Sedona offers an unparalleled blend of natural beauty and urban amenities. The city is renowned for its breathtaking red rock formations and scenic trails. Beyond the landscapes, Sedona’s cost of living is competitive compared to other sought-after cities in the country.
The cost of living in Sedona, Arizona, provides a balance; while the median home value may be higher than in other cities, the values are generally offset by reasonable health care, food, and utility costs. Local markets offering fresh produce and a well-connected public transportation system that is efficient for a daily average commute will considerably reduce your daily expenses.
Are you considering a move to Sedona? Would you like to have more information about the best residential neighborhoods in the city? Get in touch with a local realtor in Sedona. Here are some cost of living data for Sedona.
Average Home Values in Sedona, AZ
Data about the median home value in Sedona varies slightly depending on the source. But the price ranges from $750,000 to slightly over $1,000,000. According to Zillow, the median value for a standard family home in the city is $898,005 in 2023. This is down 3.9% from the previous year. Redfin estimates the value to be closer to $750,000 while Realtor.com puts it at just over a million dollars.
These values are considerably higher than the national average which stands at $410,000 in 2023. However, these figures do not tell the whole story. Sedona is one of the most sought-after residential cities in Arizona and one of the most desirable tourist destinations in the United States. This has pushed the home prices and the living index higher.
Apartment units and condos in Sedona are comparatively cheaper than single-family homes. On average, you will pay just under $3,400 for rent in Sedona.
Median Household Income in Sedona
Government data estimates that the median income in Sedona was about $58,901 between 2017 and 2021. This value is a little lower than Arizona’s median household income (gross income) of $70,821 in 2021. Payscale.com, however, estimates that the average cost of utilities in Sedona is 10% cheaper than the national average. So, the income might be a little lower, but utility bills are cheaper on average.
Taxes in Sedona, Arizona
Sedona’s retail sales tax is either 9.85% for those living in Yavapai County or 10.40% depending on those in Coconino County. The local government does not collect any property taxes.
Tips to Save Money as a Sedona Resident
Living in Sedona, AZ offers an unparalleled blend of natural beauty and community spirit. But like many, sought-after residential locations, the city’s cost of living can be a concern for a new resident. However, with a bit of local know-how, you can minimize your expenses and make the most of what this city has to offer.
- Shop Local and Seasonal: Embracing the local economy is one of the best ways to adjust to the Sedona lifestyle. Purchasing produce from local farmers’ markets or community co-ops supports Sedona’s local economy. Seasonal goods are also often more affordable compared to other cities.
- Utilize Public Transportation: Sedona’s efficient public transportation options can considerably reduce your monthly expenses. If you decide to use buses or even carpool, you can spend a fraction of what you might have spent on gas, insurance, and other car-related costs.
- Explore Free Natural Attractions: Instead of consistently paying for attractions, you can indulge in countless free hiking trails, parks, and other scenic spots. This not only cuts costs but also encourages a healthier, outdoor lifestyle.
- Dine Smartly: Eating out doesn’t always have to dent your wallet. Take advantage of early bird specials, happy hour deals, and local discounts at restaurants in Sedona. Try and savor the city’s culinary offerings without straining your budget.
- Energy Efficiency: Sedona’s climate makes energy efficiency a cost-effective option. Investing in energy-efficient appliances and insulation can lead to significant long-term savings. Utility bills often account for a significant percentage of monthly expenses. Look at solar installation options and energy-saving lighting for your home. These subtle changes can have a profound impact on your cost of living in Sedona, AZ.
- Seek Affordable Neighborhoods and Shopping Hubs: Some areas in Sedona have a higher median home value or rent, but a detailed search can reveal more affordable neighborhoods that still offer excellent amenities. Contact I Love Sedona Real Estate and we’ll help you find a reasonably priced neighborhood to make your new home.
- Tap Into Local Discounts and Savings: Some local businesses offer discounts for Sedona residents. Always be on the lookout for such opportunities, as they can lead to cumulative savings over time.