Cost of Living in Greasewood, AZ

With a cost of living index of 64, Greasewood, AZ is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 25% below the Arizona state average of 89. Greasewood is a small community of 313 residents.

Housing costs are the biggest factor in Greasewood's cost of living. The median monthly rent is $583 (56% below the US median of $1,319), and the median home value sits at $156,300 (49% below the national median of $304,900). At current prices, the median home costs roughly 6.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Greasewood is $23,125, which is 69% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Greasewood. The area sees an average annual temperature of 49.2°F, with summers averaging 68°F and winters around 31°F. Annual rainfall totals 11.4 inches spread over roughly 76 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.