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.
Moving to Sedona? Talk to Kris Anderson about Finding Your New Home
Kris Anderson embodies professional real estate experience, dedication to professionalism, and unmatched expertise in property transactions. She has spent over a decade navigating the industry. Kris not only offers unrivaled knowledge of Sedona’s most desirable residential neighborhoods with a personal touch. She was born and raised in Sedona.
Her profound connection to Sedona, complemented by an impressive Business Administration degree from Northern Arizona University, ensures that every homebuyer receives an experience tailored to their unique needs and aspirations. She has a remarkable track record of finding the perfect homes in just 9 days on average, along with a stellar list/buy ratio of 94.7%.
Frequently Asked Questions About The Cost Of Living In Sedona
1. Is Sedona a cheap place to live?
While Sedona’s cost of living is higher than the national average, it can be considered affordable compared to some other cities in the country. This high cost of living is due to the demand for residential housing. But, a high median home value is offset by the lower-than-national average utility costs in the city.
2. Is Sedona expensive to visit?
Sedona is a popular tourist destination, so on average, the cost of visiting might be a little higher. But, there are free attractions and activities that tourists can indulge in. You can also try and visit during off-peak tourist months.
3. Is it cheaper to live in Sedona or Flagstaff?
When comparing the cost of living in Sedona, Arizona, to that of Flagstaff, Sedona tends to be more expensive, especially in terms of housing prices. However, the difference is often offset by factors like median household income, health care, and transportation.
4. How much is the average utility bill in Sedona, Arizona?
The average utility bill in Sedona Arizona varies based on the size of the property and consumption habits. However, it’s typically in line with or slightly above the state average.
5. Is Sedona, AZ a good place to live?
Yes. Many residents find living in Sedona to be rewarding, thanks to its natural beauty, community vibe, and amenities. While the cost of living in Sedona is higher, many feel the uniqueness of the city justifies the cost.
6. What is the cheapest place to live in Sedona, AZ?
There are certain neighborhoods and areas in Sedona where housing costs are comparatively lower. It’s best to consult a local real estate agent who has knowledge of the different neighborhoods.
7. How much money do you need to live in Sedona?
The median household income in Sedona is just below $60,000. The estimated amount needed to live comfortably in Sedona depends on personal factors like housing and neighborhood preferences.