I lived out there from 97-2000 and the cost of living was pretty good. At that point it was cheaper to buy a house than it was to rent so we ended up buying a place.
Get good insurance because anyone who hits you won't have it and theft rate and auto break ins are kinda high. Watch out for the meth heads, but it's not really that bad unless you live in Glendale, or Apache Junction but even then it is liveable.
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"I'll keep my money, guns and freedom. You can keep the "Change."