Cost of Living in St. Michaels, AZ

With a cost of living index of 75, St. Michaels, AZ is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 14% below the Arizona state average of 89. St. Michaels is a small community of 888 residents.

Housing costs are the biggest factor in St. Michaels's cost of living. The median monthly rent is $855 (35% below the US median of $1,319), and the median home value sits at $185,200 (39% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in St. Michaels is $58,194, which is 23% lower than the national median of $75,149. Residents spend roughly 18% 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.

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.