Cost of Living in Globe, AZ

Population 7,230 · Arizona · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Globe can reasonably expect a home to cost less than three years of household income — $215,000 against $66,545 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 1.7% — below most comparable cities in the state.

Geographically, Globe is about 50 miles east of San Tan Valley, the nearest large metro. Median home values run roughly 41% lower than San Tan Valley's $366,000.

Cost Overview

Housing 70
Rent 69

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

About the Cost of Living in Globe

The median home value in Globe is $214,800 — 30% below the national median of $305,000. Median rent runs $909/month, 31% lower than the national median of $1,314/month. The median household income of $66,545/year is 11% lower than the US median of $74,580. The local unemployment rate is 1.7%, below 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, Globe has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$214,800
30% below avg
Zillow Home Value
$232,978
Zillow ZHVI
Median Rent
$909/mo
31% below avg
Price-to-Rent Ratio
19.7x
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 71.4%
Renter-occupied 28.6%

💰 Estimated Monthly Budget

Rent median rent
$909
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,523/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
22.6 min
16% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.4%

Commute Mode

Drove alone
78.8%
Carpooled
11.7%
Public transit
0.4%
Walked
1.2%
Bicycle
0.9%
Work from home
6.4%

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
$66,545
11% below avg
Per Capita Income
$32,362
Unemployment Rate
1.7%
64% below avg
Poverty Rate
18.3%
Labor Force Participation
52.9%

🎓 Education

Bachelor's degree+ 12.2%
Graduate degree 6.2%

👥 Demographics

Median Age 46.4
Male median age 43.4
Female median age 48.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
63.6%
Good air days/yr
154
Max AQI recorded
2
PM2.5 days
347
Ozone days

Frequently Asked Questions

What is the cost of living in Globe, AZ?

Globe has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Globe, AZ?

The median gross rent in Globe is $909 per month based on 2023 Census data.

What is the average home price in Globe?

The median home value in Globe is $214,800 according to Zillow and Census data.

What is the median income in Globe?

The median household income in Globe is $66,545 per year (2023 ACS 5-year estimates).

What is the sales tax in Globe, AZ?

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

Is Globe, AZ affordable?

Yes, Globe is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.