Prescott Valley, AZ Cost Of Living
Cost Of Living In Prescott Valley, AZ Summary
Cost of living in Prescott 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 Prescott 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 Prescott Valley is 112, with 100 being the average.
The cost of living index in Prescott Valley is 1.1x higher than the national average.
Prescott Valley ranks as the #56 cheapest in Arizona out of 92.
Prescott Valley ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Prescott Valley is $454,941.
The median income in Prescott Valley is $70,793.
Table Of Contents
Prescott Valley's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Prescott Valley, AZ?
According to the most recent data on the cost of living, Prescott Valley has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Arizona, Prescott Valley has a cost of living index that's 1.1x higher than Arizona's index of 102.
The standard of living in Prescott Valley ranks as #56 most affordable out of the 92 places we measured in Arizona. By definition, that implies Prescott Valley ranks as the #36 most expensive place in the Grand Canyon State.
For more reading on life in Prescott Valley, check out:
In Arizona
In America
Prescott Valley Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Prescott Valley. Here is how it fairs on each of the criteria:
The Services index in Prescott Valley is 113.
The Groceries index in Prescott Valley is 104.
The Health index in Prescott Valley is 86.
The Housing index in Prescott Valley is 131.
The Transportation index in Prescott Valley is 106.
The Utilities index in Prescott Valley is 83.
| Living Expense | Prescott Valley | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 112 | 102 | 100 | |
| Services | 113 | 102 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 86 | 95 | 100 | |
| Housing | 131 | 99 | 100 | |
| Transportation | 106 | 107 | 100 | |
| Utilities | 83 | 96 | 100 | |
Prescott Valley, 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 2019-2023. The key points are:
The Median Home Value in Prescott Valley is $454,941.
The Median Rent in Prescott Valley is $1,471.
The Median Income in Prescott Valley is $70,793.
The Home Value To Income in Prescott Valley is 6.4x.
The Rent To Monthly Income in Prescott Valley is 0.25x.
| Statistic | Prescott Valley | Arizona | United States |
|---|---|---|---|
| Median Home Value | $454,941 | $422,479 | $303,400 |
| Median Rent | $1,471 | $1,431 | $1,348 |
| Median Income | $70,793 | $76,872 | $78,538 |
| Home Value To Income | 6.4x | 5.5x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Prescott Valley, AZ Costs By Category
Detailed Prescott Valley Services Costs Vs. Arizona
| Item | Prescott Valley | Arizona |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $11.7 | $12.13 |
| Bowling | $26.78 | $18 |
| Haircut | $22.83 | $24.26 |
| Beauty Salon | $38.8 | $45.56 |
Detailed Prescott Valley Groceries Costs Vs. Arizona
| Item | Prescott 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 |
Detailed Prescott Valley Health Costs Vs. Arizona
| Item | Prescott Valley | Arizona |
|---|---|---|
| Optometrist | $83.94 | $125.68 |
| Doctor | $96.11 | $135.78 |
| Dentist | $104.95 | $113.29 |
Detailed Prescott Valley Transportation Costs Vs. Arizona
| Item | Prescott Valley | Arizona |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $45.24 | $59.92 |
Detailed Prescott Valley Utilities Costs Vs. Arizona
| Item | Prescott Valley | Arizona |
|---|---|---|
| All Electricity | $272.57 | $193.99 |
| Phone | $184.69 | $192.25 |
Prescott Valley SnackAbility
/10
Cost Of Living In Cities Around Prescott Valley
The cost of living varies in the cities and towns around Prescott Valley. Here's a quick look at the cost of living in the most populous nearby places:
Prescott, AZ has a cost of living index of 125, 1.1x Prescott Valley.
Chino Valley, AZ has a cost of living index of 112, 1.0x Prescott Valley.
Cottonwood, AZ has a cost of living index of 103, 0.9x Prescott Valley.
| City | Population | Cost Of Living | Vs. Prescott Valley |
|---|---|---|---|
| Prescott, AZ | 46,744 | 125 | 1.1x |
| Chino Valley, AZ | 13,372 | 112 | 1.0x |
| Cottonwood, AZ | 12,547 | 103 | 0.9x |
| Williamson, AZ | 6,112 | 132 | 1.2x |
