Can A Financial Analyst Afford Rent in Phoenix, AZ?

Comfortably affordable — rent takes 18.8% of gross income.

Phoenix rent: June 2026. Salary: BLS OEWS May 2024 (Arizona state estimate).

Phoenix median rent
$1,569/mo
Financial Analyst salary (Arizona)
$100,240/yr
Rent as % of income
18.8%
Gross monthly income works out to about $8,353, and the 30% rule supports up to $2,506/mo in rent. Phoenix's median rent of $1,569 leaves roughly $937/mo of headroom under that threshold. A financial analyst works roughly 32.6 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Arizona cities have lower median rent than Phoenix, which improves the affordability math on a financial analyst salary:

Lake Havasu City, AZ
$1,567/mo (18.8% of income)
Oro Valley, AZ
$1,567/mo (18.8% of income)
Mesa, AZ
$1,567/mo (18.8% of income)

Compare with full rent data for Phoenix

View full rent data for Phoenix, AZ

Frequently asked questions

Can a financial analyst afford rent in Phoenix, AZ?

Median rent in Phoenix is $1,569 a month. A typical financial analyst in Arizona earns about $100,240 a year, which makes that rent 18.8% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Phoenix?

Using the 30% rule, a financial analyst salary in Arizona (~$100,240/yr) supports up to $2,506 a month in rent. Phoenix's current median rent is $1,569/mo, which leaves a $937/mo buffer.

How many hours does a financial analyst work to cover rent in Phoenix?

At an hourly equivalent of about $48 an hour, a financial analyst in Arizona works roughly 32.6 hours a month to cover Phoenix's median rent of $1,569.

Where is rent cheaper than Phoenix for a financial analyst?

Nearby Arizona cities with lower median rent include Lake Havasu City ($1,567/mo), Oro Valley ($1,567/mo), Mesa ($1,567/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Arizona state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Phoenix, AZ. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.