Cost of Living in Maricopa County, Arizona

$1,587/mo
Median Monthly Rent
$414,700
Median Home Value

At a Glance

Median Monthly Rent
$1,587/mo
56% above state average
Median Home Value
$414,700
47% above national
Rent-to-Income Ratio
30.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Maricopa County Compares

Median monthly rent comparison

Maricopa County$1,587/mo
Arizona Average$1,016/mo
National Median$1,163/mo

Detailed Housing Stats

$1,587/mo
Median Gross Rent
$414,700
Median Home Value
$1,445/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Maricopa County ranks #2,981 of 3,144 counties for affordability (bottom 5%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Maricopa County, Arizona

Maricopa renters pay above national average

At 22.3%, Maricopa County's rent-to-income ratio exceeds the national standard by roughly three percentage points, indicating tighter affordability for renters than typical American markets. With median rent at $1,587 and household income at $85,518, Maricopa reflects Phoenix's urban popularity and rapid growth.

Second-priciest rental market in Arizona

Maricopa County's 22.3% rent-to-income ratio ranks second-highest in Arizona after Coconino's 24.2%, signaling moderate-to-tight rental affordability in the state's largest metro. At $1,587 median rent, Maricopa exceeds the state average by 56%, driven by Phoenix's dominance as Arizona's employment and population center.

Significantly costlier than all surrounding counties

Maricopa's $1,587 median rent dwarfs every surrounding county—Coconino at $1,406, Gila at $1,001, Cochise at $939, and Apache at $647—reflecting Phoenix's metropolitan scale and economic pull. Its median home value of $414,700 essentially matches Coconino's, making Maricopa the state's priciest urban housing market.

Renters spend 22%, owners 20% of income

Maricopa renters pay $1,587 monthly—22.3% of the $85,518 median income—while homeowners pay $1,445, or just 20.3% of income. The narrow 2-percentage-point gap shows that Maricopa's high home values mean both renters and owners face substantial housing burdens despite above-average household incomes.

Maricopa offers opportunity at a premium

If Phoenix's job markets, urban services, and networking opportunities justify higher housing costs, Maricopa County's $1,587 rent and $414,700 home values deliver access to Arizona's economic engine. Compare this against smaller, cheaper counties to decide whether metro-area benefits offset a 22% housing cost burden.

Cost of Living Advisory: Maricopa County

Affordability Verdict

Housing in Maricopa County is affordable. The median rent is $1,587/month against a median household income of $85,518, putting rent at 22.3% of income.

Rent vs. Own

At $1,587/month rent versus $1,445/month in owner costs, owning is roughly $142/month cheaper — a 9% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $63,480/year. For owner costs at the 28% rule, the required income is roughly $61,929/year. With a median household income of $85,518, most households can comfortably afford rent here. Notably, 30.0% of renter households in Maricopa County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Pinal County where rent averages $1,417/month, Maricopa County is approximately 12% more expensive.

Affordability Calculator

See how your income compares to housing costs in Maricopa County

$

Rent Burden

22.3%

of gross income

Max Housing (28% Rule)

$1,995

per month

Owner Cost Burden

20.3%

of gross income

The median home in Maricopa County may be a stretch

Median home value is $414,700. Estimated monthly cost: $3,311 vs. your max of $1,995.

Rent Affordability Guide

Your rent-to-income ratio22.3%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $85,518Needed: $63,480
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $85,518Needed: $61,929
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $85,518Needed: $96,512

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Maricopa County, Arizona?
Maricopa County, Arizona has a median monthly rent of $1,587/mo and a median home value of $414,700. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Maricopa County?
The median gross rent in Maricopa County is $1,587/mo. This is 56% above state average for Arizona.
Is Maricopa County affordable?
Maricopa County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Maricopa County's rent compare to the state average?
Maricopa County's median rent of $1,587/mo is 56% above state average of $1,016/mo for Arizona.
What is the median home value in Maricopa County?
The median home value in Maricopa County, Arizona is $414,700. This is 47% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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