Prescott Valley, AZ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 100, with 100 being the average.

  • The cost of living index in Prescott Valley is 1.0x lower than the national average.

  • Prescott Valley ranks as the #57 cheapest in Arizona out of 94.

  • Prescott Valley ranks as the #3,149 cheapest out of 6,412 in the US.

  • The median home value in Prescott Valley is $283,700.

  • The median income in Prescott Valley is $60,033.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
100
Prescott Valley's Overall Cost Of Living
1.0x
Lower 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 100, which is 1.0x lower than the national index of 100.

Compared to Arizona, Prescott Valley has a cost of living index that's 0.9x lower than Arizona's index of 107.

The standard of living in Prescott Valley ranks as #57 most affordable out of the 94 places we measured in Arizona. By definition, that implies Prescott Valley ranks as the #37 most expensive place in the Grand Canyon State.

For more reading on life in Prescott Valley, check out:

57 out of 94
In Arizona
3,149 out of 6,412
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 109.

  • The Groceries index in Prescott Valley is 100.

  • The Health index in Prescott Valley is 97.

  • The Housing index in Prescott Valley is 95.

  • The Transportation index in Prescott Valley is 105.

  • The Utilities index in Prescott Valley is 96.

Living Expense Prescott Valley Arizona National Average
Overall 100 107 100
Services 109 102 100
Groceries 100 101 100
Health 97 94 100
Housing 95 121 100
Transportation 105 105 100
Utilities 96 97 100
For more reading on cost of living around Arizona, check out:
Prescott Valley Cost of Living Vs. AZ

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 2017-2021. The key points are:

  • The Median Home Value in Prescott Valley is $283,700.

  • The Median Rent in Prescott Valley is $1,128.

  • The Median Income in Prescott Valley is $60,033.

  • The Home Value To Income in Prescott Valley is 4.7x.

  • The Rent To Monthly Income in Prescott Valley is 0.23x.

Statistic Prescott Valley Arizona United States
Median Home Value $283,700 $265,600 $244,900
Median Rent $1,128 $1,172 $1,163
Median Income $60,033 $65,913 $69,021
Home Value To Income 4.7x 4.0x 3.5x
Rent To Monthly Income 0.23x 0.21x 0.2x
Search Homes For Sale In Prescott Valley, AZ
$283,700
Median Home Value
$1,128
Median Rent
$60,033
Median Income

Prescott Valley, AZ Costs By Category

Detailed Prescott Valley Services Costs Vs. Arizona

Item Prescott Valley Arizona
Shampoo $1.06 $1.06
Movie $9.55 $10.68
Bowling $15.0 $14.67
Haircut $18.27 $18.62
Beauty Salon $37.5 $39.05

Detailed Prescott Valley Groceries Costs Vs. Arizona

Item Prescott Valley Arizona
Ground Beef $4.87 $4.22
Fried Chicken $1.39 $1.39
Milk $1.51 $2.05
Potatoes $2.5 $3.29
Pizza $11.66 $10.62
Beer $11.04 $9.38
Toothpaste $1.98 $2.34

Detailed Prescott Valley Health Costs Vs. Arizona

Item Prescott Valley Arizona
Optometrist $98.72 $108.57
Doctor $104.71 $116.17
Dentist $94.28 $99.13

Detailed Prescott Valley Transportation Costs Vs. Arizona

Item Prescott Valley Arizona
Gasoline $2.42 $2.22
Tire Balancing $49.7 $50.07

Detailed Prescott Valley Utilities Costs Vs. Arizona

Item Prescott Valley Arizona
All Electricity $156.13 $167.67
Phone $179.39 $175.64

Prescott Valley SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
4
Diversity
8
Safety
8
Amenities
8
Education
7
Commute
8.5

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 115, 1.1x Prescott Valley.

  • Chino Valley, AZ has a cost of living index of 101, 1.0x Prescott Valley.

  • Cottonwood, AZ has a cost of living index of 98, 1.0x Prescott Valley.

City Population Cost Of Living Vs. Prescott Valley
Prescott, AZ 45,063 115 1.1x
Chino Valley, AZ 12,854 101 1.0x
Cottonwood, AZ 12,073 98 1.0x
Williamson, AZ 5,651 128 1.3x

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