Cost of Living in Anthem, AZ

With a cost of living index of 147, Anthem, AZ is one of the most expensive cities in the United States. Living here is 47% more expensive than the national average and 58% above the Arizona state average of 89. Anthem is a smaller community of 22,622 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Anthem's cost of living. The median monthly rent is $2,258 (71% above the US median of $1,319), and the median home value sits at $516,200 (69% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Anthem is $117,846, which is 57% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Anthem. The area sees an average annual temperature of 72.5°F, with summers averaging 90°F and winters around 55°F. Annual rainfall totals 8.9 inches spread over roughly 35 days. Hot summers are common, which can affect utility costs and lifestyle.

Everyday prices in the Phoenix-Mesa-Chandler, AZ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.