This is part of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far:
Arizona’s economy is interesting in the fact that it relies on its lovely climate as a main factor. Crops and livestock contribute, and it’s about a 50/50 split between the two. Lettuce, cotton, cantaloupes, barley, potatoes, and wheat are all main crops grown in the state. Cattle and dairy farming make up the other 50%.
Tourism and retirees help bring the bucks to the Grand Canyon State. With a plethora of sunshine, dry heat, and beautiful scenery, who wouldn’t want to visit Arizona?
Arizona collects personal income taxes in five different brackets, ranging from 2.87% to 5.04%. The sales tax is around 6.3%. The state of Arizona doesn’t tax food for consumption, or drugs that have been prescribed by a licensed physician.
Arizona’s largest employer is the United States government, followed by Wal-mart. Interesting! If you’re looking for a career in hospitality, Arizona may be the state to go to due to the high volume of tourism.
A frugal place to buy a house may be Tempe, Arizona, where you can buy a house for around $150,000. Of course, the further you are willing to live away from a city, the better the housing costs will be!
Arizona would be a frugal place to live in the winter, as you most likely won’t have a huge heating bill. 🙂 If you’re a fan of raw vegan foods, you can find an abundance of citrus and vegetables here! All in all, I think Arizona would be a fabulous place to live if you do not like cold at all. I can say that it wouldn’t be frugal to live there in the summer with the air conditioning bills!
Do you have any other ideas on why it’s frugal to live in Arizona? Would you consider moving there?