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Cost of Living in Goodyear, AZ

Population 107,645 · Census ACS 2020–2024 5-year estimates

Median rent$1,956
Median home value$471,300
Median household income$103,319

The median rent in Goodyear, AZ is $1,956/month, 27% higher than the Arizona median and 38% higher than the U.S. median. The median home value is $471,300, 42% higher than the national median. Households earn a median of $103,319 a year, 29% higher than the state median.

Affordability

Rent as a share of median income: 22.7%
Income needed for median rent (30% rule): $78,240/yr
Home price-to-income ratio: 4.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,383/mo

Run your own numbers: mortgage calculator · hourly to salary

Goodyear vs. Arizona vs. U.S.

GoodyearArizonaU.S.
Median rent$1,956$1,543$1,413
Median home value$471,300$394,500$332,700
Median household income$103,319$79,964$80,734
Homeownership rate77.7%67.4%65.2%
Bachelor's degree or higher35.5%33.3%35.7%
Poverty rate5.2%12.5%12.5%
Unemployment rate4.2%5.1%5.2%
Work from home21.6%18.4%15.1%
Median age42.139.038.9

FAQ

What is the average rent in Goodyear, AZ?

The median gross rent in Goodyear, AZ is $1,956 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $78,240 a year in gross income.

Is Goodyear, AZ expensive to live in?

Rent there is 38% higher than the U.S. median, and the median home costs about 4.6 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 $82,752Gilbert, AZRent $2,110 · Income $122,551Chandler, AZRent $1,902 · Income $108,095Glendale, AZRent $1,528 · Income $73,530

Cities with a similar cost of living

Weymouth Town, MARent $1,941 · Income $102,714Englewood, NJRent $1,977 · Income $102,571Montgomery, ILRent $1,984 · Income $103,734Navarre, FLRent $1,966 · Income $105,265Valrico, FLRent $1,937 · Income $104,839Wildomar, CARent $2,003 · Income $103,506

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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