Cost of Living in Beaver Dam, AZ

With a cost of living index of 81, Beaver Dam, AZ is a very affordable place to live. Living here is 19% cheaper than the national average and 8% below the Arizona state average of 89. Beaver Dam is a small community of 1,590 residents.

The median household income in Beaver Dam is $47,256, which is 37% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Beaver Dam. The area sees an average annual temperature of 50.3°F, with summers averaging 71°F and winters around 31°F. Annual rainfall totals 11 inches spread over roughly 69 days.

Everyday prices in the Lake Havasu City-Kingman, 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.