salaryRent is lower than in 62% of U.S. cities. A typical house costs about 5.2 years of household income. Commutes are short, about 19.4 minutes. Most homes (75.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $57,040 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Arizona cities?
Yes. Rent here is cheaper than in most of Arizona. It is number 37 of 93 cities from cheapest to most expensive.
How much do households earn in Payson?
Share of households by yearly income. 17.0% of households earn $100,000 or more.
Rent by apartment size in Payson
| Size | Payson | U.S. average |
|---|---|---|
| 1 bedroom | $943 | $1,324 |
| 2 bedrooms | $1,660 | $1,509 |
| 3 bedrooms | $1,384 | $1,698 |
| 4 bedrooms | $2,226 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Payson overall?
Everyday prices in Arizona overall are 1% above the U.S. average (index 100.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Payson, so the Arizona figure is shown.
Taxes and bills in Payson
Life in Payson
Is it cheaper to rent or buy in Payson?
Renting is cheaper right now: about $1,227 a month less.
Owning assumes a typical $382,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,240 for the down payment.
Frequently asked questions
What is the average rent in Payson, AZ?
Renting in Payson costs a median of about $1,426 a month in 2026, including utilities. The Arizona median is $1,671.
How much do I need to make to live in Payson?
To keep rent under 30% of income, you need about $57,040 a year, or $27 an hour at a full-time job.
Is Payson cheap or expensive?
Payson is rated OK: rent takes 23.4% of the typical household income of $73,025. It ranks 37th cheapest of 93 Arizona cities we track.
How much are property taxes in Payson?
The median homeowner in Payson pays $1,789 a year in property taxes, about 0.47% of the median home value.
Is Payson 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 Payson?
The median home value in Payson is $382,400, about 5.2 times the typical yearly household income.
16,622 people live in Payson. Numbers are typical (middle) values.