Cost of Living in Eloy, AZ

Population 16,671 · Arizona · Data vintage 2023

76
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Eloy is a smaller Arizona community of around 17000 residents, where median household incomes of $54,080 and housing costs ($244,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. A poverty rate near 21% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Located 30 miles south of San Tan Valley, Eloy falls within that metro's commuting orbit. Median home values run roughly 33% lower than San Tan Valley's $366,000.

Cost Overview

Housing 80
Rent 71

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

About the Cost of Living in Eloy

The median home value in Eloy is $243,600 — 20% below the national median of $305,000. Median rent runs $938/month, 29% lower than the national median of $1,314/month. The median household income of $54,080/year is 27% lower than the US median of $74,580. The local unemployment rate is 5.8%, 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, Eloy has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.

🏠 Housing

Median Home Value
$243,600
20% below avg
Zillow Home Value
$272,307
Zillow ZHVI
Median Rent
$938/mo
29% below avg
Price-to-Rent Ratio
21.6x
Favors renting
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 67.1%
Renter-occupied 32.9%

💰 Estimated Monthly Budget

Rent median rent
$938
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,552/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
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.5%

Commute Mode

Drove alone
67.6%
Carpooled
19.8%
Walked
1.3%
Bicycle
1.3%
Work from home
8.5%

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
$54,080
27% below avg
Per Capita Income
$19,561
Unemployment Rate
5.8%
21% above avg
Poverty Rate
21.3%
Labor Force Participation
29.0%

🎓 Education

Bachelor's degree+ 9.3%
Graduate degree 3.3%

👥 Demographics

Median Age 41
Male median age 38.9
Female median age 48.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 64 — Moderate
29.9%
Good air days/yr
709
Max AQI recorded
44
PM2.5 days
155
Ozone days

Frequently Asked Questions

What is the cost of living in Eloy, AZ?

Eloy has a cost index of 76 (100 = national average). It is 24% below the national average.

What is average rent in Eloy, AZ?

The median gross rent in Eloy is $938 per month based on 2023 Census data.

What is the average home price in Eloy?

The median home value in Eloy is $243,600 according to Zillow and Census data.

What is the median income in Eloy?

The median household income in Eloy is $54,080 per year (2023 ACS 5-year estimates).

What is the sales tax in Eloy, AZ?

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

Is Eloy, AZ affordable?

Yes, Eloy is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.