Cost of Living in Swift Trail Junction, Arizona

Cost of Living in Swift Trail Junction, Arizona

Swift Trail Junction is a Census-designated place in Graham County, Arizona, with a population of 3,292. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Swift Trail Junction is $37,550 a year — about the same as the annual cost of living for Arizona of $37,091 yet roughly in line with the national figure of $38,433.

Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Swift Trail Junction and over 29,000 other cities and towns in the US.

Housing Costs in Swift Trail Junction, Arizona

Housing is one of the largest components of cost of living. In Swift Trail Junction, the median home value is $82,900, less than the national median home value of $204,900.

Renting is a sometimes lower cost alternative to homeownership. In Swift Trail Junction, some 31.80% of occupied homes are rented, less than the 36.2% national renter rate. The typical renter in Swift Trail Junction spends $971 a month on housing, less than the $1,023 national median monthly rent.

In addition to home value, one of the largest determinants of housing affordability is area income. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. In Swift Trail Junction, the median household income is $53,684, 1.5 times the median home value.

Transportation Costs in Swift Trail Junction, Arizona

Transportation can also be a significant component of cost of living. In Swift Trail Junction, 94.40% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 93.10% of workers commute to jobs outside of Swift Trail Junction, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Swift Trail Junction is 31.6 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Swift Trail Junction spends $11,145 a year on transportation, more than the national average of $9,760.

Health Care Costs in Swift Trail Junction, Arizona

Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far higher than they are on average nationwide in Swift Trail Junction but in line with what they are across Arizona as a whole.

For a single adult living in the area, average health care costs come out to $5,895 per year, compared to an average of $5,983 across Arizona and $4,266 nationwide.

Child care Costs in Swift Trail Junction, Arizona

For families with children, child care adds thousands of dollars to overall annual spending. In Swift Trail Junction, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $12,723, about $3,600 less than the comparable average of $16,276 across all of Arizona. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.

Food Costs in Swift Trail Junction, Arizona

Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.

In Swift Trail Junction, a single adult spends an average of $3,069 on food annually, and a family of four spends $8,864 on average. For context, average annual food expenditure across Arizona and the U.S., respectively, are $3,083 and $3,240 for a single adult, and $8,903 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.

Taxes in Swift Trail Junction, Arizona

Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Swift Trail Junction, Arizona pays $6,182 annually — closely in line with the statewide average of $6,084.

It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Swift Trail Junction residents live in a state with a low average tax burden. Per capita state tax collections in Arizona total $2,272 per year, compared to the $3,151 average across all states.

Methodology

To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.


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