Housing

Alabama vs Arizona: Owner Costs to Income

Alabama has a lower owner costs to income ratio than Arizona.

Alabama

AL · South

Winner

14.8%

Median selected monthly owner costs as a percentage of household income (ACS 2023).

Arizona

AZ · West

16.6%

Median selected monthly owner costs as a percentage of household income (ACS 2023).

Visual comparison

Alabama14.8%

Arizona16.6%

Difference: 1.80 percentage points — Alabama leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for owner costs to income.

Alabama #4 · 14.8%

Arizona #17 · 16.6%

Best Worst

10 Best States — Owner Costs to Income

Lower is better

West Virginia

13.3%

Arkansas

14.6%

North Dakota

14.7%

Alabama

14.8%

Mississippi

15.2%

South Carolina

15.4%

Indiana

15.5%

Tennessee

15.5%

Kentucky

15.6%

#10

Missouri

15.9%

Selected states

#17

Arizona

16.6%

Alabama ranks 4th and Arizona ranks 17th nationally for owner costs to income.

Related context

Ownership Cost Burden

Lenders typically flag anything above 28% as stretched — here's how ownership stacks up against income.

MetricAlabamaArizona

Owner Costs w/ Mortgage $1,500/mo $1,893/mo

Owner Costs w/o Mortgage $469/mo $560/mo

Median Household Income $54,943 $72,581 Median Home Value $174,600 $327,400 Property Tax Rate 0.38% 0.48%

What this means