Eloy, AZ

Very Low · 67

Arizona · Population 16,671 · Updated March 2026

$938
Median Rent / Month
$54,080
Median Income
$243,600
Median Home Value
$790
Owner Costs / Month

Affordability

How far your income goes in Eloy

20.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Arizona

State-level tax rates that affect your costs

2.5%
Income Tax (Top Rate)
5.6%
Sales Tax
0.62%
Property Tax Rate

Estimated Annual Costs

$11,256
Annual Rent
$1,352
State Income Tax
$1,510
Property Tax (est.)

Cost of Living Overview

Eloy is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), Eloy residents can expect to pay median rent of $938/month while earning a median household income of $54,080/year.

The median home value in Eloy, AZ is $243,600, with typical monthly owner costs around $790 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Arizona has a moderate income tax rate of 2.5%. Combined with a 5.6% sales tax rate and 0.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Eloy.

Frequently Asked Questions

Common questions about living costs in Eloy

What is the cost of living in Eloy, AZ?
The cost of living index in Eloy, AZ is 67 (US average = 100). Median monthly rent is $938, median household income is $54,080/year, and the median home value is $243,600.
Is Eloy, AZ affordable?
Yes, Eloy is more affordable than the national average with a cost index of 67. The rent-to-income ratio is 20.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Eloy, AZ?
The median gross rent in Eloy, AZ is $938 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,256.
What is the median household income in Eloy?
The median household income in Eloy, AZ is $54,080 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Arizona?
Arizona has a top income tax rate of 2.5%, a sales tax of 5.6%, and an effective property tax rate of 0.62%.