Gilbert appears relatively affordable when comparing median gross rent ($2,110/month) to median household income ($122,551/year), as rent represents approximately 20.6% of gross monthly income — below the 30% affordability threshold commonly used in housing analysis. However, this assessment relies solely on citywide aggregates and does not reflect neighborhood-level variation, individual circumstances, or non-housing costs.
Gilbert at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $40,320. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 280,262 |
| 2024 ACS median household income | $122,551 |
| 2024 ACS median gross rent | $2,110 |
| 2024 ACS median owner-occupied home value | $575,100 |
| Derived one-way commute estimate | 27 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 21% |
The trade-off
Relative strength: Rent-to-income ratio is approximately 20.6% based on citywide medians.. Watch closely: higher home values may reflect long-term equity potential despite elevated monthly housing costs..
Compare Gilbert
Frequently asked questions
Is Gilbert Arizona affordable for renters based on 2024 ACS data?
With median gross rent at $2,110 per month and median household income at $122,551 annually, rent consumes about 20.6% of gross monthly income, which is below the 30% benchmark often used to assess rental affordability. This calculation uses only citywide ACS estimates and does not account for variation across neighborhoods or individual financial circumstances.
How does Gilbert's median home value compare to its income levels according to 2024 ACS?
The median owner-occupied home value is $575,100, which is approximately 4.7 times the median household income of $122,551. This price-to-income ratio suggests homeownership may be less accessible relative to earnings, though it reflects long-term asset value rather than monthly cash flow alone. These figures are citywide averages from the 2024 ACS 5-year survey.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.