New River, AZ

Very High · 154

Arizona · Population 18,365 · Updated March 2026

$1,837
Median Rent / Month
$120,279
Median Income
$603,700
Median Home Value
$1,996
Owner Costs / Month

Affordability

How far your income goes in New River

18.3%
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

$22,044
Annual Rent
$3,007
State Income Tax
$3,743
Property Tax (est.)

Cost of Living Overview

New River has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 154 (where 100 equals the national median), New River residents can expect to pay median rent of $1,837/month while earning a median household income of $120,279/year.

The median home value in New River, AZ is $603,700, with typical monthly owner costs around $1,996 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% 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 New River.

Frequently Asked Questions

Common questions about living costs in New River

What is the cost of living in New River, AZ?
The cost of living index in New River, AZ is 154 (US average = 100). Median monthly rent is $1,837, median household income is $120,279/year, and the median home value is $603,700.
Is New River, AZ affordable?
No, New River is more expensive than the national average with a cost index of 154. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New River, AZ?
The median gross rent in New River, AZ is $1,837 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,044.
What is the median household income in New River?
The median household income in New River, AZ is $120,279 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%.