Lake Havasu City, Arizona Cost of Living Guide 2023

If you are considering relocating your family to Lake Havasu, you should ensure that you can afford to live there comfortably. While the cost of living is higher than the national average, there are big benefits for you and your family.

And there are bargains to be found, too!

How Much Does It Cost to Live in Lake Havasu?

The cost of living is around 26% higher than the Arizona average and 36% higher than the national average. If you're moving from California, New York, or another high-cost-of-living area, you'll probably find the city a bargain.

Most of this increased cost is in housing. The average rent is around $1,200 a month and the average home costs about $917K. Utilities are a bit higher than the US average, as well, with the average energy bill around $145 a month.

How much does it cost to live in Lake Havasu? The answer will, of course, depend on your standard of living, but overall, it's higher than most places in the US.

Why Is Lake Havasu So Expensive?

The city attracts many high-income retirees, and it's also a popular tourist destination in winter and spring. This combination puts a squeeze on housing availability and helps to inflate the cost of essentials.

The demand for air conditioning in the summer and a limited water supply also increase the cost of utilities. You can make your money stretch further by purchasing an energy-efficient house and appliances.

Is Lake Havasu Affordable?

While Lake Havasu has a higher cost of living than other cities, there are bargains to be found. Gas tends to be cheaper, so driving won't put quite a dent in your wallet. Food is a bit cheaper, too.

Outdoor recreation is a big deal, and the area is full of great spots for fishing, biking, swimming, and golf. You may be able to save on vacation costs by staying in the area!

Is Lake Havasu a Good Place To Live?

For many people, the additional costs of living in Lake Havasu are well worth it! The numerous outdoor activities are great for spending quality time with your family.  Crime is low, too, making it a safe place for families.

Lake Havasu is actually considered to be one of Arizona's safest cities. And whether or not you have breathing issues, you'll appreciate the exceptional air quality in Lake Havasu. The city takes serious measures to keep things healthy and safe.

While the tourist scene may make the city crowded at times, it also means there are plenty of restaurants, bars, and entertainment to enjoy!

Is Lake Havasu a Good Place To Retire?

Lake Havasu is great for families, but it's fabulous for retirees, too. Outdoor recreation, clean air, and a large number of seniors mean there's always something to do and new friends to make.

If you're a multigenerational family, everyone can find their niche!

Final Thoughts

If you're looking for a home in Lake Havasu, give us a call. We'll help you find a place that fits your budget, so you can start living your Lake Havasu dream!