Verde, AZ

Average · 91

Arizona · Population 12,662 · Updated March 2026

$1,154
Median Rent / Month
$71,352
Median Income
$329,300
Median Home Value
$1,223
Owner Costs / Month

Affordability

How far your income goes in Verde

19.4%
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

$13,848
Annual Rent
$1,784
State Income Tax
$2,042
Property Tax (est.)

Cost of Living Overview

Verde offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Verde residents can expect to pay median rent of $1,154/month while earning a median household income of $71,352/year.

The median home value in Verde, AZ is $329,300, with typical monthly owner costs around $1,223 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.4% 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 Verde.

Frequently Asked Questions

Common questions about living costs in Verde

What is the cost of living in Verde, AZ?
The cost of living index in Verde, AZ is 91 (US average = 100). Median monthly rent is $1,154, median household income is $71,352/year, and the median home value is $329,300.
Is Verde, AZ affordable?
Yes, Verde is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 19.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Verde, AZ?
The median gross rent in Verde, AZ is $1,154 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,848.
What is the median household income in Verde?
The median household income in Verde, AZ is $71,352 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%.