost of living index that is at least 20% less than the national average, and New Kingman-Butler proudly belongs to this select category. This emphasizes the extraordinary affordability of this locality when compared with other areas.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in New Kingman-Butler are 47.4% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Everyday necessities such as clothing, personal hygiene products and recreational activities collectively contribute to the overall cost of living. The favorable news is that in New Kingman-Butler, these essential goods and services are priced 17.4% below the national average. This translates to the ability to procure essential items and indulge in leisure activities without depleting one's financial resources excessively. With the resulting savings, individuals have the opportunity to allocate additional funds towards their savings or other financial objectives.

Is New Kingman-Butler Affordable?

Is New Kingman-Butler an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in New Kingman-Butler is 59.8% lower than the national average, while the average monthly rent prices are 18.3% lower than average. The affordability of any location can also be influenced by median income levels. New Kingman-Butler has a median household income of $36,169, which is 34.6% lower than the national average.

What Factors can Influence the Cost of Living in New Kingman-Butler?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In New Kingman-Butler, healthcare costs are 7.7% lower than the national average.

Where is the Data From?

The cost of living in New Kingman-Butler, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in New Kingman-Butler is 22% lower than the Arizona average
  • The cost of living in New Kingman-Butler is 22% lower than the national average
  • New Kingman-Butler housing is 47% 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 New Kingman-Butler

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Compare New Kingman-Butler, AZ Cost of Living

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      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$38,486$3,207$898$1,155
      Renters$28,913$2,409$675$867
      A good indicator of the general affordability of housing in New Kingman-Butler, AZ, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In New Kingman-Butler, the median monthly income is $38,486 for those who own their own homes. Under the standard rule, that income level would allow for $898 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,913, per the median income in the area. That would allow for renters to spend up to $675 on monthly rental expenses.

      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 New Kingman-Butler National avg. Difference
      Haircut $30.00$24.2623.7%
      Beauty Salon $45.83$45.560.6%
      Toothpaste $3.41$3.708.0%
      Shampoo $1.35$1.285.4%
      Movie $13.08$12.137.8%
      Bowling $27.50$18.0052.8%

      Groceries

      Item New Kingman-Butler National avg. Difference
      Ground Beef $6.14$5.845.1%
      Fried Chicken $1.46$1.577.0%
      Milk $4.89$4.674.7%
      Potatoes $4.66$4.935.6%
      Pizza $14.82$12.0922.6%
      Beer $11.30$10.418.5%

      Health Care

      Item New Kingman-Butler National avg. Difference
      Optometrist $169.83$125.6835.1%
      Doctor $136.00$135.780.2%
      Dentist $124.17$113.299.6%
      Ibuprofen $11.20$10.655.1%
      Lipitor $521.56$468.6011.3%

      Housing

      Item New Kingman-Butler National avg. Difference
      Home Price $74,200.00$184,700.0059.8%
      Avg. Mortgage Payment $3,416.09$2,346.6945.6%
      Apartment Rent $775.00$949.0018.3%

      Transportation

      Item New Kingman-Butler National avg. Difference
      Gasoline $3.93$3.4613.4%
      Tire Balancing $72.35$59.9220.8%

      Utilities

      Item New Kingman-Butler National avg. Difference
      All Electricity $145.78$193.9924.9%
      Phone $185.71$192.253.4%
      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.
      McConnico, AZ08910.7%
      Pinion Pines, AZ1888910.7%
      So-Hi, AZ3307524.9%
      Chloride, AZ3977723.4%
      Antares, AZ1637822.3%
      New Kingman-Butler, AZ12,9817821.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Plover, WI12,981936.8%
      Los Alamos, NM12,97811514.5%
      El Dorado, KS12,9768514.5%
      Claremont, NH12,9691066.0%
      Lynnfield, MA12,96818080.3%
      New Kingman-Butler, AZ12,9817821.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.