Cost of Living in Thatcher, AZ

Population 5,354 · Arizona · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Thatcher is a smaller Arizona community of around 5000 residents, where median household incomes of $77,455 and housing costs ($274,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Thatcher lies roughly 80 miles northeast of the nearest major metro, Tucson — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% higher than Tucson's $242,000.

Cost Overview

Housing 90
Rent 74

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

About the Cost of Living in Thatcher

The median home value in Thatcher is $274,400 — 10% below the national median of $305,000. Median rent runs $967/month, 26% lower than the national median of $1,314/month. The median household income of $77,455/year is 4% higher than the US median of $74,580. The local unemployment rate is 5.3%, 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, Thatcher has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$274,400
10% below avg
Zillow Home Value
$286,684
Zillow ZHVI
Median Rent
$967/mo
26% below avg
Price-to-Rent Ratio
23.6x
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 71.0%
Renter-occupied 29.1%

💰 Estimated Monthly Budget

Rent median rent
$967
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,581/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
23.2 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.8%

Commute Mode

Drove alone
73.6%
Carpooled
18.0%
Public transit
0.4%
Walked
3.9%
Work from home
3.8%

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
$77,455
4% above avg
Per Capita Income
$31,348
Unemployment Rate
5.3%
9% above avg
Poverty Rate
12.3%
Labor Force Participation
59.3%

🎓 Education

Bachelor's degree+ 11.4%
Graduate degree 9.7%

👥 Demographics

Median Age 29.6
Male median age 27.4
Female median age 36.3

Frequently Asked Questions

What is the cost of living in Thatcher, AZ?

Thatcher has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Thatcher, AZ?

The median gross rent in Thatcher is $967 per month based on 2023 Census data.

What is the average home price in Thatcher?

The median home value in Thatcher is $274,400 according to Zillow and Census data.

What is the median income in Thatcher?

The median household income in Thatcher is $77,455 per year (2023 ACS 5-year estimates).

What is the sales tax in Thatcher, AZ?

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

Is Thatcher, AZ affordable?

Yes, Thatcher is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

Thatcher at a Glance

Population
5,354
Median Income
$77,455
Home Value
$274,400
Median Rent
$967/mo
Unemployment
5.3%
Sales Tax
8.4%
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