Houston, TX vs Phoenix, AZ: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Phoenix, AZ is 4.8% more expensive than Houston, TX (BEA, 2024).
- To keep the same standard of living, $75,000 in Houston works out to about $78,600 in Phoenix, before taxes.
- Most of the difference is housing, which costs 16.0% more in Phoenix. Goods are 5.6% lower and other services 8.8% higher.
- Typical asking rent is $1,720 a month in Phoenix and $1,638 in Houston, $984 a year more in Phoenix (Zillow, September 2026).
- A typical home is valued at about $441,000 in Phoenix and $303,000 in Houston.
- The gap has widened since 2019, when Phoenix was 1.4% less expensive than Houston.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 16.0% higher in Phoenix than in Houston
Price level by category, 2024. US average = 100.
- Houston, TX
- Phoenix, AZ
All items Houston, TX: 98.6 Phoenix, AZ: 103.3
Goods Houston, TX: 100.6 Phoenix, AZ: 95.0
Housing (rents) Houston, TX: 104.5 Phoenix, AZ: 121.2
Utilities Houston, TX: 95.3 Phoenix, AZ: 93.3
Other services Houston, TX: 95.6 Phoenix, AZ: 104.0
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| All items | 98.6 | 103.3 |
| Goods | 100.6 | 95.0 |
| Housing (rents) | 104.5 | 121.2 |
| Utilities | 95.3 | 93.3 |
| Other services | 95.6 | 104.0 |
| Category | Houston | Phoenix | Phoenix vs Houston |
|---|---|---|---|
| All items | 98.6 | 103.3 | +4.8% |
| Goods | 100.6 | 95.0 | −5.6% |
| Housing (rents) | 104.5 | 121.2 | +16.0% |
| Utilities | 95.3 | 93.3 | −2.1% |
| Other services | 95.6 | 104.0 | +8.8% |
| Typical asking rent | $1,638 | $1,720 | +5.0% |
| Typical home value | $303,000 | $441,000 | +45.7% |
| Salary to match $75,000 in Houston | $75,000 | $78,600 | +4.8% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Houston and Phoenix has narrowed since 2008: 6.3 points then, 4.7 now
Overall price level each year, 2008–2024. US average = 100.
- Houston, TX
- Phoenix, AZ
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| 2008 | 99.4 | 105.7 |
| 2009 | 100.6 | 105.4 |
| 2010 | 101.0 | 102.7 |
| 2011 | 98.7 | 100.3 |
| 2012 | 100.1 | 98.7 |
| 2013 | 101.1 | 99.5 |
| 2014 | 102.2 | 99.1 |
| 2015 | 103.1 | 98.7 |
| 2016 | 102.4 | 100.4 |
| 2017 | 100.0 | 98.9 |
| 2018 | 101.9 | 99.6 |
| 2019 | 101.4 | 100.0 |
| 2020 | 100.0 | 102.8 |
| 2021 | 99.7 | 99.1 |
| 2022 | 98.8 | 103.9 |
| 2023 | 99.7 | 104.7 |
| 2024 | 98.6 | 103.3 |
Goods
- Houston, TX
- Phoenix, AZ
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| 2008 | 95.9 | 105.6 |
| 2009 | 98.0 | 109.1 |
| 2010 | 99.6 | 101.2 |
| 2011 | 97.6 | 99.0 |
| 2012 | 99.0 | 98.0 |
| 2013 | 97.7 | 97.8 |
| 2014 | 98.9 | 98.2 |
| 2015 | 98.9 | 98.7 |
| 2016 | 97.7 | 97.8 |
| 2017 | 96.3 | 96.0 |
| 2018 | 99.0 | 95.9 |
| 2019 | 98.3 | 94.9 |
| 2020 | 96.7 | 101.5 |
| 2021 | 97.7 | 94.5 |
| 2022 | 98.1 | 98.2 |
| 2023 | 101.7 | 98.4 |
| 2024 | 100.6 | 95.0 |
