Financial Profile: Arizona
Financial landscape, tax rates, cost of living, and median income scoring for Arizona residents.
Arizona at a Glance
Avg Salary
$56,000
Cost of Living
103
Top Tax Rate
2.5%
Adjusted Income
$54,368
Monthly Take-Home
$3,798
Max Rent (30%)
$1,400
Financial Genome at Median Income
Scores calculated for someone earning $56,000/yr in Arizona with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Arizona: Financial Overview
Arizona has a flat 2.5% income tax rate, one of the lowest in states with income tax.
- Flat 2.5% tax rate
- Growing job market
- No local income taxes
Major Cities
Phoenix, Tucson, Mesa, Chandler
With a cost of living index of 103 (above the national average of 100), expenses are higher in Arizona. A $60,000 salary here has the purchasing power equivalent of only $58,252 in an average-cost area.
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See your personalized Financial Genome scores based on your actual income and expenses in Arizona.
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