Cost of Living in Gilbert: A Detailed Guide

Cost of Living in Gilbert: A Detailed Guide

Introduction

Gilbert, Arizona, is a rapidly growing town located in Maricopa County. It is known for its excellent schools, safe neighborhoods, and a thriving economy. Gilbert is a popular destination for real estate investors, homeowners, and first-time home buyers. However, before making a move, it is essential to understand the cost of living in Gilbert. In this article, we will provide a detailed guide to help you make an informed decision.

What is the Cost of Living in Gilbert?

The cost of living in Gilbert is slightly higher than the national average. According to Numbeo, the cost of living index in Gilbert is 68.68, while the national average is 62. The cost of living index takes into account the prices of goods and services, including groceries, housing, transportation, utilities, and healthcare.

Housing

Housing is the most significant expense in Gilbert, accounting for 33% of the cost of living index. The median home price in Gilbert is $400,000, which is higher than the national average of $295,000. However, Gilbert’s housing market is competitive, with a low inventory of homes for Sale and high demand from buyers.

Transportation

Transportation costs in Gilbert are lower than the national average. The cost of gas is around $2.50 per gallon, and the average commute time is 26 minutes. Gilbert has an excellent public transportation system, including buses and light rail, which makes it easy to get around the town.

Groceries

Grocery prices in Gilbert are slightly higher than the national average. However, there are many options for grocery shopping, including supermarkets, farmers’ markets, and specialty stores. Gilbert’s farmers’ markets offer fresh, locally grown produce at reasonable prices.

Utilities

Utilities in Gilbert are slightly higher than the national average. The average monthly utility bill for a 915 square foot apartment is around $150. However, Gilbert’s warm climate means that residents can save on heating costs during the winter months.

Healthcare

Healthcare costs in Gilbert are higher than the national average. However, Gilbert has excellent healthcare facilities, including hospitals, clinics, and medical centers. The town is home to the Banner Gateway Medical Center, which is one of the top hospitals in the state.

FAQs

1. Is Gilbert an expensive place to live?

Gilbert is slightly more expensive than the national average. However, the town offers a high quality of life, excellent schools, and a thriving economy, making it a popular destination for real estate investors, homeowners, and first-time home buyers.

2. What is the median home price in Gilbert?

The median home price in Gilbert is $400,000, which is higher than the national average of $295,000. However, Gilbert’s housing market is competitive, with a low inventory of homes for sale and high demand from buyers.

3. Does Gilbert have good healthcare facilities?

Yes, Gilbert has excellent healthcare facilities, including hospitals, clinics, and medical centers. The town is home to the Banner Gateway Medical Center, which is one of the top hospitals in the state.

Conclusion

In conclusion, the cost of living in Gilbert is slightly higher than the national average. Housing is the most significant expense, accounting for 33% of the cost of living index. However, Gilbert offers a high quality of life, excellent schools, and a thriving economy, making it a popular destination for real estate investors, homeowners, and first-time home buyers. Understanding the cost of living in Gilbert is essential before making a move, and we hope this detailed guide has provided valuable insights to help you make an informed decision.

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.