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Morenci

Learn about the people, housing, costs and businesses in Morenci, Arizona

Median Rent$612/month
Population2,075
Leading IndustriesManufacturing · Agriculture & Mining · Transportation19% manufacturing
Family-Friendly27% of residentsabove average nationally
Renters94% of occupied units
NotableHighly Educated26% bachelor's · 15% graduate · top 16% nationally
Morenci
AZ

Frequently Asked Questions

What are today's mortgage rates in Morenci?

As of today, the 30-year fixed mortgage rate for Morenci is approximately 6.790% (6.822% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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How much income do you need to buy a home in Morenci?

Based on a typical all-in ownership cost of $599/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morenci is $78k/year.

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What industries drive the economy in Morenci?

The largest employment sectors in Morenci are agriculture and mining (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.