Cost of Living in Verde Village, AZ

Population 12,662 · Arizona · Data vintage 2023

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

Verde Village sits on the smaller end of the Arizona city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Verde Village is about 65 miles north of Peoria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than Peoria's $429,000.

Cost Overview

Housing 108
Rent 88

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

About the Cost of Living in Verde Village

The median home value in Verde Village is $329,300 — 8% above the national median of $305,000. Median rent runs $1,154/month, 12% lower than the national median of $1,314/month. The median household income of $71,352/year is 4% lower than the US median of $74,580. The local unemployment rate is 5.4%, 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, Verde Village has a cost of living index of 100 versus the US average of 100, meaning it is on par with the national average.

🏠 Housing

Median Home Value
$329,300
8% above avg
Median Rent
$1,154/mo
12% below avg
Price-to-Rent Ratio
23.8x
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 80.0%
Renter-occupied 20.0%

💰 Estimated Monthly Budget

Rent median rent
$1,154
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,768/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
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.5%

Commute Mode

Drove alone
79.3%
Carpooled
9.0%
Walked
0.9%
Work from home
7.5%

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
$71,352
4% below avg
Per Capita Income
$34,247
Unemployment Rate
5.4%
13% above avg
Poverty Rate
10.4%
Labor Force Participation
62.2%

🎓 Education

Bachelor's degree+ 11.0%
Graduate degree 11.9%

👥 Demographics

Median Age 44.4
Male median age 35.7
Female median age 50.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
81.9%
Good air days/yr
87
Max AQI recorded
7
PM2.5 days
357
Ozone days

Frequently Asked Questions

What is the cost of living in Verde Village, AZ?

Verde Village has a cost index of 100 (100 = national average). It is near the national average.

What is average rent in Verde Village, AZ?

The median gross rent in Verde Village is $1,154 per month based on 2023 Census data.

What is the average home price in Verde Village?

The median home value in Verde Village is $329,300 according to 2023 Census ACS data.

What is the median income in Verde Village?

The median household income in Verde Village is $71,352 per year (2023 ACS 5-year estimates).

What is the sales tax in Verde Village, AZ?

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

Is Verde Village, AZ affordable?

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

Verde Village at a Glance

Population
12,662
Median Income
$71,352
Home Value
$329,300
Median Rent
$1,154/mo
Unemployment
5.4%
Sales Tax
8.4%
View all cities in Arizona →
🗺️ County data for Arizona

Explore county-level cost of living data

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