Cost of Living in Canyon Day, AZ

With a cost of living index of 61, Canyon Day, AZ is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 28% below the Arizona state average of 89. Canyon Day is a small community of 1,426 residents.

Housing costs are the biggest factor in Canyon Day's cost of living. The median monthly rent is $691 (48% below the US median of $1,319), and the median home value sits at $85,000 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Canyon Day is $36,563, which is 51% lower 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. 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 Canyon Day. The area sees an average annual temperature of 54.1°F, with summers averaging 74°F and winters around 36°F. Annual rainfall totals 9.1 inches spread over roughly 61 days.

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.