Phoenix is the capital and largest city of the U.S. state of Arizona, as well as the fifth most populated city in the United States.
Phoenix was primarily agricultural, dependent mainly on cotton and citrus farming. In the last two decades, the economy has diversified. Arizona State University has enhanced the area’s population through education and its growing research capabilities. Numerous high-tech and telecommunications companies have also recently relocated to the area.
Phoenix has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.