Cost of Living in Mesa del Caballo, AZ

With a cost of living index of 95, Mesa del Caballo, AZ is slightly more affordable than average. Living here is 5% cheaper than the national average and 6% above the Arizona state average of 89. Mesa del Caballo is a small community of 1,188 residents.

Housing costs are the biggest factor in Mesa del Caballo's cost of living. The median monthly rent is $1,386 (5% above the US median of $1,319), and the median home value sits at $236,100 (23% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Mesa del Caballo is $55,833, which is 26% 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 Mesa del Caballo. The area sees an average annual temperature of 57°F, with summers averaging 74°F and winters around 41°F. Annual rainfall totals 19.8 inches spread over roughly 62 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.