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Phoenix Arizona Housing CostsIt is currently a buyer's market in Phoenix, AZ when it comes to housing. The median cost for a newly-built home in Phoenix is just under $220,000, placing Phoenix well below many other metropolitan areas. The Phoenix, Arizona area offers a wide variety of housing options from existing homes to new construction, about half of which are built in master-planned communities offering enticing amenities like golf courses, lakes, and more. Phoenix Arizona Cost of LivingThe cost of living for the Phoenix, Arizona area is currently at an index of 96.8. This is slightly below the national average. The low cost of living is one of the many reasons Phoenix is a great place to live for everyone from busy young families to active retired adults. Phoenix, Arizona WeatherThe average high temperature in the greater Phoenix, AZ area is 85 degrees and an average annual rainfall of 7.7 inches. Phoenix boasts, on average, more than 325 days of Arizona sunshine every year. How Phoenix Got Its NameIn the mid-1800s, a settlement formed just east of present-day Phoenix. After changing from Swilling's Mill to Helling Mill to Mill City, inhabitants decided to give the city a permanent name. Several monikers were suggested, but a man by the name of Darrell Duppa suggested it be named Phoenix, stating that a new town would spring from the ashes of a former civilization. Phoenix was officially recognized May of 1868 and a Post Office was established June of that same year. The Size of Phoenix, ArizonaThe city of Phoenix, Arizona spans over 514 square miles. The population of Phoenix is 1.4 million, which means Phoenix is currently the fifth largest city in the United States.
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