Salary & Cost of Living in Tempe, AZ
Tempe, AZ: $62,000 median salary, cost of living index 105, $14.70/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
105
US avg = 100
Minimum Wage
$14.70
per hour
Unemployment
3%
rate
Tempe, AZ Overview
Population
180,587
Median Salary
$62,000
Average Salary
$69,000
Avg Commute
25 min
Median Home Price
$390,000
Median Rent
$1,500/mo
Job Growth
+2.6%
Sales Tax
8.1%
Tempe is located in Arizona with a population of 180,587. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 25 minutes, and the city has a job growth rate of +2.6%.
Tempe Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Tempe, AZ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,306
$4,192.13/month · $1,934.83/biweekly · Effective Rate: 18.9%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
-$1,550
Local Tax
$0
FICA
-$4,743
Net Pay
$50,306
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Arizona State Tax (2.5%) | -$129.17 | -$1,550.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $4,192.13 | $50,305.50 |
Salary Comparison: Tempe vs Other Cities
See how Tempe's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Tempe, AZ | $62,000 | 105 | $59,048 |
| National Average | $59,384 | 100 | $59,384 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
| Des Moines, IA | $62,000 | 90 | $68,889 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Tempe
Tempe's cost of living index is 105 (national average = 100). Living in Tempe is 5% more expensive than the national average.
Median Home Price
$390,000
Median Monthly Rent
$1,500
Annual Rent Cost
$18,000
Your Salary's Purchasing Power
Your $50,306 annual take-home pay in Tempe has the purchasing power of approximately $47,910 in an average-cost US area. You would need to earn $65,100 in Tempe to match a $62,000 salary in an average-cost city.
Top Industries in Tempe
Tempe's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Tempe Workers
- Research top industries. Tempe's top industries include Education, Technology, Finance. Targeting roles in these sectors can help you earn above the $62,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Tempe, AZ?
The median salary in Tempe, AZ is $62,000 per year, or $30 per hour. The average salary is $69,000. This is $2,616 above the national median of $59,384.
What is the cost of living in Tempe, AZ?
Tempe's cost of living index is 105 (national average = 100), meaning it is 5% more expensive compared to the national average. The median home price is $390,000 and the median monthly rent is $1,500.
What are the best industries in Tempe?
The top industries in Tempe, AZ include Education, Technology, Finance. The city has a job growth rate of 2.6% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $62,000.
How does Tempe's salary compare to other cities?
Tempe's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 105), the real purchasing power is approximately $59,048.
What is the minimum wage in Tempe, AZ?
The minimum wage in Tempe, AZ is $14.70 per hour. This equals approximately $30,576 per year for a full-time worker (40 hours/week). This is $7.45 above the federal minimum wage of $7.25/hour.