Is $40,000 a Good Salary in Phoenix? (2024)

The Verdict

Below Typical Professional Income

At $40,000, your income is below the estimated professional median for Phoenix (~$63,000). Budgeting will be essential, especially for housing in central districts.

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Estimated Monthly Allocation

Monthly Net Income

$2,835

Full Tax Breakdown

Housing & Utilities

$1,276

Target 30-35% of net. Covers rent/mortgage in standard zones.

Groceries & Transport

$992

Core living expenses adjusted for Phoenix CPI.

Lifestyle & Leisure

$425

Dining out, entertainment, and personal care.

Savings & Investment

$142

Remaining allocation for long-term wealth.

Other salary checks in Phoenix

Jump to adjacent income bands to stress test lifestyle outcomes.

6 options

$45,000 $60,000 $75,000 $90,000 $110,000 $130,000

Compare $40,000 across peer hubs

Same salary, different macro-region hubs to benchmark opportunity cost.

Adjust the Numbers

Salary FAQs

What does $40,000 translate to after tax in Phoenix?↓

Our deterministic engine estimates roughly $34,022 per year (~$2,835 monthly) after United States income taxes and mandatory social contributions for a single filer.

Can $40,000 comfortably cover housing in Phoenix?↓

Allocating about $1,276 (45% of monthly net income) keeps housing and utilities within the recommended 30–35% band even in core neighbourhoods.

How much could I save earning $40,000 in Phoenix?↓

Following the Sovereign allocation, you could direct roughly $142 per month (5% of take-home pay) toward investments, reserves, or debt payoff.