Yes, Scottsdale, Arizona, is generally considered an expensive place to live. The cost of living is significantly higher than the national average, particularly in terms of housing. While public services are slightly cheaper than the national average, other expenses, such as food and health care, are also higher. However, before investing in this market, you should take into account some trends in this regard to know how it tends to behave.
Overall, Scottsdale is also known for being relatively expensive compared to other cities, so you should be prepared to make a significant investment. Yes, it can be expensive if you're determined to live in a gated community in Scottsdale, dine at five-star restaurants every night and enjoy all the luxurious amenities. But it can also be surprisingly affordable if you're willing to live a little further away from the city center, explore different neighborhoods, cook at home more often, and take advantage of the many free or low-cost activities offered by the Valley. In the latest edition of CoreLogic on home prices in the U.S.
Published in July 2024, housing prices in the Phoenix-Scottsdale-Mesa area are expected to increase by 5%, to despite being classified as an overvalued market. Something to keep in mind about the real estate market in Arizona is that, while Phoenix doesn't do very well in numbers, Scottsdale is not following the same trend.
