Cost of Living in Payson, AZ

Population 16,494 · Arizona · Data vintage 2023

109
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Payson skews considerably older than the national median, with an average age of 59. Reported household income of $65,175 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. At 7.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Payson is about 50 miles northeast of Scottsdale, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 52% lower than Scottsdale's $710,000.

Cost Overview

Housing 113
Rent 103

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

About the Cost of Living in Payson

The median home value in Payson is $343,200 — 13% above the national median of $305,000. Median rent runs $1,355/month, 3% higher than the national median of $1,314/month. The median household income of $65,175/year is 13% lower than the US median of $74,580. The local unemployment rate is 7.8%, 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%. The climate averages highs of 73.8°F and lows of 40.2°F, with about 18.5" of annual snowfall. Overall, Payson has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.

🏠 Housing

Median Home Value
$343,200
13% above avg
Zillow Home Value
$440,161
Zillow ZHVI
Median Rent
$1,355/mo
3% above avg
Zillow Rent
$2,107/mo
Zillow ZORI
Price-to-Rent Ratio
21.1x
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 77.2%
Renter-occupied 22.9%

💰 Estimated Monthly Budget

Rent median rent
$1,355
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,969/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
19.6 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.1%

Commute Mode

Drove alone
71.5%
Carpooled
17.5%
Walked
0.4%
Work from home
10.1%

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
$65,175
13% below avg
Per Capita Income
$39,610
Unemployment Rate
7.8%
62% above avg
Poverty Rate
8.3%
Labor Force Participation
44.4%

🎓 Education

Bachelor's degree+ 16.8%
Graduate degree 9.7%

👥 Demographics

Median Age 58.9
Male median age 58.2
Female median age 60.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.8°F
Avg Low
40.2°F
Annual Precip
19.8"
Annual Snowfall
18.5"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 565965728090939186766455
Low °F 262832364351605952413126
Precip" 2.272.331.890.820.540.212.812.601.541.261.482.09
Snow" 4.74.92.02.00.00.00.00.00.00.01.33.6

💨 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 Payson, AZ?

Payson has a cost index of 109 (100 = national average). It is 9% above the national average.

What is average rent in Payson, AZ?

The median gross rent in Payson is $1,355 per month based on 2023 Census data.

What is the average home price in Payson?

The median home value in Payson is $343,200 according to Zillow and Census data.

What is the median income in Payson?

The median household income in Payson is $65,175 per year (2023 ACS 5-year estimates).

What is the sales tax in Payson, AZ?

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

Is Payson, AZ affordable?

Payson is near the national average in terms of cost of living, with an index of 109 (100 = US average).

What is the weather like in Payson?

Payson has average high temperatures of 73.8°F and average lows of 40.2°F. Annual precipitation is 19.8". Average annual snowfall is 18.5". Data from NOAA 1991–2020 Climate Normals.

Payson at a Glance

Population
16,494
Median Income
$65,175
Home Value
$343,200
Median Rent
$1,355/mo
Unemployment
7.8%
Avg High Temp
73.8°F
Sales Tax
8.4%
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