Скачать или смотреть Independent Insurance Agency Scottsdale | Why Are People Moving To Arizona?

0:00 - Independent Insurance Agency Scottsdale | Why Are People Moving To Arizona?
0:48 - So Why Are People Moving To Arizona?
2:09 - Moving To Arizona Checklist
3:16 - Find An Insurance Agency in Arizona
3:40 - Independent Insurance Agency Scottsdale | Contact


Luxe Insurance Brokers
7047 E Greenway Parkway Ste 250
Scottsdale, AZ 85254
United States
480-568-2566
[email protected]
https://luxeinsurancebrokers.com/

Longitude: 33.631333267899265, Latitude -111.92647637041597

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So, Why Are People Moving To Arizona?

The reasons are unsurprisingly straightforward: relatively lower cost of living, tax breaks, sunny weather, and a cosmopolitan vibe minus the hustle and bustle of bigger cities.

Data shows that Arizona is not exactly a cheap state to live in but if you’re moving from a state like California or New York, you will appreciate the significant difference.

The average cost of living is at $35,200 per year, and the top three cost components are housing, healthcare, and food. According to MERIC’s 2021 Cost of Living Index, Arizona is ranked 36th when it comes to U.S. states with the lowest cost of living.

Housing is a hot issue right now, with median sale prices in Phoenix going up 24.4%, from $325,000 in January last year to $404,300 in October of the same year. The demand is outpacing supply, which is driving intensely competitive bidding wars among buyers.

However, it is important to note that while Phoenix and Tucson are the top-of-mind places for those moving to Arizona, there are many other beautiful communities in the Grand Canyon State that are potentially less crowded, and therefore more likely to have a lower cost of living.

Arizona does not also have an estate tax, which makes it attractive for retirees. Property tax is capped on owner-occupied homes. The rate is 0.62% annually based on the assessed value of your house, which is 0.45% less than the national average.

The income tax is offered in graduated brackets, with the top marginal tax rate at 8% with the lowest at 2.59%

If you enjoy the outdoors, then you’ll love the fact that Arizona has 286 sunny days, which is significantly more than the national average of 205.