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Cost of Living in Gilbert, AZ

Population 280,262 · Census ACS 2020–2024 5-year estimates

Median rent$2,110
Median home value$575,100
Median household income$122,551

The median rent in Gilbert, AZ is $2,110/month, 37% higher than the Arizona median and 49% higher than the U.S. median. The median home value is $575,100, 73% higher than the national median. Households earn a median of $122,551 a year, 53% higher than the state median.

Affordability

Rent as a share of median income: 20.7%
Income needed for median rent (30% rule): $84,400/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,908/mo

Run your own numbers: mortgage calculator · hourly to salary

Gilbert vs. Arizona vs. U.S.

GilbertArizonaU.S.
Median rent$2,110$1,543$1,413
Median home value$575,100$394,500$332,700
Median household income$122,551$79,964$80,734
Homeownership rate73.1%67.4%65.2%
Bachelor's degree or higher48.2%33.3%35.7%
Poverty rate5.3%12.5%12.5%
Unemployment rate3.5%5.1%5.2%
Work from home26.1%18.4%15.1%
Median age36.139.038.9

FAQ

What is the average rent in Gilbert, AZ?

The median gross rent in Gilbert, AZ is $2,110 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Gilbert, AZ?

Using the common 30% rule, renting a median-priced home takes about $84,400 a year in gross income.

Is Gilbert, AZ expensive to live in?

Rent there is 49% higher than the U.S. median, and the median home costs about 4.7 times the median household income.

Other cities in Arizona

Phoenix, AZRent $1,582 · Income $81,332Tucson, AZRent $1,145 · Income $57,073Mesa, AZRent $1,620 · Income $82,752Chandler, AZRent $1,902 · Income $108,095Glendale, AZRent $1,528 · Income $73,530Scottsdale, AZRent $2,013 · Income $110,886

Cities with a similar cost of living

Cibolo, TXRent $2,112 · Income $122,365Somerset, NJRent $2,121 · Income $121,028Broomfield, CORent $2,126 · Income $123,874Sterling, VARent $2,138 · Income $123,303Lincolnia, VARent $2,141 · Income $121,639Freeport, NYRent $2,077 · Income $120,625

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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