Cost of Living in Morenci, AZ

With a cost of living index of 75, Morenci, AZ is a very affordable place to live. Living here is 25% cheaper than the national average and 14% below the Arizona state average of 89. Morenci is a small community of 1,514 residents.

The median household income in Morenci is $79,800, which is 6% higher than the national median of $75,149. Residents spend roughly 8% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Morenci. The area sees an average annual temperature of 66.4°F, with summers averaging 85°F and winters around 48°F. Annual rainfall totals 8 inches spread over roughly 48 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.