Los Angeles vs Phoenix
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Phoenix has an edge
Phoenix currently favors renting, with better rent-to-price dynamics.
Median Home Price
$859,957.76
Median Rent
$2,809.35/mo
Price-to-Rent Ratio
25.5
Property Tax Rate
0.73%
Price Change (1Y)BETTER
-1.8%
Price Change (5Y)BETTER
-9.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$597,809
Median Home PriceBETTER
$455,489.79
Median RentBETTER
$1,736.14/mo
Price-to-Rent RatioBETTER
21.9
Property Tax RateBETTER
0.62%
Price Change (1Y)
-3.4%
Price Change (5Y)
-17.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$276,367
Key Differences
Home Prices
Los Angeles's median home price of $859,957.76 is higher than Phoenix's $455,489.79 by 89%.
Monthly Rent
Renting in Los Angeles costs $2,809.35/mo compared to $1,736.14/mo in Phoenix—a difference of $1,073.21/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.