Cost of Living in Prescott Valley, AZ
Population 48,048 · Arizona · Data vintage 2023
(100 = US avg)
Most of Prescott Valley's cost indicators track within a reasonable band of national figures, with median household incomes near $70,793 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Prescott Valley is about 55 miles north of Peoria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 12% lower than Peoria's $429,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Prescott Valley
The median home value in Prescott Valley is $376,300 — 23% above the national median of $305,000. Median rent runs $1,471/month, 12% higher than the national median of $1,314/month. The median household income of $70,793/year is 5% lower than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Arizona's top state income tax rate is 2.5% and the combined sales tax is 8.4%. Overall, Prescott Valley has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Prescott Valley, AZ?
Prescott Valley has a cost index of 119 (100 = national average). It is 19% above the national average.
What is average rent in Prescott Valley, AZ?
The median gross rent in Prescott Valley is $1,471 per month based on 2023 Census data.
What is the average home price in Prescott Valley?
The median home value in Prescott Valley is $376,300 according to Zillow and Census data.
What is the median income in Prescott Valley?
The median household income in Prescott Valley is $70,793 per year (2023 ACS 5-year estimates).
What is the sales tax in Prescott Valley, AZ?
The combined state and local sales tax rate in Prescott Valley is 8.4%. The Arizona state income tax top rate is 2.5%.
Is Prescott Valley, AZ affordable?
Prescott Valley is above average in cost of living, with an index of 119 — about 19% higher than the national average.
Prescott Valley at a Glance
- Population
- 48,048
- Median Income
- $70,793
- Home Value
- $376,300
- Median Rent
- $1,471/mo
- Unemployment
- 3.5%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Arizona Rankings
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