Cost of Living in Tempe, AZ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
135.5
100 = national avg
+35.5 vs national average
Living Wage (1 Adult)
$59,599
per year
Living Wage (Family of 4)
$140,871
per year
Cost Index by Category
Housing183.4
Food109.3
Transportation94.0
Healthcare107.5
Utilities122.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,583
per month
2 Bedroom
$1,839
per month
The overall cost of living index in Tempe is 135.5, which is 35.5% above the national average. Housing costs are above the national average at an index of 183.4. A single adult needs to earn approximately $59,599 per year to cover basic expenses.