Cost of Living in Gilbert, Arizona
In Gilbert, the median household income is $122,551 and the median gross rent is $2,110/mo, with a median home value of $575,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $122,551
- Median gross rent
- $2,110/mo
- Median home value
- $575,100
- Population
- 280,262
How Gilbert compares to the Arizona average
| Measure | Gilbert, AZ | Arizona statewide | Difference |
|---|---|---|---|
| Median household income | $122,551 | $79,964 | +53.3% |
| Median gross rent (monthly) | $2,110 | $1,543 | +36.7% |
| Median home value | $575,100 | $394,500 | +45.8% |
Statewide, Arizona prices average 100.7 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Gilbert
- Salary needed for median rent
- $84,400
- Rent burden at median income
- 20.7%
- Est. affordable home price
- $447,058
So that $2,110/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Gilbert is $575,100 — +28.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Arizona cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.