Phoenix, AZ vs Tempe, AZ: 109 vs 120

$1,458/mo ↓ 10%

Median Rent

$1,623/mo ↑ 11%

$77,041/yr ≈ Same

Median Income

$77,643/yr ≈ Same

$381,900 ↓ 9%

Home Value

$421,900 ↑ 10%

$1,430/mo ↓ 8%

Owner Costs

$1,554/mo ↑ 9%

1,624,832

Population

186,419

Detailed Comparison

When comparing Phoenix, AZ and Tempe, AZ, the overall cost of living indices are 109 and 120 respectively (national median = 100). Rent is $165/month cheaper in Phoenix, saving renters about $1,980/year.

Median household income is $602/year higher in Tempe. Home values also differ significantly — the median in Phoenix is $381,900 compared to $421,900 in Tempe.

Both cities share the same state tax structure since they are in Arizona.

Frequently Asked Questions

Phoenix vs Tempe — common questions

Is Phoenix or Tempe cheaper to live in?

Based on our cost index, Phoenix is cheaper to live in with an index of 109 compared to 120 (US average = 100).

What is the rent difference between Phoenix and Tempe?

Median rent in Phoenix is $1,458/month and in Tempe it's $1,623/month — a difference of $165/month.

Which city has higher income, Phoenix or Tempe?

Median household income is $77,041 in Phoenix and $77,643 in Tempe. Median household income is $602/year higher in Tempe.

How do taxes compare between Arizona and Arizona?

Both cities are in Arizona and share the same state tax rates: 2.5% income tax, 5.6% sales tax, and 0.62% property tax.

Should I move to Phoenix or Tempe?

It depends on your priorities. Phoenix has a cost index of 109 with median rent of $1,458/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Phoenix, AZ vs Tempe, AZ (2026)

Phoenix

Tempe

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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