Debt relief in Yuma (AZ) is a process where you combine multiple debts into one. This can be done by taking out a new loan to pay off your existing debts, or by working with a credit counseling service to create a repayment plan. Either way, the goal is to have one monthly payment that is lower than the total of your current payments.
Yuma Arizona AZ
The city of Yuma is located in southwestern Arizona near the confluence of the Gila and Colorado rivers. With a population of over 93,000, it is the 11th largest city in the state. This city is located in the southwestern corner of the state. It is situated along the Colorado River, which forms the border between Arizona and California. The city has a population of approximately 203,000 people and is the seat of Yuma County.
Yuma is known as the “Sunniest City on Earth” because it enjoys sunshine and warm weather for 91% of the year. This makes it a popular destination for winter visitors, with an estimated 70,000 to 85,000 people coming from out-of-state each year.
Cost Of Living & Income
According to the most recent estimates, the median household income in 2019 was $47,249. This is a significant increase from 2000 when the median household income was $35,374.
The cost of living in Yuma is quite affordable compared to other parts of the country. The average rent for a one-bedroom apartment is only $924 per month. Additionally, the cost of living index in Yuma is 89.
The demand for housing is highest near Tucson, Scottsdale, and Prescott. These areas are seeing an increase now, while other areas are struggling to meet expectations with low inventory levels. Because of high demand, prices for homes increased by 29.5% since July 2020, with a median price of $395,000. 2,421 homes were sold this year compared to last year’s 2,715 (a decrease of 294 homes sold).
The median house value in Yuma, Arizona is $163,900. This is compared to the median house value of $78,100 in 2000, showing a significant increase. The median house value in Arizona as a whole is $255,900. However, the mean prices for all housing units in Yuma were only $163,897. This indicates that there may be a large range in prices for different types of housing units. Detached houses have a median price of $189,900 while townhouses or other attached units have a median price of $145,247.
Taxes And Banking
Even though Arizonans have low individual tax burdens, the state as a whole has high taxes. This is because local taxes can be quite high in some parts of the state. For example, residents of Winslow, Holbrook, and Pinetop-Lakeside all pay a 9.43% sales tax rate, while those in Kearney pay an astonishing 11.2%.
Retirement In Arizona
Arizona may not be the ideal state for retirees expecting to find financial enrichment. The average Arizonian has saved $407,029 for their golden years – far short of the estimated $1,000,000 needed for a comfortable lifestyle. As a result, many retirees may find themselves struggling to make ends meet in the Grand Canyon State.
As the cost of living in states like Arizona continues to increase, more and more retired people are moving to Georgia in search of a more affordable lifestyle. For those who rely heavily on Social Security income, finding a place with a low cost of living is paramount. Fortunately, in Georgia, it’s possible to enjoy a high quality of life without spending a fortune.
Debt Relief In Yuma AZ
Doing debt consolidation is a great way to reduce your monthly payments and save money on interest. Instead of making separate payments to multiple credit card issuers or lenders each month, you can roll them into one payment from a single lender. This can help you get out of debt faster and save money in the long run.
Debt consolidation can be used to merge a variety of debts, such as:
- Car Loans
- Medical Debt
- Personal Loans
- Student Debt
- Credit Cards
- Payday Loans