Cost of Living in Cordes Lakes, AZ

Population 3,218 · Arizona · Data vintage 2023

64
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 56, Cordes Lakes functions largely as a retirement market. Housing costs — $154,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

Located 40 miles north of Peoria, Cordes Lakes falls within that metro's commuting orbit. Median home values run roughly 64% lower than Peoria's $429,000.

Cost Overview

Housing 50
Rent 84

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Cordes Lakes

The median home value in Cordes Lakes is $153,600 — 50% below the national median of $305,000. Median rent runs $1,110/month, 16% lower than the national median of $1,314/month. The median household income of $55,691/year is 25% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Arizona's top state income tax rate is 2.5% and the combined sales tax is 8.4%. Overall, Cordes Lakes has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

🏠 Housing

Median Home Value
$153,600
50% below avg
Median Rent
$1,110/mo
16% below avg
Price-to-Rent Ratio
11.5x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$985
1 BR
$1,055
2 BR
$1,373
3 BR
$1,877
4 BR
$2,092
Owner-occupied 83.8%
Renter-occupied 16.2%

💰 Estimated Monthly Budget

Rent median rent
$1,110
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,724/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
37.3 min
38% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.4%

Commute Mode

Drove alone
84.5%
Carpooled
12.2%
Work from home
3.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 2.5%
Total Sales Tax 8.4%
State rate 5.6%
Avg local rate 2.8%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$55,691
25% below avg
Per Capita Income
$23,955
Unemployment Rate
5.3%
11% above avg
Poverty Rate
7.7%
Labor Force Participation
40.0%

🎓 Education

Bachelor's degree+ 10.5%
Graduate degree 1.4%

👥 Demographics

Median Age 56.3
Male median age 57.1
Female median age 49.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
81.9%
Good air days/yr
87
Max AQI recorded
7
PM2.5 days
357
Ozone days

Frequently Asked Questions

What is the cost of living in Cordes Lakes, AZ?

Cordes Lakes has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in Cordes Lakes, AZ?

The median gross rent in Cordes Lakes is $1,110 per month based on 2023 Census data.

What is the average home price in Cordes Lakes?

The median home value in Cordes Lakes is $153,600 according to 2023 Census ACS data.

What is the median income in Cordes Lakes?

The median household income in Cordes Lakes is $55,691 per year (2023 ACS 5-year estimates).

What is the sales tax in Cordes Lakes, AZ?

The combined state and local sales tax rate in Cordes Lakes is 8.4%. The Arizona state income tax top rate is 2.5%.

Is Cordes Lakes, AZ affordable?

Yes, Cordes Lakes is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

Cordes Lakes at a Glance

Population
3,218
Median Income
$55,691
Home Value
$153,600
Median Rent
$1,110/mo
Unemployment
5.3%
Sales Tax
8.4%
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🗺️ County data for Arizona

Explore county-level cost of living data

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