Cost of living in Chino Valley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chino Valley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arizona, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chino Valley is 112, with 100 being the average.
The cost of living index in Chino Valley is 1.1x higher than the national average.
Chino Valley ranks as the #56 cheapest in Arizona out of 92.
Chino Valley ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Chino Valley is $495,581.
The median income in Chino Valley is $59,733.
According to the most recent data on the cost of living, Chino Valley has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Arizona, Chino Valley has a cost of living index that's 1.1x higher than Arizona's index of 99.
The standard of living in Chino Valley ranks as #56 most affordable out of the 92 places we measured in Arizona. By definition, that implies Chino Valley ranks as the #36 most expensive place in the Grand Canyon State.
For more reading on life in Chino Valley, check out:
Six factors go into calculating the cost of living index in Chino Valley. Here is how it fairs on each of the criteria:
The Services index in Chino Valley is 114.
The Groceries index in Chino Valley is 104.
The Health index in Chino Valley is 86.
The Housing index in Chino Valley is 127.
The Transportation index in Chino Valley is 107.
The Utilities index in Chino Valley is 84.
| Living Expense | Chino Valley | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 112 | 99 | 100 | |
| Services | 114 | 104 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 86 | 92 | 100 | |
| Housing | 127 | 97 | 100 | |
| Transportation | 107 | 104 | 100 | |
| Utilities | 84 | 93 | 100 | |
Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Chino Valley is $495,581.
The Median Rent in Chino Valley is $1,178.
The Median Income in Chino Valley is $59,733.
The Home Value To Income in Chino Valley is 8.3x.
The Rent To Monthly Income in Chino Valley is 0.24x.
| Statistic | Chino Valley | Arizona | United States |
|---|---|---|---|
| Median Home Value | $495,581 | $422,479 | $303,400 |
| Median Rent | $1,178 | $1,431 | $1,348 |
| Median Income | $59,733 | $76,872 | $78,538 |
| Home Value To Income | 8.3x | 5.5x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.22x | 0.21x |
| Item | Chino Valley | Arizona |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $11.7 | $12.13 |
| Bowling | $26.78 | $18.0 |
| Haircut | $22.83 | $24.26 |
| Beauty Salon | $38.8 | $45.56 |
| Item | Chino Valley | Arizona |
|---|---|---|
| Ground Beef | $5.21 | $5.84 |
| Fried Chicken | $1.73 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.05 | $4.93 |
| Pizza | $13.22 | $12.09 |
| Beer | $11.51 | $10.41 |
| Toothpaste | $3.54 | $3.7 |
| Item | Chino Valley | Arizona |
|---|---|---|
| Optometrist | $83.94 | $125.68 |
| Doctor | $96.11 | $135.78 |
| Dentist | $104.95 | $113.29 |
| Item | Chino Valley | Arizona |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $45.24 | $59.92 |
| Item | Chino Valley | Arizona |
|---|---|---|
| All Electricity | $272.57 | $193.99 |
| Phone | $184.69 | $192.25 |
The cost of living varies in the cities and towns around Chino Valley. Here's a quick look at the cost of living in the most populous nearby places:
Prescott Valley, AZ has a cost of living index of 112, 1.0x Chino Valley.
Prescott, AZ has a cost of living index of 125, 1.1x Chino Valley.
Cottonwood, AZ has a cost of living index of 103, 0.9x Chino Valley.
| City | Population | Cost Of Living | Vs. Chino Valley |
|---|---|---|---|
| Prescott Valley, AZ | 48,048 | 112 | 1.0x |
| Prescott, AZ | 46,744 | 125 | 1.1x |
| Cottonwood, AZ | 12,547 | 103 | 0.9x |
| Camp Verde, AZ | 12,282 | 102 | 0.9x |
| Sedona, AZ | 9,770 | 146 | 1.3x |
| Village of Oak Creek (Big Park), AZ | 6,340 | 138 | 1.2x |
| Williamson, AZ | 6,112 | 132 | 1.2x |