Cost of Living in Katherine, AZ

With a cost of living index of 84, Katherine, AZ is a very affordable place to live. Living here is 16% cheaper than the national average and 5% below the Arizona state average of 89. Katherine is a small community of 191 residents.

The median household income in Katherine is $67,639, which is 10% lower than the national median of $75,149. Residents spend roughly 16% 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 Katherine. The area sees an average annual temperature of 76.2°F, with summers averaging 96°F and winters around 57°F. Annual rainfall totals 4.3 inches spread over roughly 23 days. Hot summers are common, which can affect utility costs and lifestyle.

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.