Cost of Living in New River, AZ
Population 18,365 · Arizona · Data vintage 2023
(100 = US avg)
Home prices in New River run well above the national baseline, with a median of $604,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $120,279 place the city among the better-paid Arizona metros. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Located 14 miles northeast of Peoria, New River falls within that metro's commuting orbit. Median home values run roughly 41% higher than Peoria's $429,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in New River
The median home value in New River is $603,700 — 98% above the national median of $305,000. Median rent runs $1,837/month, 40% higher than the national median of $1,314/month. The median household income of $120,279/year is 61% higher than the US median of $74,580. The local unemployment rate is 2.9%, 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, New River has a cost of living index of 175 versus the US average of 100, meaning it is 75% more expensive.
🏠 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 New River, AZ?
New River has a cost index of 175 (100 = national average). It is 75% above the national average.
What is average rent in New River, AZ?
The median gross rent in New River is $1,837 per month based on 2023 Census data.
What is the average home price in New River?
The median home value in New River is $603,700 according to Zillow and Census data.
What is the median income in New River?
The median household income in New River is $120,279 per year (2023 ACS 5-year estimates).
What is the sales tax in New River, AZ?
The combined state and local sales tax rate in New River is 8.4%. The Arizona state income tax top rate is 2.5%.
Is New River, AZ affordable?
New River is above average in cost of living, with an index of 175 — about 75% higher than the national average.
New River at a Glance
- Population
- 18,365
- Median Income
- $120,279
- Home Value
- $603,700
- Median Rent
- $1,837/mo
- Unemployment
- 2.9%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Arizona Rankings
Similar Cost Cities
Cities in other states with comparable housing costs