Cave Creek, AZ, has a higher cost of living compared to the nationwide average. The overall cost of living index in Cave Creek stands at 107, which is 7% above the national average of 100. Housing costs are notably higher, with an index of 130, indicating a 30% increase over the average. This suggests that potential residents should consider these factors when planning their budget.
Cave Creek, Arizona, has a higher cost of living compared to the nationwide average. Housing costs are notably higher, with an index of 130. This means that housing expenses in Cave Creek are 30% higher than the average cost across the country. For job seekers, this could mean budgeting more for rent or mortgage payments if they choose to live in Cave Creek.
Other areas also show increased costs. Groceries have an index of 105, which is 5% higher than the average. Transportation costs are 10% higher, with an index of 110. Utilities, however, are slightly lower, with an index of 95, meaning they are 5% cheaper than the national average. Healthcare costs remain at par with the national average, with an index of 100. Overall, Cave Creek presents a higher cost of living in several key areas, which potential residents should consider when planning their budgets.