Housing (rents)
- Houston, TX
- Phoenix, AZ
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| 2008 | 99.9 | 113.7 |
| 2009 | 101.9 | 107.7 |
| 2010 | 103.5 | 103.0 |
| 2011 | 99.4 | 103.0 |
| 2012 | 103.4 | 102.7 |
| 2013 | 104.1 | 100.0 |
| 2014 | 107.6 | 101.4 |
| 2015 | 108.6 | 101.2 |
| 2016 | 110.0 | 100.6 |
| 2017 | 108.5 | 103.3 |
| 2018 | 108.0 | 104.4 |
| 2019 | 107.4 | 106.4 |
| 2020 | 107.5 | 111.2 |
| 2021 | 105.6 | 116.1 |
| 2022 | 107.8 | 122.8 |
| 2023 | 106.3 | 124.3 |
| 2024 | 104.5 | 121.2 |
Utilities
- Houston, TX
- Phoenix, AZ
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| 2008 | 101.4 | 100.3 |
| 2009 | 95.3 | 98.2 |
| 2010 | 97.6 | 106.1 |
| 2011 | 97.4 | 105.1 |
| 2012 | 95.1 | 99.0 |
| 2013 | 95.8 | 98.0 |
| 2014 | 94.5 | 98.3 |
| 2015 | 83.8 | 99.6 |
| 2016 | 92.5 | 95.7 |
| 2017 | 85.7 | 99.6 |
| 2018 | 83.1 | 104.7 |
| 2019 | 91.2 | 92.8 |
| 2020 | 86.4 | 89.8 |
| 2021 | 89.1 | 89.9 |
| 2022 | 92.3 | 88.2 |
| 2023 | 94.9 | 83.1 |
| 2024 | 95.3 | 93.3 |
Other services
- Houston, TX
- Phoenix, AZ
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Houston, TX | Phoenix, AZ | |
|---|---|---|
| 2008 | 102.1 | 103.3 |
| 2009 | 102.4 | 102.7 |
| 2010 | 101.4 | 103.4 |
| 2011 | 99.3 | 100.0 |
| 2012 | 100.2 | 97.8 |
| 2013 | 103.3 | 100.7 |
| 2014 | 103.7 | 99.2 |
| 2015 | 106.0 | 97.9 |
| 2016 | 104.3 | 102.6 |
| 2017 | 101.2 | 99.6 |
| 2018 | 103.4 | 100.6 |
| 2019 | 102.5 | 102.3 |
| 2020 | 100.9 | 101.7 |
| 2021 | 100.2 | 98.3 |
| 2022 | 97.0 | 103.4 |
| 2023 | 96.6 | 104.5 |
| 2024 | 95.6 | 104.0 |
Rent and home values
Typical asking rent: $1,720 in Phoenix vs $1,638 in Houston
Typical asking rent for a new lease, dollars per month. Quarterly.
- Houston, TX
- Phoenix, AZ
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Houston, TX | Phoenix, AZ | United States | |
|---|---|---|---|
| Mar 2015 | $1,210 | $923 | $1,145 |
| Jun 2015 | $1,239 | $945 | $1,170 |
| Sep 2015 | $1,239 | $949 | $1,181 |
| Dec 2015 | $1,229 | $956 | $1,182 |
| Mar 2016 | $1,237 | $973 | $1,195 |
| Jun 2016 | $1,247 | $994 | $1,219 |
| Sep 2016 | $1,237 | $1,001 | $1,225 |
| Dec 2016 | $1,226 | $1,003 | $1,222 |
| Mar 2017 | $1,242 | $1,030 | $1,245 |
| Jun 2017 | $1,257 | $1,055 | $1,270 |
| Sep 2017 | $1,259 | $1,065 | $1,276 |
| Dec 2017 | $1,282 | $1,071 | $1,275 |
| Mar 2018 | $1,294 | $1,094 | $1,296 |
| Jun 2018 | $1,308 | $1,127 | $1,320 |
| Sep 2018 | $1,303 | $1,144 | $1,327 |
| Dec 2018 | $1,305 | $1,158 | $1,329 |
| Mar 2019 | $1,311 | $1,180 | $1,349 |
| Jun 2019 | $1,330 | $1,216 | $1,376 |
| Sep 2019 | $1,330 | $1,235 | $1,383 |
| Dec 2019 | $1,331 | $1,251 | $1,381 |
| Mar 2020 | $1,345 | $1,276 | $1,402 |
| Jun 2020 | $1,334 | $1,281 | $1,406 |
| Sep 2020 | $1,343 | $1,327 | $1,410 |
| Dec 2020 | $1,346 | $1,363 | $1,407 |
| Mar 2021 | $1,365 | $1,411 | $1,443 |
| Jun 2021 | $1,424 | $1,519 | $1,512 |
