Moving to Tempe, AZ has an active yet comfortable atmosphere that makes it a wonderful place to call home, a beach town transformed into a thriving metropolis that’s just a short drive from Phoenix. Great food, a selection of outdoor activities, friendly communities, and an exciting arts scene are all to be found. Tempe is a fast-growing city with vigorous cities, ranked 18th on Livability’s ‘Top 100 Places to Live in the United States,’
Downtown Tempe has a broad range of activities to suit whatever your desires might be, situated 20 minutes east of the Phoenix Sky Harbor International Airport (PHX). Admire the cafes and restaurants surrounding the campus of Arizona State University (ASU), rent a kayak on Tempe Town Lake, ride a bike in Papago Park, visit the ASU Art Museum, and see a display at ASU Gammage, a historic theatre of performing arts designed by Frank Lloyd Wright, a renowned architect.
Winter is nice
Nearby international airport
Rich Culinary and fine arts options
Intense summer heat
Rising House Price
Moderately high to high property crime
The cost of living in Tempe, AZ is slightly above the average cost of living in Arizona and the nation, according to bestplaces.net. You should expect to pay a little less for groceries, but more relative to state and national averages for lodging, transportation, and healthcare.
A household of four of two adults and two children can spend around $7,587 a month to cover the cost of rent, food, child care, travel, health care, taxes, and other necessities. With an aggregate cost of living at $91,045 per year, this amount would need to be received by an average family of this size of two working parents to cover annual spending in Tempe.
Sales tax: The sales tax rate for Arizona is 5.6 percent. With the Maricopa County sales tax rate of 0.7 percent and the Tempe sales tax rate of 1.8 percent, you can pay a total sales tax rate of 8.1 percent in Tempe.
Property Tax: Compared to the overall rate of .84 percent across Arizona, residents of Tempe pay an average tax rate of .80 percent (Maricopa County). Residents pay nearly $2,335 in property tax per year on the basis of the median home value in Tempe of $291,100. Because of special tax districts across Maricopa County, real tax rates will vary.
Income Tax: Taxpayers pay below-average rates of income tax in Arizona. Arizona collects income tax in five brackets, from rates of 2.59% to 4.54%, like the federal income tax.
If you’re looking to purchase a home in Tempe, due to recent rises in Tempe home values, expect higher house prices. In the past year, the median home value has risen by 6.0 percent and is $290,000 as of December 2018.
If you intend to rent an apartment, Tempe’s median rent is $1,305 per month, a rise of 4 percent compared to 2018, with an average size of 923 square feet. Shalimar, Tempe Gardens, and Wood Park are the most accessible neighborhoods, while Sandahl, Warner Ranch, and Rio are the most expensive. Given these metrics, be sure to see at the bottom of this page our community suggestions.
Tempe has a growing job market; the rate of unemployment is 3.8% lower than the national average, and the city has seen a 3.3% rise in the job market over the past year. Future employment growth estimates over the next decade estimate that the Tempe job market will increase by approximately 45%. Median household revenue is $48,183 a year, and $29,064 is the total individual income.
Healthcare, biotechnology, technology, advanced manufacturing, solar companies, business services, and tourism are major industries in the Tempe region.
A number of excellent Tempe employers have achieved the Tempe Equal Pay Company Award. Landings Credit Union, GoDaddy, Architekton Inc., Mulligan’s Manor, and Mountain Park Health Center are among those businesses.
The largest Employers are the following:
Arizona State University
State Farm Insurance
Salt River Project
So, Whether you’re moving from coast to coast, between cities, or across town, moving a home or office is a huge undertaking. At Wow Mover, we’ll connect you to licensed and insured movers to ensure you have the best move possible at an affordable rate. Get your free quote today.
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