Cost of Living in Oracle, AZ

With a cost of living index of 77, Oracle, AZ is a very affordable place to live. Living here is 23% cheaper than the national average and 12% below the Arizona state average of 89. Oracle is a small community of 3,154 residents.

Housing costs are the biggest factor in Oracle's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $209,000 (31% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Oracle is $66,729, which is 11% lower than the national median of $75,149. Residents spend roughly 14% 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 Oracle. The area sees an average annual temperature of 69.8°F, with summers averaging 86°F and winters around 54°F. Annual rainfall totals 11.1 inches spread over roughly 66 days. Hot summers are common, which can affect utility costs and lifestyle.

Everyday prices in the Phoenix-Mesa-Chandler, 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.