New River, AZ vs Sedona, AZ

Sedona is moderately more affordable than New River, with a 5.4% lower cost of living index. New River scores 142 compared to 135 for Sedona, where the US average is 100. This difference means residents of New River can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New River is $1,837/month compared to $1,421/month in Sedona — a 29% difference. Interestingly, home values tell a different story: while Sedona has cheaper rent, New River actually has lower median home values ($603,700 vs $708,400).

Median household income in New River is $120,279 compared to $67,374 in Sedona (+78.5%). While New River is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New River spend roughly 18.3% of their income on rent, less than the 25.3% in Sedona.