Davis-Monthan AFB  Military and Family Support Center

Personal Financial Management Program and Economic Readiness Support

The Personal Financial Readiness counselors at Davis-Monthan Air Force Base is ready to assist you with your finances through two programs.

First, the Personal Financial Management Program can help you develop a budget to prepare you for your new costs here, get you back on financial track or provide a means to save more money than you are right now. Classes are also held on a regular basis for budgeting, car buying, investments, credit/debt management and the Thrift Savings Plan. Education can be provided for home buying and selling.   

Second, if you find yourself with a legitimate financial emergency, you may be eligible for a loan through the Air Force Aid Society (official charity of the AF). Assistance can also be provided through Army Emergency Relief and the Navy-Marine Corps Relief Society when those from our sister services need assistance.  Financial emergencies are typically for basic living expenses, out-of-pocket medical expenses (not reimbursed by Tricare), and emergency travel. Apply online at: https://afas.org

With the cost of housing index below the average in the western U.S. and excellent appreciation, Tucson is an attractive place to buy a home. Home sales and the construction of new homes provide jobs and tax revenues for local, state and federal governments and prompt additional expenditures on new furniture, new appliances and renovation. Furthermore, the National Association of Homebuilders estimates that roughly 30% of a new home occupant's income is spent on items produced by local businesses such as medical care, daycare, dry cleaners and auto repair shops. All of these purchases directly impact the local economy.

Homes in southern Arizona come in every style and price, and many builders favor the old pueblo and mission architectural styles that reflect the area's culture and history. There are also numerous attached homes, such as condos, and a superb choice of apartments, many with recreational amenities. From gated golf course communities to artistic bungalows to luxury apartments, there is something for every taste, lifestyle and budget. And, due to exponential population growth, new housing construction has exploded in Pima County since 2002. The most rapid residential construction is occurring in Marana, Sahuarita and unincorporated parts of Pima counties.

Average Cost for Housing: Rentals and Purchases

Median home sale price in Tucson: $338,600

Average apartment rental costs: It will depend on the season, location and if basic utilities are included like local phone service, electric and water.

Number of Bedrooms Unfurnished:

• 1 - $633.00
• 2 - $852.00
• 3 - $1251.00

Arizona residents pay higher-than-average electricity bills. According to the U.S. Energy Information Administration, an average monthly electricity bill in Arizona is $128.40. Tucson has a cost of living index of 70.98. Basic utilities such as electricity, heating, cooling, water, and garbage for a 915-square-foot apartment can cost $297.01 when the average monthly net salary is $2,582.71.

Emergency Financial Assistance may be provided by the Air Force Aid Society via the A&FRC. To apply for a emergency financial loan go to: https://afas.org

If requesting a loan over $1K, a budget is required as well as 1Sgt endorsement.

Emergency assistance is typically approved for basic living expenses such as rent or utilities, childcare, medical or dental care not reimbursed by Tricare emergency travel, car repairs, pay issues, disasters, pet travel PCS OCONUS, emergency pet surgery/treatment, ect.

The Air Force Aid Officer stands ready to assist. E-mail: 355FSS.FSH.AFRC@us.af.mil or call 520-228-5690 for questions.