States › Arizona › Cave Creek

Is Cave Creek, AZ expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,64351% higher than U.S. average
💵 Families earn per year (2026)$115,472about $9,623/month · 33% higher than U.S. average
🔑 House price$906,100172% higher than U.S. average

Rent is higher than in 88% of U.S. cities. A typical house costs about 7.8 years of household income, so buying is hard for most locals. Most homes (94.6%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $105,720 a year. That is $51 an hour at a full-time job.

Is rent cheaper than other Arizona cities?

No. Rent here is more expensive than in most of Arizona. It is number 86 of 93 cities from cheapest to most expensive.

Cave Creek
$2,643
Citrus Park
$3,036
Three Points
$1,053
Guadalupe
$925
Benson
$830
Thatcher
$996
Doney Park
$1,285

How much do households earn in Cave Creek?

Under $25k
8.2%
$25k–50k
14.0%
$50k–100k
29.9%
$100k–150k
18.5%
$150k+
24.1%

Share of households by yearly income. 42.6% of households earn $100,000 or more.

How expensive is Cave Creek overall?

Everyday prices in Arizona overall are 1% above the U.S. average (index 100.7, U.S. = 100).

Housing
107
Goods (food, clothes…)
95
Utilities
92
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cave Creek, so the Arizona figure is shown.

Taxes and bills in Cave Creek

🏛️ Property tax$2,443a year · 0.27% of home value · U.S. $3,119
⚡ Electric bill$216a month (typical) · U.S. $156

Life in Cave Creek

Commute to work29.7 minU.S.: 26.4 min
College degree52.4%U.S.: 35.7%
Own their home94.6%U.S.: 65.2%
Below poverty line7.2%U.S.: 12.5%
Unemployment2.7%U.S.: 5.2%

Is it cheaper to rent or buy in Cave Creek?

Renting is cheaper right now: about $3,644 a month less.

Renting
$2,643
Owning
$6,287

Owning assumes a typical $906,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $90,610 for the down payment.

Frequently asked questions

What is the average rent in Cave Creek, AZ?

Renting in Cave Creek costs a median of about $2,643 a month in 2026, including utilities. The Arizona median is $1,671.

How much do I need to make to live in Cave Creek?

To keep rent under 30% of income, you need about $105,720 a year, or $51 an hour at a full-time job.

Is Cave Creek cheap or expensive?

Cave Creek is rated OK: rent takes 27.5% of the typical household income of $115,472. It ranks 86th cheapest of 93 Arizona cities we track.

How much are property taxes in Cave Creek?

The median homeowner in Cave Creek pays $2,443 a year in property taxes, about 0.27% of the median home value.

Is Cave Creek more expensive than the national average?

Overall prices in Arizona are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cave Creek?

The median home value in Cave Creek is $906,100, about 7.8 times the typical yearly household income.

5,091 people live in Cave Creek. Numbers are typical (middle) values.