If you’re considering a move to Gilbert, Arizona, it’s essential to understand the financial landscape before relocating. Known for its family-friendly atmosphere, excellent schools, and strong community values, Gilbert also carries a cost of living above the national average. Below is a detailed breakdown of the key indexes and typical monthly expenses you can expect when living in Gilbert.
Gilbert, AZ Cost of Living Index
According to multiple sources, the Gilbert, AZ cost of living index ranges between 113 and 121, meaning it is approximately 13–21% higher than the U.S. average (indexed at 100). This elevated cost is largely driven by the housing market, which remains one of the highest contributors to overall expenses in the area.
Housing Costs in Gilbert, Arizona
When examining housing costs in Gilbert, the data clearly shows prices well above both state and national averages. The housing index stands around 141, indicating that housing expenses are roughly 41% higher than the national norm.
- Median Home Price: Between $560,600 and $704,613, depending on the data source
- Average Rent for a Two-Bedroom: Approximately $2,270 per month
- One-Bedroom Apartment in City Center: Around $1,929.50 per month
- Three-Bedroom Apartment in City Center: Roughly $2,850 per month
Because of these high housing costs, many newcomers rely on a best moving company to streamline the relocation process, particularly when purchasing a new home or securing a long-term rental in the area.
Other Cost Components
While housing dominates household expenses in Gilbert, several other factors also contribute to the city’s higher overall cost of living:
- Utilities: With a utility index around 105, residents typically spend between $180 and $214 per month, depending on energy use and the time of year.
- Groceries: The grocery index is about 97, slightly below the U.S. average. Everyday essentials like milk (~$4.79 per gallon) and eggs (~$2.79 per dozen) are moderately priced.
- Transportation: The transportation index is approximately 105, reflecting modestly higher costs for gas, insurance, and vehicle maintenance. Monthly transport expenses often average around $300.
- Healthcare: A bright spot in the budget, healthcare in Gilbert has an index of about 91, making it 9% below the national average. For a single adult, healthcare costs typically average around $250 per month.
Monthly Expenses in Gilbert, Arizona
To give a clearer picture of day-to-day costs, here’s a breakdown of estimated monthly expenses for a single resident living in Gilbert:
- Without Rent: Approximately $812 per month
- With Rent (average one-bedroom): Around $2,447 per month
Alternative Monthly Breakdown:
- Housing: ~$1,400
- Utilities: ~$180
- Groceries & Dining: ~$350
- Transportation: ~$300
- Healthcare: ~$250
- Miscellaneous: ~$250
These figures represent average living expenses, and actual costs may vary depending on individual circumstances and lifestyle preferences.
Key Context: What Drives Costs in Gilbert?
Gilbert’s rapid population growth and strong housing demand have been major drivers of its rising cost of living. New residential developments, high-quality schools, and expanding amenities have made the town highly desirable, but they’ve also contributed to increased home prices and rental rates.
While housing remains the most expensive category, not all costs are inflated. Groceries and healthcare continue to sit near or even slightly below national averages, offering some balance to household budgets.
Your monthly expenses in Gilbert, Arizona will ultimately depend on your lifestyle choices. Frequent dining out, luxury housing, or owning multiple vehicles can substantially increase your monthly budget. To manage costs effectively, consider neighborhood proximity to work, public transit options, and the type of amenities most important to your lifestyle.
Final Thoughts
Gilbert, Arizona, offers a high quality of life, exceptional schools, and a thriving community, but these advantages come with a higher price tag, particularly for housing.
If you’re planning to relocate, it’s crucial to evaluate your full financial picture ahead of time. By budgeting carefully and understanding typical cost patterns, you can make a well-informed decision that aligns with your financial goals and lifestyle preferences.
Frequently Asked Questions (FAQs)
Yes, Gilbert’s cost of living index ranges from 113–121, meaning it’s about 13–21% higher than the U.S. average.
Housing demand, top-rated schools, and rapid population growth have driven prices significantly above national averages.
A one-bedroom apartment in the city center typically costs around $1,929 per month.
Utility costs usually fall between $180 and $214 monthly, depending on usage and season.
No, the grocery index is about 97, meaning food costs are slightly below national averages.
A single resident typically spends about $812 monthly without rent or around $2,447 with rent included.
Yes, healthcare costs are about 9% lower than the national average, averaging around $250 per month for an adult.
Most residents spend roughly $300 monthly on transportation, including gas, insurance, and vehicle maintenance.
Housing is the biggest contributor, with prices and rents significantly exceeding state and national norms.
Choosing the right neighborhood, limiting dining out, and managing transportation habits can help lower monthly costs.
