Tanque Verde, AZ

Very High · 151

Arizona · Population 15,531 · Updated March 2026

$2,145
Median Rent / Month
$119,212
Median Income
$573,000
Median Home Value
$1,497
Owner Costs / Month

Affordability

How far your income goes in Tanque Verde

21.6%
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

$25,740
Annual Rent
$2,980
State Income Tax
$3,553
Property Tax (est.)

Cost of Living Overview

Tanque Verde has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 151 (where 100 equals the national median), Tanque Verde residents can expect to pay median rent of $2,145/month while earning a median household income of $119,212/year.

The median home value in Tanque Verde, AZ is $573,000, with typical monthly owner costs around $1,497 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Tanque Verde.

Frequently Asked Questions

Common questions about living costs in Tanque Verde

What is the cost of living in Tanque Verde, AZ?
The cost of living index in Tanque Verde, AZ is 151 (US average = 100). Median monthly rent is $2,145, median household income is $119,212/year, and the median home value is $573,000.
Is Tanque Verde, AZ affordable?
No, Tanque Verde is more expensive than the national average with a cost index of 151. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Tanque Verde, AZ?
The median gross rent in Tanque Verde, AZ is $2,145 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,740.
What is the median household income in Tanque Verde?
The median household income in Tanque Verde, AZ is $119,212 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%.