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Renting remains expensive, but buying a home is even farther out of reach for many Americans.
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The average rent in Phoenix still sits below the U.S. average, yet that relative advantage can be diminished by heavy summer air conditioning expenses.
A new rental snapshot shows that even a relatively small increase in rent can still push the income needed to stay financially comfortable much higher for many households.
According to Zillow’s July rental data summarized by AZFamily, Phoenix’s average rent was $1,727 in July. That was 0.3% higher than in July 2025, although still below the national July average of $1,962.
A typical Phoenix-area renter would need about $69,094 in annual income to afford a standard rental.
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Nationwide, the income needed for a typical rental was roughly $78,488 a year, and Zillow said rent growth reached 2.3% — the fastest pace in more than a year.
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Renting remains expensive, but buying a home is even farther out of reach for many Americans.
Zillow estimated that affording a typical mortgage in the U.S. requires nearly $99,800 in yearly income, which is more than $21,000 above the amount needed for a typical rental — a gap that could keep more people in the rental market longer, adding pressure even in cities where rents are not rising as quickly as the national average.
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And in Phoenix, monthly housing costs extend beyond the lease payment, since summer air conditioning use can sharply increase household monthly spending.
On paper, Phoenix fares somewhat better than the country as a whole, but that does not necessarily translate into noticeable relief for local renters.
For renters, revisit monthly budgets, check whether there is room to negotiate at lease renewal, and compare neighborhoods or unit sizes before signing a new lease. Even small savings on utilities can make a difference when housing already takes up a large share of income.
For homeowners looking to cut another major recurring expense, EnergySage’s free services can be a useful tool. With EnergySage’s help, the average person can save up to $10,000 on solar purchases and installations. EnergySage’s solar map shows the average cost of a home solar panel system on a state-by-state level, along with solar panel incentives available in each state. Together, these resources can help readers get the best price for rooftop solar panels and access available incentives.
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Adding battery storage to a solar setup is also one of the best ways to protect your home during outages, save money on energy, and go off-grid. For households worried about both rising bills and power disruptions, that extra backup can add resilience as well as long-term savings. Readers can also explore EnergySage for information about home battery storage options, including competitive installation estimates.
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© 2025 THE COOL DOWN COMPANY. All Rights Reserved. Do not sell or share my personal information. Reach us at hello@thecooldown.com.

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