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2024 BEA RPP All 4 categories Federal source

Lake Havasu City-Kingman, AZ

Cost-of-living indicators for Lake Havasu City-Kingman, AZ, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 29420 · Data year: 2024 · Rank: #180 of 387

Lake Havasu City-Kingman, AZ has a cost of living index of 94.1, meaning it's 5.9% less expensive than the national average. Goods cost 3.8% less, services 11.3% less, and rents are 20.2% below average. A $100K national salary has the purchasing power of $106,272 here.

What the Numbers Mean for Lake Havasu City

Lake Havasu City ranks #180 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the upper half by cost. With an overall Regional Price Parity of 94.1, Lake Havasu City-Kingman, AZ is 5.9% less expensive than the national baseline of 100. The gap between Lake Havasu City's most and least expensive categories — the priciest line item versus rents at 79.8 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $106,272 inside Lake Havasu City, while a household needs roughly $94,098 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 79.8 — 20.2% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Lake Havasu City's overall index has stayed within 0.3 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 96.2 and services at 88.7, meaning everyday spending in Lake Havasu City is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Lake Havasu City Cost Index at a Glance

Lake Havasu City all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10094.1

Lake Havasu City category breakdown

BEA RPP composition by goods, services, rents, overall

Rents79.773Services88.723Goods96.237Overall94.098

Price Index Summary

Overall

94.1

-5.9 below avg

Goods

96.2

-3.8 below avg

Services

88.7

-11.3 below avg

Rents

79.8

-20.2 below avg

Price Index vs National Average (100)

Overall
National avg

Index 94.1 (-5.9 vs national avg)

Goods
National avg

Index 96.2 (-3.8 vs national avg)

Services
National avg

Index 88.7 (-11.3 vs national avg)

Rents
National avg

Index 79.8 (-20.2 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -20.2% (79.8)
Services -11.3% (88.7)
Overall -5.9% (94.1)
Goods -3.8% (96.2)

Income Adequacy in Lake Havasu City

Lake Havasu City income adequacy score

$75,000 median income vs RPP 94.1

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$94,098

in Lake Havasu City-Kingman, AZ purchasing power

$50,000 nationally
$47,049
$75,000 nationally
$70,574
$125,000 nationally
$117,623
$150,000 nationally
$141,147
$200,000 nationally
$188,196

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 0.3 points over this period.

Year Overall
2008 93.8
2009 97.3
2010 94.6
2011 94.7
2012 95.5
2013 95.0
2014 92.3
2015 92.2
2016 93.0
2017 93.8
2018 89.8
2019 88.4
2020 87.7
2021 89.3
2022 92.8
2023 90.5
2024 94.1

Metros with Similar Cost of Living

These metros have an overall RPP closest to Lake Havasu City-Kingman, AZ's index of 94.1.

Related Data for Lake Havasu City

Frequently Asked Questions

What is the cost of living in Lake Havasu City-Kingman, AZ?
Lake Havasu City-Kingman, AZ has a Regional Price Parity (RPP) index of 94.1, meaning it is 5.9% less expensive than the national average. Goods are indexed at 96.2, services at 88.7, and rents at 79.8. It ranks #180 out of 387 U.S. metro areas by overall cost.
What salary do I need in Lake Havasu City-Kingman, AZ to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $94,098 in Lake Havasu City-Kingman, AZ. Conversely, $100K earned in Lake Havasu City-Kingman, AZ has the purchasing power of $106,272 at the national average.
How expensive is rent in Lake Havasu City-Kingman, AZ?
Rents in Lake Havasu City-Kingman, AZ are indexed at 79.8, which is 20.2% below the national average. This makes the area relatively affordable for renters.
Is Lake Havasu City-Kingman, AZ getting more expensive?
From 2008 to 2024, Lake Havasu City-Kingman, AZ's overall cost index changed by +0.3 points (from 93.8 to 94.1). The cost of living has remained relatively stable.
What metros have a similar cost of living to Lake Havasu City-Kingman, AZ?
Metros with the most similar overall cost index include Hagerstown-Martinsburg, Sheboygan, Hinesville. These areas have RPP values within a few points of Lake Havasu City-Kingman, AZ's 94.1.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

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