Cost of Living in Tempe, AZ
Population: 186,419 • 2026 Data
$77,643
Median Household Income
+0% vs national
$1,623
Median Monthly Rent
+20% vs national
$421,900
Median Home Value
+24% vs national
5.6%
Unemployment Rate
Housing in Tempe
The median home value in Tempe, AZ is $421,900. Monthly rent for a typical unit averages $1,623, while total monthly housing costs (including utilities and insurance) average $1,554.
Rent-to-income ratio: 25.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Tempe, AZ is $77,643. The unemployment rate stands at 5.6%, with a labor force of 115,877 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.