Lake of the Woods, AZ vs Peridot, AZ

The cost of living difference between Lake of the Woods, AZ and Peridot, AZ is dramatic. Peridot is 30.4% cheaper than Lake of the Woods, a gap that translates to thousands of dollars per year in household expenses. Lake of the Woods has a cost index of 74 while Peridot sits at 57, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Lake of the Woods is $780/month compared to $612/month in Peridot — a 28% difference. Home values follow the same pattern: Peridot is more affordable at $59,700 median vs $208,800.

Median household income in Lake of the Woods is $55,531 compared to $44,083 in Peridot (+26%). The higher salaries in Lake of the Woods partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lake of the Woods spend roughly 16.9% of their income on rent, more than the 16.7% in Peridot.