| Index | Prescott Valley | Arizona | National |
| Cost of living | 111 | 101 | 100 |
| Groceries | 103 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 131 | 96 | 100 |
| Transportation | 101 | 102 | 100 |
| Utilities | 111 | 111 | 100 |
| Lifestyle & Entertainment | 102 | 103 | 100 |
| Household Items | 103 | 101 | 100 |
| Education & Childcare | 99 | 103 | 100 |
The cost of living in Prescott Valley affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Prescott Valley is 111, which is 11% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
When it comes to the cost of living in Prescott Valley, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 31.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Locals have the inside scoop on their city. So, we polled 18 residents in Prescott Valley to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 33% find it reasonable with decreasing prices, but 67% think it's quite pricey, with prices that continue to rise.
Is Prescott Valley affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Prescott Valley, the median home price is 39.5% higher than the national average and monthly rent prices are 12.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Prescott Valley boasting a median household income of $81,732, 0.5% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Prescott Valley comes in at 10.7% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Prescott Valley, is 31.5% higher than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living estimates displayed for Prescott Valley are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $85,064 | $7,089 | $1,985 | $2,552 |
| Renters | $61,105 | $5,092 | $1,426 | $1,833 |
| State | General Sales Tax | With Max Surtax |
| Arizona | 5.6% | 10.725% |
| State | Income Tax (Low) | Income Tax (High) |
| Arizona | 2.5% | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| Mayer, AZ | 1,908 | 91 | 8.9% |
| Dewey-Humboldt, AZ | 4,281 | 106 | 6.2% |
| Chino Valley, AZ | 11,776 | 111 | 10.7% |
| Clarkdale, AZ | 4,462 | 114 | 13.7% |
| Jerome, AZ | 431 | 116 | 15.9% |
| Prescott Valley, AZ | 47,357 | 111 | 11.5% |
| City | Population | Cost of Living Index | National Avg. |
| Horizon West, FL | 47,346 | 132 | 31.6% |
| Huntington, WV | 47,371 | 85 | 14.7% |
| Kyle, TX | 47,247 | 107 | 7.4% |
| Middletown, CT | 47,540 | 113 | 12.8% |
| Fort Pierce, FL | 47,562 | 97 | 2.5% |
| Prescott Valley, AZ | 47,357 | 111 | 11.5% |
Here are the best places to live in Arizona
These are the largest cities in Arizona
Most Dangerous Cities In The US
Safest States In The US