While the cost of a new home continues to rise in Arizona, it’s in the middle of the pack when it comes to comparing states with the highest home ownership costs.That’s according to a recent study from Roofing Craftsmen, a company that specializes in residential roof replacement. The study identified the most expensive places to be a homeowner, revealing annual homeowner costs as a percentage of median income across each state.Arizona ranked No. 28 with annual homeowner costs taking up 26.95% of the median income. The Grand Canyon State had a median household income of $69,056 with an average annual homeowner cost of $18,610.In comparison to other states, Arizona ranked in the top 50% for median household income (No. 20) and average annual home ownership costs (No. 25).Significant financial investment goes into being a homeowner, from mortgage expenses and property taxes to home insurance and utility bills. With the recent threat of tariffs looming over the construction and real estate indu …
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