Cost of Living in Lake Montezuma, AZ
Population 4,615 · Arizona · Data vintage 2023
(100 = US avg)
Lake Montezuma skews considerably older than the national median, with an average age of 64. Reported household income of $54,081 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.
Geographically, Lake Montezuma is about 65 miles northeast of Peoria, the nearest large metro. Median home values run roughly 32% lower than Peoria's $429,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Montezuma
The median home value in Lake Montezuma is $291,900 — 4% below the national median of $305,000. Median rent runs $1,475/month, 12% higher than the national median of $1,314/month. The median household income of $54,081/year is 27% lower than the US median of $74,580. The local unemployment rate is 2.5%, 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, Lake Montezuma has a cost of living index of 102 versus the US average of 100, meaning it is 2% more expensive.
Lake Montezuma has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Montezuma, AZ?
Lake Montezuma has a cost index of 102 (100 = national average). It is 2% above the national average.
What is average rent in Lake Montezuma, AZ?
The median gross rent in Lake Montezuma is $1,475 per month based on 2023 Census data.
What is the average home price in Lake Montezuma?
The median home value in Lake Montezuma is $291,900 according to 2023 Census ACS data.
What is the median income in Lake Montezuma?
The median household income in Lake Montezuma is $54,081 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Montezuma, AZ?
The combined state and local sales tax rate in Lake Montezuma is 8.4%. The Arizona state income tax top rate is 2.5%.
Is Lake Montezuma, AZ affordable?
Lake Montezuma is near the national average in terms of cost of living, with an index of 102 (100 = US average).
Lake Montezuma at a Glance
- Population
- 4,615
- Median Income
- $54,081
- Home Value
- $291,900
- Median Rent
- $1,475/mo
- Unemployment
- 2.5%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Arizona Rankings
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