What is the cost of living in Prescott, AZ?
According to the most recent data on the cost of living, Prescott has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Arizona, Prescott has a cost of living index that's 1.2x higher than Arizona's index of 100.
The standard of living in Prescott ranks as #70 most affordable out of the 91 places we measured in Arizona. By definition, that implies Prescott ranks as the #21 most expensive place in the Grand Canyon State.
For more reading on life in Prescott, check out:
Prescott Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Prescott. Here is how it fares on each of the criteria:
The Services index in Prescott is 99.
The Groceries index in Prescott is 104.
The Health index in Prescott is 168.
The Housing index in Prescott is 97.
The Transportation index in Prescott is 115.
The Utilities index in Prescott is 103.
| Living Expense | Prescott | Arizona | National Average |
|---|---|---|---|
| Overall | 123 | 100 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 104 | 99 | 100 |
| Health | 168 | 97 | 100 |
| Housing | 97 | 104 | 100 |
| Transportation | 115 | 113 | 100 |
| Utilities | 103 | 104 | 100 |
Prescott Cost Of Living Compared To Arizona Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Arizona, check out:
Protect your home budget Compare home warranties in Prescott Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Prescott, AZ Housing Cost Breakdown
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 2020-2024. The key points are:
The Median Home Value in Prescott is $605,543.
The Median Rent in Prescott is $1,395.
The Median Income in Prescott is $70,874.
The Home Value To Income in Prescott is 8.5x.
The Rent To Monthly Income in Prescott is 0.24x.
Prescott, AZ Costs By Category
Detailed Prescott Services costs vs. Arizona
Detailed Prescott Groceries costs vs. Arizona
Detailed Prescott Health costs vs. Arizona
Detailed Prescott Transportation costs vs. Arizona
Prescott SnackAbility
Cost Of Living In Cities Around Prescott
The cost of living varies in the cities and towns around Prescott. 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 111, 0.9x Prescott.
Chino Valley, AZ has a cost of living index of 112, 0.9x Prescott.
Cottonwood, AZ has a cost of living index of 104, 0.8x Prescott.
| City | Population | Cost Of Living | Vs. Prescott |
|---|---|---|---|
| Prescott Valley, AZ | 49,179 | 111 | 0.9x |
| Chino Valley, AZ | 13,602 | 112 | 0.9x |
| Cottonwood, AZ | 12,580 | 104 | 0.8x |
| Camp Verde, AZ | 12,521 | 102 | 0.8x |
| Sedona, AZ | 9,777 | 141 | 1.1x |
| Wickenburg, AZ | 8,059 | 107 | 0.9x |
| Village of Oak Creek (Big Park), AZ | 6,356 | 137 | 1.1x |
| Williamson, AZ | 6,310 | 133 | 1.1x |