| Sep 2021 | $1,483 | $1,633 | $1,590 |
| Dec 2021 | $1,497 | $1,675 | $1,622 |
| Mar 2022 | $1,523 | $1,706 | $1,661 |
| Jun 2022 | $1,564 | $1,731 | $1,721 |
| Sep 2022 | $1,577 | $1,727 | $1,748 |
| Dec 2022 | $1,561 | $1,701 | $1,735 |
| Mar 2023 | $1,583 | $1,719 | $1,757 |
| Jun 2023 | $1,605 | $1,727 | $1,785 |
| Sep 2023 | $1,608 | $1,725 | $1,797 |
| Dec 2023 | $1,594 | $1,701 | $1,786 |
| Mar 2024 | $1,604 | $1,717 | $1,807 |
| Jun 2024 | $1,627 | $1,730 | $1,837 |
| Sep 2024 | $1,635 | $1,726 | $1,845 |
| Dec 2024 | $1,623 | $1,703 | $1,836 |
| Mar 2025 | $1,635 | $1,721 | $1,860 |
| Jun 2025 | $1,639 | $1,716 | $1,880 |
| Sep 2025 | $1,636 | $1,703 | $1,881 |
| Dec 2025 | $1,623 | $1,691 | $1,873 |
| Mar 2026 | $1,620 | $1,706 | $1,894 |
| Jun 2026 | $1,636 | $1,714 | $1,921 |
| Sep 2026 | $1,638 | $1,720 | $1,932 |
Typical home value: $441,000 in Phoenix vs $303,000 in Houston
Typical home value, dollars. Quarterly.
- Houston, TX
- Phoenix, AZ
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Houston, TX | Phoenix, AZ | United States | |
|---|---|---|---|
| Mar 2015 | $184K | $209K | $189K |
| Jun 2015 | $188K | $214K | $192K |
| Sep 2015 | $192K | $219K | $195K |
| Dec 2015 | $195K | $226K | $199K |
| Mar 2016 | $198K | $232K | $202K |
| Jun 2016 | $200K | $234K | $204K |
| Sep 2016 | $201K | $238K | $206K |
| Dec 2016 | $204K | $241K | $209K |
| Mar 2017 | $205K | $245K | $213K |
| Jun 2017 | $207K | $249K | $216K |
| Sep 2017 | $209K | $254K | $219K |
| Dec 2017 | $211K | $258K | $223K |
| Mar 2018 | $213K | $263K | $227K |
| Jun 2018 | $215K | $268K | $230K |
| Sep 2018 | $218K | $274K | $234K |
| Dec 2018 | $220K | $278K | $236K |
| Mar 2019 | $223K | $283K | $239K |
| Jun 2019 | $224K | $286K | $242K |
| Sep 2019 | $225K | $289K | $244K |
| Dec 2019 | $228K | $295K | $247K |
| Mar 2020 | $230K | $305K | $252K |
| Jun 2020 | $231K | $312K | $255K |
| Sep 2020 | $234K | $321K | $260K |
| Dec 2020 | $242K | $339K | $271K |
| Mar 2021 | $251K | $358K | $282K |
| Jun 2021 | $262K | $388K | $296K |
| Sep 2021 | $272K | $417K | $306K |
| Dec 2021 | $281K | $438K | $314K |
| Mar 2022 | $297K | $463K | $330K |
| Jun 2022 | $313K | $493K | $346K |
| Sep 2022 | $318K | $490K | $348K |
| Dec 2022 | $315K | $465K | $345K |
| Mar 2023 | $311K | $447K | $343K |
| Jun 2023 | $311K | $448K | $347K |
| Sep 2023 | $313K | $456K | $352K |
| Dec 2023 | $313K | $460K | $354K |
| Mar 2024 | $314K | $463K | $357K |
| Jun 2024 | $316K | $466K | $361K |
| Sep 2024 | $315K | $463K | $361K |
| Dec 2024 | $314K | $461K | $363K |
| Mar 2025 | $313K | $456K | $364K |
| Jun 2025 | $310K | $451K | $362K |
| Sep 2025 | $308K | $446K | $362K |
| Dec 2025 | $308K | $446K | $364K |
| Mar 2026 | $307K | $447K | $366K |
| Jun 2026 | $304K | $443K | $365K |
| Sep 2026 | $303K | $441K | $366K |
More about each city
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.