Cost of Living in Patagonia, AZ

With a cost of living index of 86, Patagonia, AZ is a very affordable place to live. Living here is 14% cheaper than the national average and 3% below the Arizona state average of 89. Patagonia is a small community of 882 residents.

Housing costs are the biggest factor in Patagonia's cost of living. The median monthly rent is $827 (37% below the US median of $1,319), and the median home value sits at $332,700 (9% above the national median of $304,900). At current prices, the median home costs roughly 11.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Patagonia is $29,844, which is 60% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.