Cost of living index

Prescott Valley, AZ

98.3 / 100

Living in Prescott Valley, AZ is 1.7% cheaper than the US average — the #108 of 387 highest nationally.

Median rent: $1,258/mo

Median home value: $392,900

Figures — including the cost index, median rent, and median home value — cover the wider Prescott Valley, AZ metropolitan area, not individual neighbourhoods or city boundaries.

Seasonal weather

Winter

54° / 27°F

(12° / -3°C)

3.5 in precip

Spring

69° / 40°F

(21° / 4°C)

1.9 in precip

Summer

89° / 60°F

(32° / 16°C)

4.7 in precip

Fall

73° / 43°F

(23° / 6°C)

2.8 in precip

30-year climate normals (1991–2020) from PRESCOTT LOVE FLD, via NOAA.

What it costs to live in Prescott Valley, AZ

The Prescott Valley, AZ metro area has an overall price level of 98.3 compared with the national average of 100, meaning everyday costs run about 1.7% lower than a typical US metro. Housing tells the sharper story: at 98.8 it is 1.2% below the national average. Housing rents are often one of the largest sources of difference between metro areas, so this figure can have a significant impact when comparing locations.

Cost breakdown

Overall#108 of 387

98.3

Goods#225 of 387

96.2

Housing rents#99 of 387

98.8

Utilities#144 of 387

91.5

Other services#80 of 387

99.8

Prescott Valley, AZ is moved down the most by utilities, at 91.5 vs a US average of 100, while the closest to average is other services.

How Prescott Valley, AZ compares

Other metros in Arizona

Flagstaff, AZ100.3 Lake Havasu City, AZ94.1 Phoenix, AZ103.3 Sierra Vista, AZ89.2 Tucson, AZ96.9 Yuma, AZ92.7

Browse Arizona →See the cheapest and most expensive US metros →

Data source

Figures on this page come from the US Bureau of Economic Analysis (BEA) Regional Price Parities dataset, 2024 — the most recent year published. An index of 100 marks the national average; a metro above 100 has higher prices than a typical US metro, below 100 lower. Median rent and median home value are from the US Census Bureau’s American Community Survey (ACS) 2023 5-year estimates, and seasonal weather is from NOAA’s 1991–2020 climate normals. These are regional figures only, not a complete personal budget — they don’t account for individual spending habits, taxes, or household circumstances. See the full methodology for how the index and salary-equivalent estimates are calculated.

Compare My City is an independent project and is not operated by, endorsed by, or affiliated with the Bureau of Economic Analysis, the Census Bureau, or NOAA.

Common questions

Is Prescott Valley, AZ an expensive place to live?

Prescott Valley, AZ has an overall cost-of-living index of 98.3, where 100 is the US average. That makes it about 1.7% cheaper than the country as a whole.

Is housing expensive in Prescott Valley, AZ?

Housing rents in Prescott Valley, AZ score 98.8 against a US average of 100 — roughly 1.2% below average. Housing rents are often the main driver of differences in overall price levels between metro areas.

How does Prescott Valley, AZ compare to the US average cost of living?

Overall prices in Prescott Valley, AZ sit at 98.3 versus 100 for the US average, with housing at 98.8. Figures come from the US Bureau of Economic Analysis for 2024.