Cost of Living & Housing in Globe
Globe is genuinely affordable, with unusually consistent housing figures across sources for this build wave -- but real, disclosed hazard costs (flood-zone risk, insurance) belong in the same budgeting conversation as price.
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Learn moreHousing Prices -- Affordable and Unusually Consistent
Homes sold for a median $290,000 in May 2026, closely matched by a $289,000 listed median in August 2026 -- genuinely consistent figures, unlike the wider price spreads documented for Tombstone, Bisbee, or Douglas elsewhere in this build wave. A separate, notably lower older/ACS-linked figure ($147,027 average home value) reflects a different data year and is disclosed rather than reconciled. The market shows real, disclosed softening even as sales activity rose: average days on market climbed to 157 (from 145 the prior year), and price per square foot fell 7% year over year as of August 2026.
Property and Sales Taxes
Gila County's 2026 effective property tax rate is 0.54% (median annual bill $1,331 on a $247,000 median home), below the national median -- no Globe-specific rate was independently found, so this is a county-wide figure. The combined sales tax is 9.9% (5.6% state + 1.0% county + 3.3% city). Arizona's flat 2.5% state income tax applies here as it does statewide -- a real, not-zero state income tax.
Overall Cost of Living and Income
Globe's cost-of-living index (82.3, December 2024) runs below the national average. Median household income is cited at $69,170 -- notably higher than the figures documented for Tombstone, Bisbee, or Douglas elsewhere in this build wave -- with a poverty rate of 16.42%, above the national average but well below Douglas's 27.76%.
A Real Budgeting Consideration: Flood Risk Near Pinal Creek and Bloody Tanks Wash
Before budgeting for a specific property, understand that Globe experienced a real, deadly flash flood in September 2025 (three deaths, roughly $96 million in damage) and a second, less severe event in August 2021 -- both tied to runoff from the 2021 Telegraph Fire burn scar into Pinal Creek, Bloody Tanks Wash, and Russell Gulch. FEMA denied both Arizona's initial major-disaster-declaration request and the state's July 2026 appeal. Confirm current flood-zone status and any insurance-cost implications for a specific property directly -- no Globe-specific homeowners insurance figure was independently confirmed this session.
Key takeaways
- Median home price runs $289,000-$290,000 (2026), genuinely affordable and unusually consistent across sources -- though rising days on market (157) and falling price per square foot (-7% YoY) signal real, disclosed softening.
- Gila County's county-wide effective property tax rate (0.54%) runs below the national median; the combined sales tax is 9.9%; Arizona's flat 2.5% state income tax applies.
- Median household income ($69,170) runs notably higher here than in Tombstone, Bisbee, or Douglas elsewhere in this dataset.
- Confirm current flood-zone status directly for any specific property near Pinal Creek, Bloody Tanks Wash, or Russell Gulch, given the real, deadly September 2025 flash flood and FEMA's denial of federal disaster aid for it.
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