Kan Dail
The city of Chandler in Maricopa County, Arizona, has a total population of 248,631, and it is the county seat of that county. A solitary adult in Chandler will spend $37,592 yearly on all of their needs, which include a place to live, food, child care, transportation, medical care, taxes, and other necessities. These costs do not include tax payments.
This is roughly in line with the national average cost of living in Chandler, which is $38,433, which is higher than the yearly cost of living in Arizona, which is $37,091; nonetheless, it is roughly in line with the national average.
24/7 Wall St. analyzed the cost of living in Chandler, in addition to more than 29,000 other cities and towns around the United States, using data on the cost of living gathered from the research firm Economic Policy Institute, which is a non-profit organization.
When everything is taken into account, Chandler, Arizona, is a wonderful location in which to live, work, play, and raise a family.
Everything from the climate and schools to the nightlife and diversity to the job market and outdoor activities is at its best. Everything else, including housing, is within the budget range!
Housing Costs
The cost of housing is a significant component of the entire cost of living in Chandler. Chandler’s typical home value is $285,000.
This is more than the $204.900 median value of a home in the United States. In comparison, the median value of a home built in 2014 or later is $441,600, while the normal value of a home built in 1939 or earlier is $189,400.
If purchasing a home is out of your price range, renting may be a viable choice. Living in Chandler means that approximately 37.10% of all residences are rented, which is equal to the national average of 36.2 percent. Rent in Chandler averages $1,246, which is equal to the national average of $1,023 paid by renters.
Along with the price of the home, the regional median household income is an important factor in determining housing affordability.
Despite the fact that the typical home price in the United States is $307,100 (3.4 times the median household income of $60,293), the home price to income ratio ranges greatly from around 1.0 in the least expensive locations to more than 10.0 in the most expensive.
The median income in Chandler is $80,716 per year, or 3.5 times the median house value.
Transportation Costs
The cost of living in Chandler associated with local transportation can pile up quickly. The percentage of Chandler residents who travel alone to work is higher than the national average (85.5%).
Compared to the national average, a larger proportion of workers in Chandler (43.7% vs. 63.90%) commute from other cities to their workplaces. The average commute in Chandler takes only 24.1 minutes, compared to the national average of 26.6 minutes.
According to the Energy Information Administration (EIA), a single person in Chandler spends $9,391 per year on transportation-related expenses such as gas, public transit, and vehicle maintenance. This is comparable to the national average of $9,760.
Costs of Healthcare
Medical treatment and insurance premium prices in Chandler are much higher than the national average but are on par with the rest of Arizona. This is assuming at least the most basic level of health insurance coverage.
A year’s worth of health insurance in Arizona will set you back $5,983, which is nearly double the national average of $4,266. In this area, a year’s worth of health care for a single adult costs around $6,133.
Child Care Costs
Care for one or more children can significantly increase a family’s annual expenditures, and this is especially true for households with multiple young children.
Two children, one aged 4 and the other aged 8, would require an average of $16,888 in child care expenses per year in Chandler.
About $600 more than the statewide average for child care in Arizona ($16,276). Based on statistics from all 50 states, the average annual cost of childcare for two children is $15,853.
Food Costs
The cost of food is another ongoing expense that can have a major impact on one’s standard cost of living in Chandler, Arizona. Food prices in different cities and towns may vary widely, as seen by data from the United States Department of Agriculture.
The typical annual food budget for a single adult in Chandler is $3,122, while the same budget for a family of four is $9,016.
As a comparison, the average annual food prices for a single adult in Arizona and the United States are $3,083 and $3,240, while the costs for a family of four are $8,903 and $9,354. These estimates are based on a diet that is high in nutrients.
This can be done by shopping at the grocery store regularly and making simple meals at home. Or you may go eating in a restaurant there, and if you are considering moving to Chandler you should contact restaurants that cater in Chandler AZ.
Taxes
Tax rates are one of the few charges that can vary so drastically from one state to the next. To put it another way, the average annual salary of a working adult in Chandler, Arizona is $6,191, which is very close to the average salary of working adults across the state, which is $6,084.
This is after accounting for state and federal income taxes, as well as contributions to Social Security and Medicare payroll taxes.
It is crucial to remember that these figures do not include other often applied taxes like property, sales, or excise taxes.
Without factoring in federal taxes, the state in which Chandler is located has a relatively low average tax burden, making life more affordable for its residents. At $2,272 per year, Arizona residents pay less in state taxes than the national average of $3,151.
Cost of Living in Chandler- Final Thoughts
When you live in Chandler, Az, you are surrounded by young families, there are wonderful employers and schools, and there are lots of exciting things to do. This makes life much simpler. You can choose from a number of renowned local institutions.
The job markets in Chandler and Phoenix are vast, so you will have many alternatives. Make the most of one of the city’s greatest regions for raising a family.
Chandler is an ideal location for beginning a family. One can feel safe throughout the day in their home. There are numerous great eateries and fun things to do.