Cost of Living in Springerville, AZ

With a cost of living index of 85, Springerville, AZ is a very affordable place to live. Living here is 15% cheaper than the national average and 4% below the Arizona state average of 89. Springerville is a small community of 1,847 residents.

Housing costs are the biggest factor in Springerville's cost of living. The median monthly rent is $1,199 (9% below the US median of $1,319), and the median home value sits at $184,100 (40% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Springerville is $49,886, which is 34% lower than the national median of $75,149. Residents spend roughly 29% 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.

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.